March 26, 2025

Profit swings to loss for Vietnam power firm after labelling error found

Nearly a year after publishing its 2023 financial report, Thang Long Thermal Power Joint Stock Company — a member of Geleximco Group — has acknowledged a significant reporting error, revising its 2023 profit of VND 122 billion (US$4.8 million) to a loss of more than VND 528 billion (US$20.6 million). The correction comes after the company issued nearly VND 1,800 billion in bonds over the last twelve months since the incorrect statements were made public, VietnamNet has reported.

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Vietnam to roll back some environment protection obligations for small business

Vietnam is refining its Extended Producer Responsibility (EPR) policy to ease compliance for small businesses. This includes removing EPR obligations from manufacturers and importers of packaging for export, temporary import and re-export, or for research and testing purposes and companies with annual packaging sales revenue under VND 30 billion (US$78 million), VN Economy is reporting.

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Vietnam considers cuts to import tariffs on range of ag. goods, resources

The Ministry of Finance is preparing a draft decree for the government that, if approved, will adjust Vietnam’s Most Favoured Nation (MFN) import tax rates down. This is at the request of the Prime Minister in response to “complex and unpredictable developments of the world’s geopolitical and economic situation” (READ: US tariff policy), Zing News is reporting.

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Vietnam’s Private Sector Development Push: Unpacked

Last week, Vietnam’s relatively new General Secretary, To Lam, announced that he wanted to see Vietnam’s private sector expand to 70 percent of GDP by 2030. This is not a new concept but it has historically been somewhat of a struggle to realise. With this in mind, this article looks at Vietnam’s private sector development, why it has failed to break out, and what might be different this time around.

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