Under the new support package that the Ministry of Finance is working on, all business households and individuals would enjoy a 50% reduction in payable tax arising from production and business activities in the third and fourth quarters of 2021. Nguyen Quoc Hung, Director of the Tax Policy Department of the Ministry of Finance, said […]
Read MoreVietnam has overtaken Bangladesh as the second-biggest garment exporter, according to the latest data released by the World Trade Organization (WTO). Bangladesh had been the world’s second-largest garment exporter since 2010, according to World Trade Organization (WTO) rankings. However, Bangladesh has lost its rank to Vietnam after the latter sold $29 billion worth of apparel […]
Read MoreNew support measures may lead to a decline of VND20 trillion ($870 million) in State budget revenue. Local businesses are set to enjoy corporate income tax (CIT) cut by 30% for this year, which is expected to help them relieve part of the hardship during the current Covid-19 outbreak. Nguyen Quoc Hung, director of the […]
Read MoreVietnam’s export earning hit US$27 billion in July, down 0.8 per cent month-on-month and up 8.4 per cent year-on-year, reported the General Statistics Office (GSO). On seven-month calculation, the figure reached $185.33 billion, marking a yearly rise of 25.5 per cent. Of which, $48.52 billion was from domestic economic sector, up 14.6 per cent and […]
Read MoreThe fourth wave of Covid-19 led to a further disruption in the country’s manufacturing sector in July, with production output falling at the fastest pace since April 2020. Rates of decline in output and new orders quickened from the previous month and employment was down sharply amid reports of temporary company closures and social distancing […]
Read MoreThe request from the State Bank of Vietnam is expected to help people overcome difficulties during the Covid-19 outbreak and push cashless payment. Commercial banks and branches of foreign banks in Vietnam are urged to reduce their interbank money transfer fees with an aim of supporting local businesses and people to overcome difficulties caused by […]
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