Graduated income tax history

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

Prospects remain bright over dented remittance inflows Based on forecasts from the World Bank as well as information from commercial banks and organisations working on inward remittance transfer, the inward remittance volume to Vietnam may have reached as much as $15.5 billion in 2020, placing the country ninth among the top 10 inward remittance recipients worldwide. Vietnam averaged a 35.6-per-cent hike a year during 2016-2020 compared to the 2011-2015 period. … [Read more...] about Prospects remain bright over dented remittance inflows

The report shows that COVID-19 has the potential to increase economic inequality in almost every country at once, the first time this has happened since records began over a century ago. Rising inequality means it could take at least 14 times longer for the number of people living in poverty to return to pre-pandemic levels than it took for the fortunes of the top 1,000, mostly white male billionaires, to bounce back. … [Read more...] about Wealth inequaity increases after COVID-19

The effects of AO/Dioxin are seen even in the fourth generation, Reporterre said in its story, and at least 100,000 children are suffering from serious congenital anomalies. This civil trial is not only an individual fight but could also have a significant influence on all victims. It added that whatever the outcome of the trial, there will be an appeal from the chemical giants who cannot afford to lose, or from Nga who has nothing more to lose, it added. Tran To Nga graduated from a Hanoi university in 1966 and became a war correspondent with the Liberation News Agency, now the Vietnam News Agency. She worked in some of the most heavily AO/Dioxin-affected areas in southern Vietnam, such as Cu Chi, Ben Cat, and along the Ho Chi Minh Trail, ultimately experiencing contamination herself. From 1961-1971, US troops sprayed more than 80 million litres of herbicides - 44 million litres of which were AO, containing nearly 370 kg of dioxin - over southern Vietnam. Around 4.8 million … [Read more...] about French media highlight “historic trial” of lawsuit against US AO/Dioxin producers

Major menace Disaster and climate challenges have become a top priority for policymakers in Vietnam. This is evidenced in national and sector strategies, and these challenges are identified as one of the key pillars of the new national development plan for the next decade. For example, the government adopted the National Climate Change Strategy in 2011 and the Vietnam Green Growth Strategy in 2012, which lay out a vision through to 2050. In addition, the government adopted the Support Programme to Respond to Climate Change for 2016-2020 that supported policy reform, capacity building, and increased investment for prioritised climate change and green growth actions in key sectors, including energy, transport, forestry, and water resource management. … [Read more...] about Equipping localities in climate fight