Minister of Industry and Trade Tran Tuan Anh and EU Trade Commissioner Phil Hogan reached consensus on the point of time for the EU-Vietnam Free Trade Agreement (EVFTA) to take effect, during their phone talks on June 8. The talks took place right after the Vietnamese National Assembly (NA) had ratified the deal earlier the […]
Read MoreFitch Solutions, a subsidiary of Fitch Group, has revised its forecast for Vietnam’s fiscal deficit (excluding debt principal repayments) to be 6.4% of GDP in 2020 (from 6.0% of GDP previously), almost double of 3.4% in 2019. This is mainly due to the government’s Covid-19 fiscal stimulus having a strong focus on tax relief, which […]
Read MoreThe Hanoitimes – Foreigners can buy houses from developers of residential projects on the primary market. Hanoi’s Department of Construction has made public a list of 22 more housing projects that allow foreign individuals and organizations to own homes, the Kinh te & Do thi reported. In the latest list, Ha Dong district remains top localities […]
Read MoreThe Hanoitimes – “This historic milestone signals the start of a new relationship with the European Union,” said a EuroCham official. The EU-Vietnam Free Trade Agreement (EVFTA), which has just been approved by the Vietnamese parliament this morning [June 8] represents a true ‘win-win’ not just for European and Vietnamese enterprises; but also for citizens on […]
Read MoreThe Hanoitimes – Following the ratification, the EVFTA would enter into force 30 days after the mutual notification between Vietnam and the EU about the completion of respective legal procedures. The National Assembly (NA) today [June 8] approved the EU – Vietnam Free Trade Agreement (EVFTA) with endorsement from 100% of 457 National Assembly deputies present. […]
Read MoreThe Hanoitimes – The threshold would now be raised from VND9 million (US$389) per month to VND11 million (US$475). The Standing Committee of the National Assembly has allowed the increase of the monthly tax-free threshold from July 1 in a move to make the cost of living match inflation. Accordingly, the threshold will be raised from […]
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