Income tax payable balance sheet

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

The overseas remittance volume to Vietnam last year was almost 110-fold compared to that in 1993, the first year such information in the country was notified. Since 1993, Vietnam received around $182.65 billion worth in total inward remittance, averaging $7.084 billion annually. … [Read more...] about Prospects remain bright over dented remittance inflows

Women are the hardest hit, yet again Globally, women are overrepresented in the low-paid precarious professions that have been hardest hit by the pandemic. If women were represented at the same rate as men in these sectors, 112 million women would no longer be at high risk of losing their incomes or jobs. Women also make up roughly 70 per cent of the global health and social care workforce − essential but often poorly paid jobs that put them at greater risk from COVID-19. … [Read more...] about Wealth inequaity increases after COVID-19

We think of Vietnam as nothing but a zillion motorbikes but even going out a few blocks from main urban areas shows the difference. A bicycle is cheap, easy to lock away, and can be fixed anyway. No license is needed and it is capable of carrying almost anything that the tires and rider can manage. It’s not just going to work or school either – one shock I had was learning that many construction workers still carry all their tools to their workplace on a bike in Hoi An. Want to lose kilos off your waist? Try riding a bicycle in a raincoat. The humidity is like a sauna. … [Read more...] about It’s all just a ride in Vietnam

In another case, Nam Dinh Department of Planning and Investment (DPI), also beset by natural disasters, has also advanced the province’s plan on integrating DRR-CCA into its SDP 2021-2025. Under the plan, the provincial People’s Committee enacted a directive which must be integrated with DRR-CCA. At that point, the DPI promulgates a related guideline. After that, the plan will be discussed with comments from the Ministry of Planning and Investment. Thereafter it will be submitted to the committee before being implemented by districts which will have to make their own plans of the types including DRR-CCA integration. … [Read more...] about Equipping localities in climate fight