Mof gov il taxes

The Government Office last week issued Dispatch No.4648/VPCP-KTTH to the Ministry of Finance (MoF) requiring it to continue proposing a reduction of taxes and fees related to fuel and consumption, especially those that can cause an increase in input costs for production and business. Rough waters remain in fuel price pressure “This aims to help reduce costs and selling prices of products in service of exports, production, and business, contributing to controlling inflation and supporting the government’s monetary policy in the short and medium term,” the dispatch stated. The MoF has also proposed to the government a plan to halve the preferential import tax for petrol and oil from the existing 20 to 10 per cent, in order to help reduce the prices of these items in the local market. Meanwhile, the Vietnamese government has also submitted to the National Assembly a plan on reducing the special consumption tax and VAT for October. According to the General Statistics … [Read more...] about Rough waters remain in fuel price pressure

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

At a meeting with the leader of the southern province of Binh Duong last week, chairman of Sharp Corporation Yoshihiro Hashimoto revealed an expansion plan in the locality. Investors already with factories in the country are demonstrating that they trust the business climate here, Photo: Le Toan Sharp Group is exploring opportunities in the southern provinces of Vietnam, including Binh Duong, to move the supply chain away from the Chinese market, promoting market diversification and distribution, according to Hashimoto. “In the coming time, Sharp will continue to expand and build one more large-scale factory, oriented to develop high-tech and advanced products,” he said. Binh Duong is assessed as a locality with an attractive investment environment, in line with Sharp’s criteria. The group has two production factories located in Vietnam, at Singapore Industrial Park (VSIP) I and an extended VSIP II. Sharp hopes to be supported in construction land, labour, and … [Read more...] about New foreign capital stutters despite overall deal boost

Participants at the program called People Ask - Government Answers The Deputy Director made the state at a program called People Ask - Government Answers with the topic ‘Reform of administrative procedures in the field of administrative law in the field of administrative law" land and construction sector’ organized by the People's Council in Ho Chi Minh City in collaboration with the Television Station and the Department of Information and Communications with the participation of Nguyen Thi Le, Chairwoman of the municipal People's Council. During the program, voters posed many problems for delegates and guests. Specifically, voter Tran Viet Trung in Thu Duc City said that people who go to administrative procedures for land are looking forward to knowing how their dossiers have been handled. In fact, some state agencies make an appointment to return the land records but they didn’t write a detailed date. Meanwhile, voter Nguyen Dinh Tue from the HCMC Union of Business … [Read more...] about HCMC to digitize land records to create shared data for all districts

Vietjet aircraft (Photo courtesy of Vietjet) HCM City (VNA) - Beginning the exciting autumn season in August, Vietjet offers an attractive promotion programme "Double day, great sale, comfortable flight" not to be missed. From 0:00 on August 8 , 2022 to 24:00 on August 10, 2022, Vietjet opens sales 888,888 promotional tickets with a discount up to 88% on all domestic and international routes. Accordingly, customers when booking Eco tickets at website www.vietjetair.com, Vietjet Air mobile app, Facebook at www.facebook.com/vietjetvietnam (the "Booking" section) can immediately use the promotion code VIETJET88 to receive up to 88% discount on fares, excluding taxes and fees. Promotional tickets are applied to all domestic routes across Vietnam and international destinations imbued with cultural identity, paradises of relaxation and shopping, as well as having exciting experiences in India, South Korea, Japan, Indonesia (Bali), Thailand, Singapore, Malaysia... with … [Read more...] about Vietjet offers 888,888 tickets with discount up to 88%

Nguyen cited "personal reasons" for the decision. His resignation Wednesday came two weeks before the company’s annual general meeting. He became a BOS director in 2019 but does not own any shares in the company. In July, he was appointed FLC chairman, three months after his brother-in-law and ex-chairman Trinh Van Quyet was arrested for allegedly manipulating the stock market. BOS’s former legal representative, chairwoman Huong Tran Kieu Dung, was arrested along with Quyet. BOS' revenues and pre-tax profits are set to increase by 10.6 and 10.8 percent year-on-year to VND104 billion and VND41 billion this year, respectively. … [Read more...] about FLC’s new chairman resigns as director of securities subsidiary

Scores of businesses have already unveiled their second-quarter business results, with many showing healthy figures. In the first half of this year, Hang Xanh Motors Service JSC (Haxaco) reaped $7.5 million in pre-tax profit, soaring 134 per cent on-year. This year, the company aims to reach $9.2 million in its profit-before-tax target, meaning it has completed 81 per cent after just six months. Haxaco’s board chairman Do Tien Dung unveiled that the company is committed to fulfilling its profit target in only nine months. However, Dung is cautious saying that the auto trade relies heavily on macro factors like fuel price, inflation, and interest rates. Haxaco is confident in reaching its full-year business targets early The auto industry is facing many challenges as customers find it harder to borrow after the central bank declined to loosen credit limits for banks and the scarcity of auto components continues. “Haxaco avoids heavy reliance on bank capital … [Read more...] about Businesses remain optimistic for remainder of the year