How many years to keep tax records

However, the institute has also pointed out some disadvantages of this type of power. The biggest problem is the high investment rate required, about $6,000 per kwh. There are requirements to cope with risks such as tsunamis and terrorism. … [Read more...] about Nuclear power not under consideration for Vietnam at least for 10 more years

Industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels. Meanwhile, auctions and granting of land use and rental improved revenue collection in the last quarter of 2020, while ample liquidity continued to lower the Government’s borrowing cost in the domestic market. … [Read more...] about Vietnam eyes strong recovery from pandemic this year

Profits come from service diversification Looking at the profit results of the four State-owned commercial banks (Big 4), Vietcombank had a pre-tax profit of nearly VND23.1 trillion (approximately US$1 billion) - the highest level in the banking system, helping the lender to be in the list of 200 groups with the highest profit in the world. Vietcombank's credit growth in 2020 was higher than the general growth rate of the banking system, at 14 percent. This is also the highest credit growth ever of this lender and the highest in the banking industry. The pre-tax profit of Vietinbank also reached VND16.45 trillion, up 43.5 percent over the previous year due to good credit growth. The recent report of Agribank shows that not only did the business results continue to improve, Agribank's administrative costs in 2020 were also being cut by 10 percent, helping the bank's pre-tax profit to touch nearly VND12.87 trillion, VND369 billion, or approximately 3 percent, higher than the plan. It … [Read more...] about Banks continue to lower interest rates further to support economic growth

“While applications of 4IR technologies will help the country move up the value chain in products and services, Vietnam should consider new approaches to ensure inclusion and social protection for entry-level workers, especially those at risk of job displacement, and those who need upskilling,” said Andrew Jeffries, country director for Vietnam of ADB. “Adequate and timely investments in skills development can help the country not only to harness the potential of 4IR to increase productivity but also ensure that 4IR will benefit workers at large.” … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

Prime Minister Nguyen Xuan Phuc paid a visit to the Vietnam Association for Victims of Agent Orange/dioxin (VAVA) on January 20, during which he praised the efforts, activeness and creativity of the association at all levels in protecting the legitimate rights of Agent Orange/dioxin (AO) victims as well as caring and supporting them. … [Read more...] about VIETNAM NEWS JANUARY 21