Game publishers began seeing the potential of an undiscovered entertainment market and massively imported foreign games for domestic release. At that time, the shorter the release and the shorter the payback time, the faster the game and the market share expanded. Subtracting expenses such as royalties, revenue sharing, commissions, marketing and operations, the game service providers could still keep about 15-35% of the pre-tax revenue. … [Read more...] about Online game industry: VN still imports games after more than 15 years
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“The expansion of tax break beneficiaries would amplify the loss of 2020 state budget collection from VND15.84 trillion [$682.4 million] to roughly VND23 trillion [$990.87 million],” the NA Standing Committee, which appraised the plan, said in a statement. … [Read more...] about Vietnamese legislature ratifies 30% corporate income tax cut in 2020 for SMEs
However, besides such achievements, there have been some limitations. Specifically, the speed of equitisation remains slow as compared to the initial plan. Under the list already approved by the prime minister in Document No.991/TTg-DMDN dated July 10, 2017 on adopting the list of SOEs that must complete annual equitisation for the 2017-2020 period, only 28.3 per cent of the plan has been completed. The prime minister in 2014 also enacted Decision No.26/2014/QD-TTg approving a list of businesses with equitisation by the end of 2020. … [Read more...] about How to drive the economy by reforming state-owned debt
The U.S. Centers for Disease Control and Prevention (CDC) will open a regional office in Hanoi to increase its public health engagement in Southeast Asia, the U.S. Department of State (DOS) announced after an online ministerial meeting with the members of the Association of Southeast Asian Nations hosted by Vietnam on Thursday. … [Read more...] about US CDC to open Southeast Asian office in Hanoi: State Dept.
"With its wide network over the world, the MPI hopes Standard Chartered Bank can strengthen linkages among investors and encourage more MNCs to invest in the country, as well as support Vietnam in building specialised centres like the National Innovation Centre and the International Finance Centre, which will drive growth in the time coming," he added. … [Read more...] about Standard Chartered online forum highlights Vietnam as rising star in FDI