The EU-Vietnam Free Trade Agreement (EVFTA), which came into force on August 1, is hoped to create a driving force to help Vietnam reap further achievements in poverty reduction and economic growth. A World Bank study said the EVFTA will help an additional 0.1 – 0.8 million people escape poverty by 2030, equivalent to a […]
Read MoreE-wallets firms are battling for a piece of the cashless payment market amid rapid growth in the context of the COVID-19 pandemic. Mobile wallet and digital payment app MoMo this week announced a deal with Be Group to provide cashless payment services on the ride-hailing platform which only accepted credit card payments previously. SmartPay wallet […]
Read MoreThe Vietnam Timber and Forest Product Association has sent an urgent petition to the Ministry of Finance, Ministry of Agriculture and Rural Development and Ministry of Industry and Trade about congestion of wooden planks set for export at ports. The congestion has been attributed to Document No. 4250/TB-TCHQ issued by the Viet Nam Customs on June […]
Read MoreResolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially came into effect on Monday. The policy is a major effort to help companies overcome the negative impacts of the COVID-19 pandemic on business operations. Under the resolution, all enterprises, co-operatives, agencies and organisations established under Vietnamese […]
Read MoreForeign investors are making new investments moves into Vietnam on the back of supporting policies and new rules. However, as some legal concerns remain, the development of the next steps still requires some preparation. The European Chamber of Commerce in Vietnam (EuroCham) has just announced the Business Climate Index (BCI) for the second quarter, showing […]
Read MorePublic-private investment projects play a significant role in developing infrastructure and have the potential to accelerate large-scale construction works across the country. Managing partner of Indochine Counsel Duc Dang and Steven Jacon, foreign consultant of Indochine Counsel go into the ins and outs of the laws governing the the bidding and funding of such projects. […]
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