The Hanoitimes – The finance ministry`s proposal is part of the government’s efforts to encourage business households to formalize and become enterprises. Vietnam’s Ministry of Finance (MoF) has proposed to reduce the corporate tax income (CIT) rate from the current 20% to 15 – 17% for small and medium enterprises (SMEs) in a move to buttress […]
Read MoreThe Hanoitimes – More than half of foreign invested firms (53.1%) reported profits in 2018, while 36.7% suffered losses, roughly equivalent to levels recorded for 2017. Nearly 56% of foreign firms plan to expand their operations in Vietnam, a healthy level, but also a slight decrease from the apex of 60% last year, according to the […]
Read MoreThe Hanoitimes – Manufacturing remained the driving force of the economy with the increase rate of 12.35%, contributing 2.72 percentage points to the overall growth. Vietnam posted year-on-year GDP growth of 6.79% in the first quarter of 2019, lower than the 7.38% expansion recorded in the first quarter of 2018.The rate, howerver, remained the best first-quarter […]
Read MoreThe Hanoitimes – This resulted in an increase of 2.63% year-on-year for the consumer price index (CPI) of the first quarter, the lowest inflation for a first quarter over the last three years. Vietnam’s consumer price index (CPI), a gauge of inflation, saw a decline of 0.21% in March against the previous month, and up 2.7% […]
Read MoreLao and Vietnamese authorities have confirmed that they will continue to cooperate to develop labour skills in Laos and protect workers’ rights in the two countries. Participants at the annual Laos-Vietnam Labour and Social Welfare meeting in Vientiane yesterday reached consensus on a number of measures to promote bilateral labour ties which mainly focus on […]
Read MoreVIETNAM will soon launch a new cryptocurrency exchange – the first of its kind in the country. Kronn Ventures AG, a blockchain-focused company from Switzerland, is behind the move. The Swiss company last week signed a memorandum of understanding with Vietnamese distribution company Linh Thanh Group for the production of the cryptocurrency and the establishment […]
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