457 new rules

Tax inspection has put considerable pressure on business owners as the tax environment becomes more complicated and challenging. With the aim to support businesses to tackle the tax audit issues, on June 14, RSM Vietnam held the webinar RSM Tax Inspection 2022 to assist enterprises in successfully managing tax inspections. The webinar successfully attracted more than 150 participants from different companies. According to Le Khanh Lam, head of Tax & Consulting Services at RSM Vietnam, the COVID-19 pandemic had certain impacts on the number of tax adjustments and tax inspections in the first four months of 2022. The tax adjustments resulting from tax audits have declined as compared to the same period in 2021. Meanwhile, only 15 per cent of tax inspections have been completed according to the year’s plan. He added that due to the low number of tax audits in early 2022, the tax authorities would be likely to increase inspection in the second half of this year. Therefore, … [Read more...] about What businesses should prepare for the tax inspection

The open-plan office is located in the grade A Capital Place building, Ba Dinh District, Hanoi. Standard Chartered Vietnam announced the launch of its new head office in Hanoi, strengthening its strong, long-term commitment to and investment in Vietnam. Delegates attend the grand opening of the new head office of Standard Chartered Vietnam in Hanoi. Photo: Standard Chartered Vietnam At the grand opening of the new head office, Patrick Lee, Chair of Board of Members of Standard Chartered Bank Vietnam (Limited), said: “Vietnam is an exciting and dynamic market and an important part of our global footprint. It’s great to see our business grow from strength to strength, offering an innovative suite of solutions for consumers and businesses, while contributing to the sustainable development of the Vietnamese economy.” He underlined the company will continue to grow with the country and make a difference for its people and community. Michele Wee, CEO of Standard … [Read more...] about Standard Chartered launches new head office in Hanoi

Politburo member, Secretary of the Party Central Committee (PCC) and Head of the PCC's Organization Commission Truong Thi Mai (L) hands over the appointment decision to Mr. Nguyen Van Hieu. (Photo: SGGP) The appointment ceremony was chaired by Politburo member, Secretary of the Party Central Committee (PCC) and Head of the PCC's Organization Commission Truong Thi Mai; and Secretary of the HCMC Party Committee Nguyen Van Nen. The event was attended by Deputy Head of the PCC's Organization Commission Nguyen Quang Duong; Chairman of National Assembly's Legal Affairs Committee Hoang Thanh Tung; Vice President and General Secretary of the Vietnam Fatherland Front (VFF) Central Committee Le Tien Chau; Deputy Minister of Public Security Senior Lieutenant General Tran Quoc To; Major General Nguyen Van Gau, Vice Chairman of the Political Commissar of Vietnam People's Army; Deputy Head of the Central Commission of Mass Mobilization, Do Van Phon. Politburo member, Secretary of the … [Read more...] about HCMC Party Committee has new Vice Secretary

Mobile police forces in Vietnam will be furnished with aircraft and ships, in addition to weapons and other equipment, according to a new law passed by the country’s legislature last week. The lawmaking National Assembly approved the Law on Mobile Police at its third session on June 16 with over 91 percent of the votes from 474 delegates present. The law, which has five chapters and 33 articles, will take effect from January 1, 2023 and replace the 2013 Ordinance on Mobile Police. As per the new legislation, mobile police will be equipped not only with weapons, explosives, supporting tools, and vehicles as well as professional technical equipment, but also aircraft and boats to carry out their functions, tasks, and powers. Accordingly, mobile force units will be allowed to use aircraft and boats designated for them to implement their law enforcement activities when necessary. The government will issue detailed instructions to implement this regulation, the law says. The … [Read more...] about Vietnam’s mobile police to be equipped with planes, boats: new law

Antibody therapies are offering promising treatment breakthroughs for cancer and other illnesses, generating greater investor interest more than 20 years after they were first commercialised. Antibodies are proteins that recognise foreign substances, known as antigens, attaching themselves to them to alert the rest of the human immune system. In 1975, scientists Georges Koehler and Cesar Milstein discovered how to produce them in a laboratory, which later earned them a Nobel Prize for medicine. Dozens of synthetic antibodies have since been developed. New antibody treatments to be used with chemotherapy have arrived on the scene in recent years. Most recently, a clinical trial of an antibody developed by pharmaceutical groups Daiichi Sankyo and AstraZeneca caught the attention of leading cancer specialists gathered at the American Society of Clinical Oncology's annual congress in Chicago this month. The treatment, Enhertu, was already authorised for breast cancer patients … [Read more...] about New antibody therapies fight cancer, drum up investment

