Farmers have their meal at a site of a protest against the newly passed farm bills at Singhu border near Delhi, India, November 28, 2020. Photo: Reuters But many small growers worry they will be left vulnerable to big business and could eventually lose the price supports for key staples such as wheat and rice. … [Read more...] about Thousands of protesting farmers and police face-off at New Delhi border
Glasgow wholesale fruit vegetable and flower market
Mr. Nguyen Duc Hien, Deputy Head of the Central Economic Committee, said that over the past ten years, urbanization and urban development in Vietnam had seen rapid growth, promoting the country's economic development and achieving many set targets. The space and number of urban areas have increased rapidly from 33.5 percent in 2010 to nearly 39 percent in 2020. Urban areas were evenly distributed, creating a nuclear driving force for the process of socio-economic development. The urban economy is one of the three pillars of the economy, accounting for more than 7 percent of the country's gross domestic product (GDP). However, urbanization and urban development still show many shortcomings, such as the risk of imbalance in development between urban and rural areas, overloaded infrastructure, and asynchronous connection. Assessing the real estate market recently, Mr. Nguyen Van Sinh, Deputy Minister of Construction, said that the development of the real estate market is not sustainable. … [Read more...] about Urbanization spurs socio-economic development
Customers shop at a jewelry store. The Vietnam Gold Trading Association has proposed the establishment of a gold exchange – PHOTO: VNA HCMC – The Vietnam Gold Trading Association has proposed the establishment of a gold exchange aimed at creating connectivity between global and local gold prices to ensure there is no major price difference and to fight against gold smuggling. … [Read more...] about Establishment of gold exchange proposed
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?
Tax duties closing in for digital services Vietnam’s ability to charge taxes from cross-border platforms may soon improve thanks to the Organisation for Economic Co-operation and Development’s new tax rules, focusing on expanding the country’s taxing rights under international laws. … [Read more...] about New regulation on temporary tax payments worries businesses