Self employment income tax rate

However, the fierce competition with imported vehicles, especially those from other member countries of the Association of Southeast Asian Nations (ASEAN) such as Thailand and Indonesia as well as members of free trade agreements which Vietnam has joined will boost Vietnam’s auto import revenue. … [Read more...] about Customers to be centre of auto industry

When it comes to foreign exchange, Vietnam has enjoyed a surplus since 2016. This marks a difference from 2015 and the 2007-2011 period (when the dong depreciated quickly). Notably, the surplus in balance of payments comes from both current account and capital account. Vietnam’s overall balance of payments is expected to continue its high surplus in 2020 due mainly to trade surplus, FDI inflows and stable remittances. The pressure piled on foreign exchange rate, if any, comes principally from the weakening of the Chinese yuan as well as other currencies of emerging economies, and may enfeeble the competitiveness of Vietnam’s exports. However, the risk of being included in the U.S. lists of “currency manipulators” is substantial enough to prompt the central bank to take extreme caution when depreciating the dong. The domestic currency is forecast to lose at most 2% of its value this year. … [Read more...] about Not too many macro fluctuations expected for 2020

The Labor unions of Thu Duc District, and industrial and processing zones in HCMC present Tet gifts to workers who can not return home on Tet. … [Read more...] about Bringing warm Tet to the poor

Hanoi, (VNA) – The northern border defence war in 1979 has demonstrated Vietnam’s strength and intelligence in critical situations. The art of command during that war is analysed in an article by Associate Professor and Doctor Ho Khang, former deputy director of the Vietnam Military History Institute. In early 1979, when the Vietnam People’s Army toppled the reactionary Pol Pot regime in Cambodia and helped the Cambodian people escape from genocide, the Chinese Government joined some Western countries in launching propaganda campaigns distorting the presence of the Vietnamese voluntary troops in Cambodia, with the aim of sabotaging Vietnam’s revolution and imposing its interest on the Indochina peninsula. As both political and diplomatic pressure failed to produce the desired goal, Chinese leaders mobilized around 600,000 troops along with hundreds of tanks and armoured vehicles to open a direct attack on February 17, 1979 on Vietnam along the full length of … [Read more...] about Art of command in 1979 northern border defence war

“The dong remained one of the most stable currencies in the region despite geopolitical uncertainties and economic events at home and abroad,” said Ngo Dang Khoa, country director of foreign exchange and capital market at HSBC Vietnam. “The exchange rate between the U.S dollar and the dong stayed almost unchanged throughout most of 2019, and the dong even appreciated against the greenback when the State Bank of Vietnam (SBV) took the initiative to lower the buying price in late November.” … [Read more...] about Peacetime in sight for the dong