Dang Ngoc Minh, deputy general director of the General Department of Taxation (GDT), reported that VND700-800 billion worth of tax from e-commerce platforms and digital services were collected in 2018. The figure rose to VND1 trillion in 2019. In the first 11 months of 2020, the figure was approximately VND1 trillion. Taxation agencies collected tax based on the declarations by businesses. … [Read more...] about Tax collections from cross-border platforms too low
Business forum
Vietnam PMI disrupted by storms and flooding
Local manufacturing industry enjoys solid growth in September Manufacturing sector returned to growth in September as concerns around the outbreak of the COVID-19 pandemic in the country eased. Both output and new orders increased, while business confidence strengthened, and the rate of job cuts softened. … [Read more...] about Vietnam PMI disrupted by storms and flooding
Vietnamese milk producer’s hi-tech cow farm certified as Asia’s largest
The Vietnamese milk producer had to compete with many contenders from China, Mongolia, India, and Middle East countries to win the title of Asia’s largest hi-tech dairy cow farm, Dr. Biswaroop Roy Chowdhury, general director of the organization, said at the ceremony in Nghe An Province. … [Read more...] about Vietnamese milk producer’s hi-tech cow farm certified as Asia’s largest
Gov’t commits to gaining 2.5%-GDP growth target
With public investment seen as a key measure to boost economic recovery, the Government leader also highlighted a 5-year high rate of public funds disbursement at nearly 80% of the year’s target in the first 11 months of this year, representing an increase of 34% year-on-year. … [Read more...] about Gov’t commits to gaining 2.5%-GDP growth target
Increasing awareness in plastic waste management for private sector in Viet Nam
The workshop focuses on three main objectives: i) Providing information to SMEs about the impact of plastic waste pollution and solutions to reduce, reuse and recycle plastic products. ii) Shaping a world where plastics need never become waste by raising awareness and new consumer behaviors through initiatives in collecting, treating and recycling plastic waste; iii) Discussing more specific policies on EPR and the roles of business associations based on the newly revised Law on Environmental Protection passed by the National Assembly in November 2020. … [Read more...] about Increasing awareness in plastic waste management for private sector in Viet Nam
