Corporate income tax will be completely exempted in the first four years and cut by half for the next nine years for emerging tech and science firms in Vietnam, as per a Ministry of Finance circular effective in March. … [Read more...] about Science, tech firms in Vietnam to enjoy 13 years of tax deduction
16 form of income tax
Prospects remain bright over dented remittance inflows
The money that contracted labourers have sent back home amount to about $3-4 billion per year, accounting for around 20 per cent of total inward remittance volume to Vietnam. The average monthly income of these labourers comes to around $1,000, depending on the market. For instance, it ranges from $1,200-1,400 per month in South Korea, or from $700-800 per month in Japan. … [Read more...] about Prospects remain bright over dented remittance inflows
HCMC authorities develop various types of houses to meet growing demand
Simultaneously, the city will continue mobilizing all sources to build social houses for low-income earners while the city’s state budget will be spent on building rental property. As per regulation, 20 percent of land in commercial property of over 10 ha will be for building social apartments. Social condominiums will be built on lands which polluting facilities used to locate in. … [Read more...] about HCMC authorities develop various types of houses to meet growing demand
Wealth inequaity increases after COVID-19
Women are the hardest hit, yet again Globally, women are overrepresented in the low-paid precarious professions that have been hardest hit by the pandemic. If women were represented at the same rate as men in these sectors, 112 million women would no longer be at high risk of losing their incomes or jobs. Women also make up roughly 70 per cent of the global health and social care workforce − essential but often poorly paid jobs that put them at greater risk from COVID-19. … [Read more...] about Wealth inequaity increases after COVID-19
What’s next for Vingroup? What is One Mount Group?
One Mount Group is rumoured to have been established by Techcombank, Masan, and Vingroup Elsewhere, Vinfast plans to launch the first electric car in the US in early 2022, and break even with its earnings before interest, tax, depreciation and amortization (EBITDA) in the next five years. … [Read more...] about What’s next for Vingroup? What is One Mount Group?
