Prime Minister Nguyen Xuan Phuc at the sixth GMS Summit “We have been working to meet our commitments to protect intellectual property rights, innovative ideas, and the inventions of startups. We will continue to boost tax policy reforms and corporate income tax will be decreased to 15-17 per cent from the current 20-22 per cent,” stated Prime Minister Nguyen Xuan Phuc at the sixth Greater Mekong Subregion (GMS) Summit. At the summit, the PM said that in 2017, Vietnam continued to maintain one of Asia’s highest economic growths, with inflation controlled at 3.5 per cent. The country’s interest and exchange rates remained stable, trade turnover reached a record $425 billion, and foreign reserves have exceeded $60 billion. According to the World Bank, Vietnam’s Ease of Doing Business Index last year jumped 14 places to stand 68th among 190 economies. The World Economic Forum (WEF) placed Vietnam’s Global Competitiveness Index (GCI) at 55th out of … [Read more...] about PM promises 5-7 per cent corporate income tax cuts at GMS Summit
Human resources chief
Viet Capital Bank and KPMG develop new profitability analysis model
The model aims to provide in-depth analysis of profit under different perspectives The model was developed with all aspects of the banking business taken into consideration, including the allocation of costs from supporting departments to front offices that directly generate revenue. The main objective of this model is to provide in-depth analysis of profits under different perspectives, such as products, customer segments, and business units impacting performance, helping banking leaders make accurate and effective business decisions. KPMG is one of the world’s four largest professional audit, tax, and advisory service firms. With over 25 years of experience in Vietnam, KPMG is the leading brand, having a team of experts who are knowledgeable about banking and finance from both domestic and international perspectives. KPMG consultants have been successfully implementing human resources solutions, as well as financial management and technology solutions for various banks … [Read more...] about Viet Capital Bank and KPMG develop new profitability analysis model
PM urges central, Central Highland regions to promote green growth
He said the meeting aims to collect opinions for the building of the 10-year national socio-economic development strategy for 2021-2030, the five-year socio-economic situation report for 2016-2020, and the five-year socio-economic development plan for 2021-2025 for submission to the congress. At the working session The PM asked the central and Central Highland regions to study an effective regional connection mechanism, review an overall plan on transport development, restructure agriculture, restore the development of the forest economy, forestry-based economy, and develop renewable energy and tourism. He told the regions to build sustainable agricultural production chains and develop road, railway and aviation transport infrastructure. Special attention should be paid to implementing social welfares for ethnic people and contributors to the national revolution, improving human resources training, and ensuring defence security in the areas. The PM held that it is … [Read more...] about PM urges central, Central Highland regions to promote green growth
Thua Thien – Hue urged to boost green, sustainable development
After listening to reports and assessments on the province’s situation, the top legislator recognized the province’s average growth rate of 7.2 percent per annum, which was 6.87 percent in the first half of 2019, higher than the national average of 6.76 percent. National Assembly Chairwoman Nguyen Thi Kim Ngan speaking at the working session Although the province’s economy is still small and its budget revenue remains modest, developed tourism services, with an expansion of 6.37 percent and the tourist number of 2.49 million in the six months, have helped per capita income in Thua Thien - Hue rank fourth in the Central region, after Da Nang city, Khanh Hoa and Binh Thuan provinces. Ngan also spoke highly of Thua Thien - Hue’s performance in ensuring social welfare, expanding health coverage to 98 percent of its population, and protecting the environment, which can been seen through the “Green Sunday” and “Say no to plastic bags … [Read more...] about Thua Thien – Hue urged to boost green, sustainable development
ICFAA 2019: Contemporary issues in accounting, auditing, and finance
ICFAA 2019 was organised under the theme "Contemporary Issues in Accounting, Auditing and Finance” Following the success of the first organisation in 2018, ICFAA 2019 is now an established event, attracting global participants around the world. The aim of the conference is to provide a forum for researchers, practitioners, and educators to present and discuss the most recent innovations, trends, experiences, and concerns in the field of accounting, auditing, and finance. Speaking at this conference, Nguyen Thu Thuy, deputy director general of the Higher Education Department of the Ministry of Education and Training, shared, “Accounting, auditing, and finance have always been a very important sector of the economy, and of the education system as well. This sector has been rapidly changing around the world, together with the changes in technologies and governance structures. The new developments in this area have been serving the competitiveness of the whole … [Read more...] about ICFAA 2019: Contemporary issues in accounting, auditing, and finance