Vietnamese transport firms wherein foreign investors contribute over 51% of the chartered capital will not be licensed, according to the Ministry of Transport. Recently, some transport firms with over 51% of foreign stake had questions about the investment in vehicles for the road transport business. In response, the Ministry of Transport stated in a document […]
Read MoreKUALA LUMPUR: Malaysia has called for cohesive economic measures among Asean member states to build socioeconomic resilience in mitigating the impact of Covid-19, said the International Trade and Industry Ministry (Miti). In a statement on the 36th Asean Summit, Miti said Prime Minister Tan Sri Muhyiddin Yassin stressed that leaders, in moving beyond efforts to […]
Read MoreThailand is setting a new goal to become a global medical and wellness destination by 2024, aiming to lure international travellers and 1 million overseas Thais, according to the Tourism Authority of Thailand (TAT). As the pandemic raises awareness about healthcare and accelerates demand for preventive and regenerative medicine, the TAT sees an opportunity, particularly […]
Read MoreStudies have found that Vietnam’s taxation system offers many incentives to foreign invested enterprises (FIEs), but puts an increasingly heavy burden on Vietnamese enterprises and people. The 2020 annual economic report released by VEPR (the Vietnam Institute for Economic and Policy Research) on June 17 drew the public’s attention to the tax collection system. The […]
Read MoreBusinesses remain hamstrung by the pandemic, leading most enterprises to freeze their investment amid the uncertainty. Yet some companies are bucking the trend. Several coffee shops and tea chains debuted their business shortly after the government announced its lockdown measures. Among them are %Arabica, the Japanese specialty coffee brand, which opened in early June at […]
Read More[HANOI] Vietnam reported gross domestic product growth of 0.36 per cent in the second quarter from a year earlier, versus a 6.73 per cent expansion in the same period last year, the General Statistics Office (GSO) said on Monday. The South-east Asian country’s GDP in the first half of this year grew 1.81 per cent […]
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