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
Evc code for 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
Wealth inequaity increases after COVID-19
Inequality is costing lives Afro-descendants in Brazil are 40 per cent more likely to die of COVID-19 than white people while nearly 22,000 black and Hispanic people in the US would still be alive if they experienced the same COVID-19 mortality rates as their white counterparts. Infection and mortality rates are higher in poorer areas of countries such as France, India, and Spain while England's poorest regions experience mortality rates double that of the richest areas. … [Read more...] about Wealth inequaity increases after COVID-19
Equipping localities in climate fight
In another case, Nam Dinh Department of Planning and Investment (DPI), also beset by natural disasters, has also advanced the province’s plan on integrating DRR-CCA into its SDP 2021-2025. Under the plan, the provincial People’s Committee enacted a directive which must be integrated with DRR-CCA. At that point, the DPI promulgates a related guideline. After that, the plan will be discussed with comments from the Ministry of Planning and Investment. Thereafter it will be submitted to the committee before being implemented by districts which will have to make their own plans of the types including DRR-CCA integration. … [Read more...] about Equipping localities in climate fight
Vietnamese firms told to be ready for legal challenges when exporting to US
Vietnamese enterprises must be well prepared for legal issues if they seek to export to the US market, a seminar heard in HCM City last week. Tran Phu Lu, deputy director of the Investment and Trade Promotion Centre of HCM City (ITPC), said the US is Viet Nam’s largest export market and major items include seafood, textiles, footwear, and farm produce. … [Read more...] about Vietnamese firms told to be ready for legal challenges when exporting to US