Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Tax on house rent
Vietnamese rice imported by Vinamex is sold at the Carrefour supermarket in Brussels. Fragrant rice has been consumed in large quantities in Europe for a number of years, but not much has been Vietnamese. Rice from Vietnam has been subject to a relatively high import tax of 5% to 45%, depending on the variety. There are even some EU countries that impose an import tax on Vietnamese rice of up to 100% or higher. Under the EVFTA, the tax rate on rice is 0%, and if Vietnam makes good use of the opportunity to export its 80,000-ton quota then export turnover could quadruple compared to the present figure. … [Read more...] about Vietnamese agricultural products given opportunity to enter Europe
"Every year's the same, whenever it rains, it floods. The water will recede in a few days. Every time it floods, the whole neighborhood has to take time off work, clothes and vehicles are damaged by the water too, which is costly," said Duong Tau Huong, 49, from Tra Vinh Province, who has worked in Saigon over the past four years. … [Read more...] about Saigon neighborhood still afloat days after heavy rains
According to Euromonitor, tea and coffee chains in Vietnam have revenue of $1 billion a year, but mid- and high-end chains only make up 15-20 percent. According to Euromonitor, tea and coffee chains in Vietnam have revenue of $1 billion a year, but mid- and high-end chains only make up 15-20 percent. … [Read more...] about High-end brands target mid, low-end market to offset revenue losses