On-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies. The government issued Decree No.18/2021/ND-CP on March 11, amending a previous 2016 decree to implement the Law on Export and Import Taxes. Now, products traded on spot are not eligible for import duty exemptions. Goods exported or […]
Read MoreThe General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses. This is a part of the programme on amending the Value-added Tax (VAT) Law that the General Department is consulting with experts, said Ta Thi Phuong Lan, deputy head […]
Read MoreThe latest Covid-19 outbreak has pushed enterprises into new difficulties at a time when it is nearly impossible to access cheap capital sources. The State Bank of Vietnam (SBV) has repeatedly asked commercial banks to slash lending interest rates in order to help clients overcome difficulties caused by the pandemic. However, it is still difficult […]
Read MoreDelivery services are becoming popular again in Hanoi following the latest Covid-19 outbreak. Hanoi People’s Committee has asked restaurants to follow social distancing rules and install dividers between the seats if necessary. Customers have also been advised to buy take-away food. As a result, many people have turned to delivery services to buy food. Since […]
Read MoreVietnamese businesses need to prepare and move ahead to win the e-commerce race. At the end of 2019, Adayroi announced its closure, ending the expectation that Vietnamese e-commerce firm could compete with foreigh rivals. This showed that local businesses cannot compete with foreign competitors in this fierce battle. With the support and ecosystem of Vingroup, […]
Read MoreFlexible management of fiscal policy and public debt under control have played a part in helping Vietnam cope with the pandemic. Vietnam is the only country in the world having its outlook upgraded to “positive” by three major rating agencies of Moody’s, Standard and Poor’s (S&P), and Fitch since the Covid-19 outbreak. S&P on May […]
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