An Phu Company which is responsible for the afforestation and forest management project was also shamed after 15.4 cubic metres of timber was found under three holes in their forest areas. The police launched an investigation into deforestation and Lam Dong People's Committee fined the company VND251m (USD10,800) for illegally building 14 houses and illegally converting 28ha of forest land for other usage. … [Read more...] about VIETNAM NEWS JANUARY 15
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VIETNAM BUSINESS NEWS JANUARY 15
The plan is to be implemented in order to make productivity into an important driving force for development across all sectors, largely through the application of new renewal achievements in science, technology, management systems, and tools that help to improve productivity. This is in addition to combining with research, training, and retraining of human resources, in line with Industry 4.0 trends. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 15
Steam, Netflix do business in Vietnam without paying taxes
This platform has subsidized Vietnam since 2017, so the game price could be at least half cheaper. Previously, games sold on Steam were calculated at USD rates, with US tax (up to 30%). After the price is converted to the VND, games on Steam are sold at least half the price when paying by international credit card by users with a location in Vietnam. As a result, Vietnamese traffic currently accounts for 0.3% of Steam's total bandwidth, only 0.1% to 0.2% lower than regional countries such as Malaysia, the Philippines or Indonesia. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes
Firms benefit from lending interest rate reductions and exemptions
Vietcombank and Agribank also mapped out plans to cut interest rates for the company, Ha said, expressing her hope that the banks would extend graces and increase lending limits to help the company pay salaries for its employees in the coming time as the complex will continue its closure or welcome few visitors. … [Read more...] about Firms benefit from lending interest rate reductions and exemptions
Increased liquidity helps VN-Index approach 1,200 points
An employee of Hochiminh City Securities Corporation monitors stock prices. The VN-Index of the Hochiminh Stock Exchange rose 0.57% today – PHOTO: THANH HOA HCMC – The increase in liquidity sent many stocks hitting their daily ceiling prices but the VN-Index of the Hochiminh Stock Exchange still missed the 1,200-point mark today, January 15. … [Read more...] about Increased liquidity helps VN-Index approach 1,200 points
