Vietnam logs no new COVID-19 infections on March 1 morning Vietnam documented zero COVID-19 infections in the past 12 hours as of 6:00 am on March 1, leaving the national tally unchanged at 2,448 patients, according to the National Steering Committee for COVID-19 Prevention and Control. Earlier, Vietnam reported 16 COVID-19 cases at 6pm on February 28, including 12 locally infected cases in the northern province of Hai Duong, the country's largest COVID-19 hotspot, and four imported cases in the southern provinces of Tay Ninh and Dong Thap. Of the total infections, there were 1,542 domestically-transmitted cases, including 849 recorded since the latest outbreak hit the northern province of Hai Duong on January 27. Ten cities and provinces nationwide have gone through 16 consecutive days without any locally-infected cases of COVID-19, including Hoa Binh, Dien Bien, Ha Giang, Binh Duong, Hung Yen, Bac Giang, Gia Lai, Bac Ninh, Quang Ninh, and Ho Chi Minh City. Meanwhile, Hanoi has recorded 14 straight days of no coronavirus cases. A total 60,693 people who came in close contact with COVID-19 patients or arrived from pandemic-hit areas are under quarantine nationwide, including 560 at hospitals, 12,298 at other quarantine sites, and 47,835 at home. Among patients under treatment, 62 have tested negative for SARS-CoV-2 once, 53 twice, and 95 thrice. Report from the Treatment Sub-committee showed that Vietnam has seen 1,876 recoveries so far. In a bid to live safely with the pandemic, people should strictly follow the Ministry of Health’s 5K message: khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering), and khai bao y te (health declaration)./. Hai Duong dissolves COVID-19 treatment hospital No.1 Chairman of the Hai Duong provincial People's Committee Nguyen Duong Thai, who is also head of the provincial Steering Committee for COVID-19 Prevention and Control, on February 27 decided to …
Built in gains tax holding period 2016
Vietnam and UK boost bilateral trade ties
The Hanoitimes - The two countries keen on trade and energy cooperation. Vietnam and the United Kingdom will tighten co-operation to implement the UK-Vietnam Free Trade Agreement (UKVFTA) effectively, promoting the import and export of goods and increasing bilateral trade value between the two countries. A tra (catfish) processing line. Tra products are entitled to a zero % tax rate when exported to the UK. The co-operation plan was a key content discussed by Deputy Minister of Industry and Trade Dang Hoang An and British Ambassador to Vietnam Gareth Ward at a meeting held recently in Hanoi. At the meeting, the two leaders agreed that the UKVKTA, which took place on December 31, 2020 and being temporarily applied from January 1, 2021, will be a new driving force to take off the good relations on trade and investment in Vietnam and the UK. Despite extremely negative impacts from the Covid-19 pandemic in 2020, the trade exchange between the two sides still reached US$5.6 billion, in which Vietnam gained export value of $4.95 billion and import value of $687 million from and to the UK. The UK continues to be the third largest export market of Vietnam in the European region. From the first days of January 2021, the Vietnam’s shipment of 60 tons of fragrant rice exported to the UK has enjoyed tariff preferences under the agreement, opening up new opportunities for the two countries’ business community. The two sides agreed to give priority to the organization of the 12th Joint Economics and Trade Committee in the UK (JETCO 12) meeting this year when the Covid-19 pandemic is under control. Before the meeting, the two sides will hold online meetings, seminars and dialogues to discuss solutions to removing problems in every specific fields. Mr. Gareth Ward said the UK wanted to coordinate with the Ministry of Industry and Trade to organize online dialogues in the field of energy development, including a dialogue on renewable energy …
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Masan records revenue doubling amid crisis
Masan Group achieved higher earnings in 2020 despite the global health crisis Reporting its management accounts for the fourth quarter and 2020 as a whole, Masan Group achieved the targets set in its AGM, with net revenues of VND77 trillion ($3.34 billion) for the full year, within the range of VND75-85 trillion ($3.25-$3.69 billion) set, and net profit after tax post minority interest of VND1.23 trillion ($53.42 million), also within the VND1-3 trillion ($43.3-$130.29 million) goal. The CrownX – which consolidates Masan’s interest in Vincommerce (VCM) and Masan Consumer Holdings (MCH) – the second-largest consumer business in Vietnam by revenue, delivered a net revenue of VND54.27 billion ($2.5 billion) delivered in the 2020 financial year, up 18.1 per cent on-year and increasing earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin by 280 basis points to 8.3 per cent. VCM delivered a positive EBITDA of VND16 billion ($695,000) in the fourth quarter, marking completion of the first phase of its digital transformation. Meanwhile, MCH achieved the strategic milestone of $1 billion (VND23.97 trillion) in net revenues for the year, along with net revenue growth of 27.2 per cent and EBITDA growth of 22.4 per cent on-year. Masan MEATLife (MML) accelerated its vision to become a branded fast-moving consumer goods (FMCG) platform as its integrated meat business delivered a net revenue of $100 million (VND2.37 trillion), contributing to consolidated net revenue quintupling on-year from 3 to 15 per cent for the year. Techcombank, meanwhile, delivered net profits after tax growth of 23.0 per cent, underpinned by its consumer-centric financial services strategy. The current and savings account ratio now represents about half of its funding base. Meanwhile, Masan High-Tech Materials (MHT) solidified its strategy to become a global high-tech industrial materials platform with the acquisition of H.C. Starck, which was validated by …
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