A businessman told VietNamNet that the explanation is ‘impractical’, and that it is common for enterprises to see their business results soar in Q4. This means that it is impossible for enterprises to estimate the profits of the whole year to calculate the amount of tax they have to advance. … [Read more...] about New regulation on temporary tax payments worries businesses
Corporate income tax by state
A source said that a working group on the automobile industry will be set up with members from MOF, the Ministry of Planning and Investment (MPI), MOIT and SBV. The working group will be in charge of building policies on tax and preferential credit for the automobile industry. … [Read more...] about When will taxes be lowered to reduce automobile prices?
Local airlines also proposed extending the period that take-off and landing prices are cut by half until the end of next year and reducing the environmental protection tax by 70% for airlines. In addition, commercial international flights to countries that have controlled the pandemic should be allowed to resume operations. … [Read more...] about Vietjet, Bamboo Airways seek Government financial aid
HCM City (VNA) - Promoting exports to Singapore, which has open trade mechanisms and high-quality services, is viewed as a shortcut for Vietnamese small and medium-sized enterprises (SMEs) to send their products out to the world, according to industry insiders. At a conference held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) on October 7, centre deputy director Tran Phu Lu said Singapore plays an important role in Southeast Asia’s economy thanks to its strategic location and high-quality human resources. As the 37th-largest economy in the world, its per capita income stood at 59,590 USD in 2019, he said, adding that as its domestic consumption relies a great deal on imports, Vietnamese SMEs could penetrate into the market, especially in the context of formidable challenges posed by COVID-19. Vice President of the Vietnamese Chamber of Commerce Ltd (Vietcham) Singapore, Phan Phi Long, said that besides traditional distribution channels like FairPrice, … [Read more...] about Singapore an important market for SMEs to reach out to the world: Insiders
A shipper in Việt Nam delivers two parcels a day on average since it takes time to locate addresses and wait for recipients to collect the order, whereas a shipper in a developed market could deliver 200 a day with map data to optimise routes, he said. … [Read more...] about Logistics SMEs urged to speed up digital transformation to remain competitive