However, according to Decree 71/2007/ND-CP detailing and guiding the implementation of a number of articles of the Law on Information Technology, specifically Articles 8, 9, 10, 11 of Section 1, Chapter 2, games are generally considered digital information content products. Therefore, games on Steam are subject to 10% VAT in accordance with the current law. This is the selling price currently applied when paying by the method of domestic banks affiliated with VTC Pay. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes
Foreign earned income tax credit
VIETNAM BUSINESS NEWS JANUARY 15
Lan made the statement during a reception for Korean Ambassador to Vietnam Park Noh-wan on January 13, during which she called on Korean investors to pour more investment into Bac Ninh in the time to come, especially in development of smart cities, education-training, hi-tech agriculture, supporting industry, environmental protection and energy saving, and automobile and component manufacturing. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 15
Bắc Ninh rolls out red carpet for South Korean firms
Lan made the statement during a reception for Korean Ambassador to Việt Nam Park Noh-wan on Wednesday, during which she called on Korean investors to pour more investment into Bắc Ninh, especially in the development of smart cities, education-training, high-tech agriculture, supporting industry, environmental protection and energy-saving technology, and automobile and component manufacturing. … [Read more...] about Bắc Ninh rolls out red carpet for South Korean firms
VietinBank named fastest-growing SME bank in Vietnam
With a desire to accompany and empower SME customers to overcome the crisis caused by COVID-19 and stabilise development in the next stage, VietinBank took new and innovative approaches. A series of credit solutions to remove difficulties and support customers affected by the pandemic have been carried out promptly and effectively through specific campaigns and programmes. As a result, VietinBank won trust of traditional customers and spread a strong message among the SME community. … [Read more...] about VietinBank named fastest-growing SME bank in Vietnam
RCEP: local enterprises stepping firmly forward
Vietnamese firms should stay vigilant as businesses in the grouping would also utilise advantages from the deal to “attack” the domestic market, Hoa said, suggesting the local enterprises consolidate their foothold right in the home market and improve their competitiveness in pricing and quality. … [Read more...] about RCEP: local enterprises stepping firmly forward