G7 finance ministers meeting 2017

The National Assembly (NA) will discuss the VAT reduction from the existing 10 per cent rate to 8 per cent on June 1 before receiving an approval from NA deputies in a resolution slated for June 24, the last day of the ongoing fifth session. The VAT cut proposed by the government is set to be applied from July 1 to the end of 2023 for all types of goods and services currently subject to a 10 per cent VAT rate. The initiative is part of Resolution No.43/2022/QH15 released early last year on fiscal and monetary policies supporting the Programme on Socioeconomic Recovery and Development. Consumers of many types can benefit from VAT cuts, photo Le Toan Under Resolution 43, the 2 per cent cut was applied last year for goods and services subject to a 10 per cent rate, except for various goods and services such as telecommunications, IT, financial and banking activities, securities and insurance, trading of real estate, metal and precast metal products, mining products … [Read more...] about Support to continue in form of VAT cut

The government last week reported that under its latest calculations, the state budget revenue last year hit about VND1.815 quadrillion ($78.93 billion), which is VND201.4 trillion ($8.75 billion) or 12.5 per cent higher than a previously reported figure. “The revenue has sufficiently met all tasks on expenditures for development investment, social security, salary reform, and other necessary tasks,” the government stated. Budget estimate shortcomings require modern fix Such a revenue increase was thanks to a rise in many items, with enterprises performing relatively well despite massive difficulties. For example, the economy’s most updated export turnover last year reached $371.3 billion, higher than the $368 billion earlier reported to the National Assembly – with the exact trade surplus of more than $12.4 billion, far higher than the only $1 billion earlier reported to the legislative body. However, the National Assembly Economic Committee (NAEC) found that the … [Read more...] about Budget estimate shortcomings require modern fix

But that was 10 years ago, before she met Hoang Son in 2018. He helped her realize that "being oversized is a unique advantage," she said. "I had probably been hurt too much, and Son came to compensate," the 30-year-old woman said of her now-boyfriend. Quynh and Son at a cafe in Ho Chi Minh City in 2022. Photo courtesy of Quynh Before meeting Son, Quynh believed that she had an "overweight" body. Her height was 1.6 meters, while her weight was 58 kilograms, about 10 kilograms more than the average weight of her peers. She was turned down for jobs many times because companies said she had an "underqualified appearance." But what hurt Quynh most was when her boyfriend of eight years told her to lose weight. "Everyone around me made me feel like I’m ugly. I tried to lose weight like my ex wanted me too, and I didn’t dare wear things he didn’t find eye-catching," she recalled. She also skipped meals and over-exercised. "Still, after all the effort I put in, … [Read more...] about Love changes oversize model’s life

Border guards of Ca Mau province examine a fishing vessel. (Photo: VNA) HCM City (VNA) – In efforts to persuade the European Commission to lift the “yellow card” warning, localities in the Mekong Delta have been taking strong and concerted measures to eradicate illegal, unreported and unregulated (IUU) fishing and help the fisheries sector develop sustainably. In Soc Trang province, the Sub-department of Fisheries said it has coordinated with the provincial Department of Information and Communications to step up checking vessel monitoring systems (VMS) installed on fishing boats and asked VMS suppliers to make timely repair if there are any breakdowns. So far, all fishing vessels over 15m long in Soc Trang have been equipped with smoothly operating VMS. The province’s Border Guard Command has also ordered local border guard posts to intensify the dissemination of the 2017 Law on Fisheries and others to fishermen. As a result, 368 vessels operating in deep-sea … [Read more...] about Localities in Mekong Delta augment efforts against IUU fishing

Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US in 2022. (Photo: VNA) Hanoi (VNA) – The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius , President and CEO of the US - ASEAN Business Council ( USABC ). In an interview granted to the Vietnam News Agency ahead of the 10th anniversary of the two countries’ comprehensive partnership (July 2013 - 2023), the former US Ambassador to Vietnam said trade and investment play a big role in this relationship. The US is Vietnam’s second largest trading partner and biggest export destination. In 2022, bilateral trade reached a record high of 138.9 billion USD. Vietnam was the 8th largest trade partner and the largest ASEAN exporter of the US. The US was the biggest export market of Vietnam last year. Vietnam’s annual export to … [Read more...] about Current trends guarantee big growth in Vietnam – US trade, investment: USABC leader

Customs officials checks the transportation of goods at Huu Nghi International Border Gate via a digital border gate platform. — VNA/VNS Photo Anh Tuan Smart border gate control should be launched to prevent congestion and facilitate cross-border trade in farm products between Viet Nam and China. The proposal was raised at the working session between Viet Nam Ministry of Agriculture and Rural Development and China’s Guangxi Province on Tuesday on measures to promote the trade exchange of farm produce between the two countries. Guangxi was the largest gateway for agricultural exports from Viet Nam to China. Statistics of the China Customs showed that around US$350.4 million worth of agricultural products was imported to China via border gates with Guangxi Province in the first four months of this year, accounting for 19.7 per cent of Viet Nam’s total agricultural exports to China. According to Nanning Customs, the peak harvest seasons for fruits such as durian and mango are … [Read more...] about Smart border gate control proposed to facilitate trade of farm produce with China