Vietnam’s plan to reduce import tariffs on fully built-up (CBU) vehicles from the US to zero percent has attracted attention, with many seeing it as a strategic move to boost trade and expand consumer choices. However, its immediate effect on car prices may be limited.
Vietnam and Thailand have officially upgraded their relations to a comprehensive strategic partnership, heard a press conference co-chaired by Prime Minister Pham Minh Chinh and his Thai counterpart Paetongtarn Shinawatra in Hanoi on May 16.
The Government has proposed a 2-percentage-point reduction in the value-added tax (VAT) for goods and services currently taxed at 10%, lowering the rate to 8%.
Pathet Lao newspaper and an online publication of the Lao News Agency (KPL) on May 15 ran an editorial highlighting the life and career of President Ho Chi Minh on the occasion of the 135th anniversary of his birthday (May 19, 1890–2025).