This year, tax revenue was estimated at VND1,510 trillion ($66.1 billion), exceeding the year’s estimate by 12.47%. The upcoming tax cut package for businesses and people affected by the pandemic in 2022 could worth up to VND60 trillion (US$2.62 billion), nearly triple the size of a similar program this year, or VND21.6 trillion ($945 million). […]
Read MoreThe Commerce Ministry has set the export growth target at only 3-4% for next year, slightly lower than projections by private organisations, citing a spate of persistent risk factors such as prolonged Covid-19 outbreaks, stiffer measures for public health and the environment and a shortage of labour and semiconductors. Commerce Minister Jurin Laksanawisit said the […]
Read MoreSINGAPORE (BLOOMBERG) – Private housing rents in Singapore have climbed to a six-year high, and analysts anticipate further increases as demand outweighs supply. That is adding to costs for expatriates here at a time when inflationary pressures are building. The Covid-19 pandemic can be blamed for much of the gains: a shortage of migrant workers has contributed […]
Read MoreMANILA, Philippines — The Philippines held on to its position as second fastest growing market for automobiles in Southeast Asia, with production and sales accelerating by over 20 percent in the 11 months to November. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation showed assembly plants in the Philippines churned out 78,714 […]
Read MoreCambodia’s five cement factories produced 7.9 million tons in the eleven months this year, a slight decrease compared to the amount registered in 2020. Puth Chandarith, secretary-general of the Cambodian Cement Manufacturing Association, said on Monday that the production of domestic cement during the January-November period was similar to last year due to the number […]
Read MoreA shift to the local market should be a long-term solution for Vietnam to avoid a similar situation at border gates with China in the future. Vietnamese Government agencies are urged to actively work with their Chinese counterparts to resolve the current congestion at Vietnam-China border checkpoints, while businesses should refrain from sending more trucks […]
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Thailand
