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Vietnamese market attracts Italian investors

A large number of Italian business people, scholars and economists attended a workshop on Vietnamese economy and investment climate which was held on November 7- 8 in the southern Italian city of Sorrento, as part of Sorrento Meeting 2014.
A large number of Italian business people, scholars and economistsattended a workshop on Vietnamese economy and investment climate whichwas held on November 7- 8 in the southern Italian city of Sorrento, aspart of Sorrento Meeting 2014.

Addressing the function, Vu VietNgoan, Chairman of Vietnam’s National Financial Supervisory Commission,laid emphasis on Vietnam’s policies on door opening and internationalintegration with a view to creating favourable business environment forforeign investors based on the win-win and long-term benefit principles.

Daniel Kraus, Confidustria’s Deputy Director General, on hispart, said Vietnam is a country of strong vitality, adding that morepromotion programmes are needed to help Italian enterprises know aboutinvestment opportunities in the Southeast Asian country.

It wasrevealed at the workshop that approximately 200 Italian businessmenfrom 140 companies will visit Vietnam during November 21 – 24 to conductmarket research and seek potential partners on the occasion of ameeting of the Vietnam-Italy joint committee for economic development.-VNA

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

🉐 Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

🐼 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

🍬 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

ꦜ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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