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Vietnam: VAT to be slashed from 10% to 8%

The government has agreed in principle to reduce the value added tax (VAT) by 2% to 8%. VAT to be slashed from 10% to 8% till the end of this year. In a document dated April 17 Deputy Prime Minister Le Minh Khai assigned the Ministry of Finance to prepare a detailed report that clearly […]

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Cambodia: Migrant workers boost national economy

While improving their livelihood, Cambodian migrant workers, including those in the Republic of Korea (RoK), have significantly contributed to boosting the national economy. The note was highlighted by Ith Samheng, Minister of Labour and Vocational Training while presiding over the celebration of Khmer New Year “Moha Sankrata” in Uijeongbu, RoK on April 16. Cambodian workers […]

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Indonesia: Bali considers tourist entry tax

JAKARTA: Indonesia is considering a tourism levy for visitors to Bali, adding another potential hurdle for holidaymakers after the island cracked down on traffic and visa breaches. The tax would raise funds for conservation projects including mangrove and coral reef replanting to ensure visitors would have a positive impact on the local environment, Tourism Minister Sandiaga […]

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Indonesia’s trade surplus narrows in March

Indonesia managed to post a trade surplus in March, but it was much lower than the previous month’s Trade surplus narrows Indonesia posted yet another month of trade surplus in March, although a drop in exports meant it was smaller than expected. Exports fell 11.3%, slightly better than expected but weighed down by contractions in exports of […]

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