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Vietnam: Specific criteria defining SMEs

The Hanoitimes – The Government has issued Decree No.39 on March 11 to specify criteria of small and medium-sized enterprises (SMEs). The Decree is aimed to clarify some clauses of the Law on assistance for SMEs, for which, SMEs are divided into micro, small and medium enterprises.  Business lines of SMEs are based on Vietnamese laws […]

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Malaysia: Tax on social media giants under study

THE Ministry of Finance is conducting a detailed study on the proposed taxation on giant technology companies and social media such as Google and Facebook. Second Finance Minister Datuk Seri Johari Abdul Ghani said the matter was out of necessity, as well as to seek the best taxation mechanism and model. “It is also aimed […]

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Thailand: Govt outlines EEC environmental goals

Environmental problems along the Eastern Seaboard could worsen after the Eastern Economic Corridor (EEC) — the government’s pet industrial development project — comes online, according to Environment Minister Gen Surasak Kanjanarat. “We will get more money from the EEC, but exchanging that for unhealthy air quality and a dirty environment. Would that be okay?” he said.  […]

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Vietnam: Logistics decree underwhelms

According to Jan Segers, member of the European Chamber of Commerce in Vietnam’s (EuroCham) Transport and Logistics Sector Committee, Decree No.163/2017/ND-CP-promulgated in late 2017 and regulating conditions for logistics services-has yet to meet expectations of foreign businesses operating in the field. “At the moment, foreign investors in the logistics sector have yet to see an […]

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