Foreign earned income tax credit

Hanoi (VNA) – The Thai government has agreed with Toyota Motor Corp.’s plan to produce electric vehicles and plug-in hybrids in Thailand. With approval from the Thai government's Board of Investment, effective on January 7, Toyota will have to initiate production within three years to benefit from the country's tax privileges, including corporate income tax exemption, although no penalties will be imposed for abandoning the plan, Kyodo news reported. However, details about schedule and models for production have yet to be finalised. In its strategy released in 2017, Toyota aims to sell more than 1 million electric vehicles and fuel-cell vehicles by 2030 globally. The Board of Investment introduced its tax privilege scheme for electric vehicles and plug-in hybrids in March 2017 to promote investment in such green cars. Besides Toyota, Mazda Motor Corp., Nissan Motor Co. and Mitsubishi Motors Corp. among other Japanese automakers have also applied for the scheme./. … [Read more...] about Toyota gets approval for electric vehicle production in Thailand

"There is a growing awareness among companies that the negative effects of global warming above two degrees Celsius will have a dramatic impact on bottom line results, business operations and reputation," says Chris Bonnet, Head of ESG Business Services at AGCS. "Failure to take action will trigger regulatory action and influence decisions from customers, shareholders and business partners. Therefore, every company has to define its role, stance and pace for its climate change transition -- and risk managers need to play a key role in this process alongside other functions." … [Read more...] about Allianz Risk Barometer 2020: Business interruption and natural catastrophes remain top risks amongst China companies

The giant roasters of the US and Europe also said they were about to set out additional food safety standards and would vigorously check the amount of chemicals used in imported cashew nuts as supermarkets in these two markets were increasingly stricter in terms of food safety, Hoa said. … [Read more...] about More efforts needed to maintain VN’s leading position in cashew export

Hanoi (VNS/VNA) - For two decades, farmer To Nguyen Ho Hai in the Central Highlands province of Gia Lai grew peppers, enjoying a boon in production. Five years ago, the industry was doing so well, and the price of peppers so high, he more than doubled his investment, increasing from 900 pepper pillars to 2,000.    At the time, farmers took their profits and reinvested with prices hitting as much as 260,000 VND (11.2 USD) per kg at their peak in 2015. Hoang Phuoc Binh, Vice Chairman of the Pepper Association of Gia Lai province’s Chu Se district, recalled the time when peppers were hot in more ways than one.   “Every farmer, every household grew peppers,” he said. “The more profit they earned, the more money they poured in investing in buying land to grow more pepper.” According to Vu Ngoc An, Deputy Director of the provincial Department of Agriculture and Rural Development, when people saw households making profits of up to 500 million … [Read more...] about Quality key to pepper growth, not quantity

According to the HCMC Department of Construction, the current housing area per capita is 19.91m² per person. Yet with rising prices, especially a 15-20 percent increase in condominiums, a large proportion of low-income people still have to live in cramped and old apartments. … [Read more...] about Supply and demand for housing still imbalance