The Hanoitimes – A lower GDP growth target is inevitable as the Covid-19 pandemic is wreaking havoc on the world economy, said Minister of Planning and Investment Nguyen Chi Dung. Due to severe impacts of the Covid-19 pandemic on the economy, the Vietnamese government has proposed revising the GDP growth target from the initial 6.8% to […]
Read MoreIndustries with employees totalling nearly one-third of the Thai workforce are unlikely to recover this year, even as partial lockdown measures are eased, according to TMB Analytics. The industries include hotels, restaurants, aviation, entertainment and recreation, auto and auto parts, property, steel, plastic and rubber, and fashion products. These sectors are expected to see a […]
Read MoreThe Finance Ministry will start charging 10 percent value-added tax (VAT) on imported digital goods and services, which includes video and music streaming subscriptions, starting from July 1 in an attempt to boost state revenue amid the COVID-19 outbreak. According to Finance Ministerial Regulation No. 48/2020, the tax will be collected from customers by the […]
Read MoreMANILA, Philippines — The Philippines would remain as an attractive destination for business process outsourcing (BPO) post-pandemic due to competitive wages and a mature BPO sector, acting Socioeconomic Planning Secretary Karl Chua said. Interviewed on The Chiefs aired on One News Thursday night, Chua said despite the possibility that more multinational firms may onshore their […]
Read MoreThe authorities have successfully thwarted at least two attempts to smuggle billions of dollars into Cambodia. These were in addition to the millions seized from suitcases and bags smuggles through the airport and land borders, said Prime Minister Hun Sen. Speaking at the cabinet meeting Friday, the prime minister said that the Governor of the […]
Read MoreThe Hanoitimes – With a limited state budget, Vietnam should mobilize social resources to support startups and large-scale enterprises, those considered capable of driving the economy forward. While the Covid-19 pandemic is transforming the world into a totally different one, Vietnam should readjust its development strategy to make full use of a new economic order, according […]
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