Mumbai civic chief IS Chahal (L) receives Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang (R). (Photo: SGGP) The visit was attended by Vice Chairman of the People’s Council of HCMC Nguyen Van Dung, representatives of the city’s department and Consul General of Vietnam to Mumbai Hoang Tung. Speaking at the meeting, Mumbai civic chief IS Chahal said that the Covid-19 pandemic has basically been controlled in the city where coronavirus fatality accounted for 0.8 percent of the total number of confirmed cases thanks to the effectiveness of epidemic prevention and control measures, creating a strong socio-economic recovery. At the working session between leaders of HCMC and India's Mumbai Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang emphasized the traditional good relationships between Vietnam and India that were founded by two outstanding leaders of the two nations, President Ho Chi Minh and Prime Minister J. Nehru, beginning in the 1950s. … [Read more...] about HCMC, Mumbai enhance cooperation, open new direct flights

A VND4.5-trillion (US$193.6 million) industrial park is set to be built later this year in the northern Vietnamese city of Hai Phong. The Hai Phong Economic Zone Authority (HEZA) organized a ceremony on Wednesday afternoon to grant an investment registration certificate for the construction of Tien Thanh Industrial Park in Tien Lang District. Construction of the new industrial park, expected to cost more than VND4.5 trillion, will begin later this year on an area of 410.46 hectares. The industrial park is expected to be put into operation before 2025. Speaking at the certificate handover ceremony, HEZA head Le Trung Kien stressed its determination in ensuring the project’s progress by creating favorable conditions for the developer. Once completed, Tien Thanh Industrial Park will increase the number of industrial parks in Hai Phong to 15 parks which span a total of 6,074.75 hectares. In the first six months of 2022, Hai Phong’s industrial parks and economic zones have … [Read more...] about Northern Vietnamese city to establish new US$193.6mn industrial park

Le Trung Kien, director of the HEZA, awarded an investment certificate to Tien Thanh IZ’s infrastructure development project in Tien Lang district According to Pham Huu Quang Huy, director of the Investment Management Department at the HEZA, in the first half of this year, the city’s industrial and economic zones (IZs and EZs) allured 21 new foreign-invested projects, and 18 existing foreign-invested projects asked for supplemental capital. New foreign direct investment (FDI) volume reached $755.7 million, equal to 56.2 per cent on-year. Up to now, the city’s IZs and EZs attracted 438 foreign-invested projects valued at $22.07 billion in total capital and 195 local ones worth $12.57 billion. Tien Thanh Industrial Zone At the conference, Le Trung Kien, director of the HEZA, awarded an investment registration certificate to Tien Thanh IZ’s infrastructure development based in Tien Lang district. He also granted new investment certificates to three new projects … [Read more...] about Haiphong hails a string of new projects

Ilustrative image (Photo: VNA) Hanoi (VNA) – A total 888 new case s of COVID-19 were recorded in the past 24 hours from 4pm June 21 to 4pm June 22, according to the Ministry of Health. Hanoi still reported the highest number of infection s on the day with 149 cases, followed by Hai Phong with 88 and Da Nang with 61. Besides, the south central province of Ninh Thuan added 58 COVID-19 cases to the national caseload after verifying information. The national caseload reached 10,739,855. A total 5,657 COVID-19 patients were given the all clear on June 22, bringing the number of recoveries so far to 9,622,837. There are 33 patients in serious conditions needing breathing support. No death from COVID-19 was reported in the past 24 hours. The total fatalities stood at 43,084. On June 21, 388,269 doses of vaccines were administered, raising the total number of doses of COVID-19 vaccines administered to 226,741,624./. VNA … [Read more...] about COVID-19: Vietnam confirms 888 new cases on June 22

An additional 740 new Covid-19 infections were confirmed on Thursday, raising the national tally to over 10.74 million, according to the Ministry of Health. Illustrative photo According to the ministry's report, most of the new patients are locally-transmitted cases confirmed in 38 out of 63 localities in the country with some localities seeing the highest numbers including Hanoi (154), Bac Ninh (54), Nghe An (51), Yen Bai (40), and Danang (40). As of Thursday evening, the number of Covid-19 patients in Vietnam has increased to over 10.74 million. On June 23, an additional 5,087 more patients recovered from the disease, raising the number of recoveries in the country to over 9.62 million. On Thursday evening, no deaths related to Covid-19 were announced. Total fatalities stayed at 43,084, accounting for 0.4 per cent of total infections. By June 22, the country had injected more than 227 million doses of Covid-19 vaccines, including … [Read more...] about Additional 740 new Covid-19 infections confirmed on Thursday