Haiphong

Prime Minister Nguyen Xuan Phuc at the sixth GMS Summit “We have been working to meet our commitments to protect intellectual property rights, innovative ideas, and the inventions of startups. We will continue to boost tax policy reforms and corporate income tax will be decreased to 15-17 per cent from the current 20-22 per cent,” stated Prime Minister Nguyen Xuan Phuc at the sixth Greater Mekong Subregion (GMS) Summit. At the summit, the PM said that in 2017, Vietnam continued to maintain one of Asia’s highest economic growths, with inflation controlled at 3.5 per cent. The country’s interest and exchange rates remained stable, trade turnover reached a record $425 billion, and foreign reserves have exceeded $60 billion. According to the World Bank, Vietnam’s Ease of Doing Business Index last year jumped 14 places to stand 68th among 190 economies. The World Economic Forum (WEF) placed Vietnam’s Global Competitiveness Index (GCI) at 55th out of … [Read more...] about PM promises 5-7 per cent corporate income tax cuts at GMS Summit

The opening ceremony for Maersk’s high-quality warehouse took place last week The new warehouse offers premium warehousing and distribution solutions to support customers and the significant trade growth in the region. On December 11, the opening ceremony for the new Maersk logistics centre in Bac Ninh was attended by Danish Ambassador to Vietnam Kim Højlund Christen-sen, and senior Maersk executives, among others. Maersk Logistics Centre in VSIP Bac Ninh Warehouse area: 10,848sq.m (officially opened December 11) Clearance height: nine metres Dock leveller: 12 units Normal dock: 10 units Floor payload: four tonnes per square metre 100-per-cent fire sprinkler equipped 24/7 CCTV surveillance Constructed by Mapletree Logistics Park Bac Ninh Phase 3, the 11,000 square-metre warehouse is strategically located at VSIP Industrial Park in Bac Ninh, within 25km to Hanoi centre and 120km to Haiphong port. The fully Maersk-operated facility is equipped with the latest … [Read more...] about Maersk expands with new logistics centre