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
Income tax return definition
Prospects remain bright over dented remittance inflows
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
Wealth inequaity increases after COVID-19
“The fight against inequality must be at the heart of economic rescue and recovery efforts. Governments must ensure everyone has access to a COVID-19 vaccine and financial support if they lose their job. They must invest in public services and low carbon sectors to create millions of new jobs and ensure everyone has access to a decent education, health, and social care, and they must ensure the richest individuals and corporations contribute their fair share of tax to pay for it," she said . “These measures must not be band-aid solutions for desperate times but a ‘new normal’ in economies that work for the benefit of all people.” … [Read more...] about Wealth inequaity increases after COVID-19
Equipping localities in climate fight
Results showed that so far, about 270 delegates from these provinces have partaken in the events including 300 key planners participating in workshops, and 60 people participating in consultation process – with 30 per cent being women. They are representatives from province, district, and commune levels. “Participants have been equipped with knowledge about impacts of disasters and climate change on all sectors of their localities. Especially, they understand that it is necessary to boost the integration of DRR-CCA in their localities’ SDPs,” stated a report from the Project Management Unit. … [Read more...] about Equipping localities in climate fight
Vietnamese firms told to be ready for legal challenges when exporting to US
Vietnamese enterprises must be well prepared for legal issues if they seek to export to the US market, a seminar heard in HCM City last week. Tran Phu Lu, deputy director of the Investment and Trade Promotion Centre of HCM City (ITPC), said the US is Viet Nam’s largest export market and major items include seafood, textiles, footwear, and farm produce. … [Read more...] about Vietnamese firms told to be ready for legal challenges when exporting to US
