IN 2013, the government reduced the corporate income tax rate from 30 per cent to 20 per cent as a tax incentive for international companies to invest in Thailand. However, while the tax rate was reduced, the withholding tax rate remained the same. This has resulted in a greater demand for withholding tax refunds. Customers […]
Read MoreThe Fourth Industrial Revolution, or Industry 4.0, has posed both opportunities and challenges to Asean. Klaus Schwab, founder and executive chairman of the World Economic Forum, speaks to Viet Nam News about the pressures of the ongoing technological and scientific revolution. CAN YOU EXPLAIN MORE ABOUT THE REVOLUTION? WHY DO YOU CALL IT THE FOURTH […]
Read MoreThe Hanoitimes – Vietnam`s new wind power push is forecast to create an investment wave in the industry as seen in the solar power industry previously, dubbing a landmark for the country’s renewable energy outlook. Prime Minister Nguyen Xuan Phuc has just issued a long-awaited decision approving the mechanism on the development of solar power projects. […]
Read MoreThe Hanoitimes – Vietnam is promoting cooperation with Denmark in various spheres, especially economic field. Prime Minister Nguyen Xuan Phuc has asked Danish beer maker Carlsberg to expand its investment in Vietnam, during a reception in Hanoi on September 12 for Carlsberg CEO Cees‘t Hart, who is attending the World Economic Forum on ASEAN 2018 (WEF […]
Read MoreSINGAPORE remains the biggest catchment area for American direct investments in Asia. Some US$15 billion were poured into factories and offices in the city state last year, raising the level of investments from the United States to a book value of US$274.3 billion in Singapore – more than the combined US investments in China (US$107.6 billion) and Japan (129.1 billion), […]
Read MoreThe Hanoitimes – Domestic private investment is yet to fulfill its increasing role as a driver of Vietnam`s lower middle-income economy, according to UNDP`s director. Accelerating the development of the private sector and expanding domestic private finance are key priorities for Vietnam to meet the financial requirements to achieve the Sustainable Development Goals (SDGs), stated Haoliang […]
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