After Vietnam's tax authorities enhanced the collection of taxes from traders on digital platforms, including social networks and e-commerce sites, many traders are seeking ways to avoid paying them or pass the buck to buyers. Shopping on websites, e-commerce platforms, and social networks is a national trend. E-commerce has boomed in Vietnam with revenue of some US$13.7 billion in 2021. The figure is forecast to reach $39 billion by 2025. However, the tax revenue from this sector has not risen commensurately its growth. Multiple tricks to avoid taxes Minh Thu, living in Thu Duc City, a district-level city in Ho Chi Minh City, said after ordering a pair of shoes from an online trader on Facebook, she was surprised as the trader announced that from August 1, customers must make payments in advance and the trader will not offer the cash-on-delivery (COD) service as earlier. Money transfer descriptions must not include the words 'buy' or 'sell,' but Facebook or Zalo … [Read more...] about In Vietnam, online vendors seek ways to avoid taxes
Vietnam communist party general secretary
Four subsidiaries of PetroVietnam named in Forbes Vietnam’s list of top 50 listed firms
Representative from PetroVietnam Camau Fertilizer JSC receives insignia as one of top 50 listed firms in Vietnam in 2022. Hanoi (VNA) – Four member companies of the Vietnam Oil and Gas Group (PetroVietnam) have been named in the list of the top 50 listed firms in Vietnam in 2022 compiled by Forbes Vietnam . They are Petrovietnam Gas Corporation (PV Gas), PetroVietnam General Service Joint Stock Corporation (Petrosetco), PetroVietnam Fertilizer and Chemicals Joint Stock Corporation (PVFCCo), and PetroVietnam Camau Fertilizer JSC. PV Gas is at the ninth place in the list this year. This is the 10th consecutive year that the company has been honoured in the list. The company posted record revenue and profit in the first six months this year, with net turnover at 54.342 trillion VND (2.32 billion USD at current exchange rate), up 35% year on year and after-tax profit at 8.637 trillion VND, up 98% year on year. In the period, PV Gas produced and supplied more than 1 billion … [Read more...] about Four subsidiaries of PetroVietnam named in Forbes Vietnam’s list of top 50 listed firms
Programme links strength of Vietnam’s tourism
An overview of the programme (Photo: VNA) HCM City (VNA) – A programme linking the strength of Vietnam’s tourism opened in Ho Chi Minh City on August 8, seeking ways to gain international tourism growth and comprehensive recovery of Vietnam’s tourism. The two-day event is jointly held by the Vietnam Tourism Association, the Tourism Association of Ho Chi Minh City, and the Vietnam National Administration of Tourism. Nguyen Thi Khanh, President of Ho Chi Minh City ’s Tourism Association, said that at present, domestic tourism is gradually recovering with positive results, but international tourism, both inbound and outbound, has not recovered as expected. Therefore, in addition to trading activities between units in the tourism industry, the programme also has activities to introduce new products and services of localities and businesses around the country. Organisers said that they will organise tours to destinations in Ho Chi Minh City and other southern localities … [Read more...] about Programme links strength of Vietnam’s tourism
Spain recognizes Vietnam’s new passport
Vietnamese, who wish to apply for visas, need to bring their new passports and identity cards to verify their place of birth. Spain has recognized that Vietnam's newly issued blue-violet passport includes necessary information required by international regulations, the Spanish Embassy in Hanoi announced on August 8. The notice said the latest move was taken after technical consultation by the Spanish authorities. “However, people who wish to apply for a visa need to bring their new passports and valid identity cards to verify their place of birth,” the Spanish Embassy noted. Spain was the second country to grant visas to holders of the new Vietnamese passport, after Germany. Photo: VGP It also warned that visa granted by Spain to bearers of Vietnam's new passport would not allow their entry into countries that have not accepted the redesigned passport, even if those countries are Schengen members. Therefore, the embassy recommended that visa … [Read more...] about Spain recognizes Vietnam’s new passport
Vietnam’s peacekeepers install security fencing in Abu Qussa
The installation of a 380m-long metal security fencing around a UNISFA military observation station in Abu Qussas is performed by 17 officers. (Photo: Engineering Unit Rotation 1 ) Hanoi (VNA) – Vietnam’s Engineering Unit Rotation 1 at the UN Interim Security Force for Abyei (UNISFA) has completed installing a 380m-long metal security fencing around a UNISFA military observation station in Abu Qussa on the border between South Sudan and Sudan. The fencing, made from 127 Y-shaped and 126 I-shaped columns, lies about 500km away from the unit’s position. The observation station was placed here to monitor how concerned parties observe peace agreements along the border. As the Vietnamese unit boasted an efficient approach and close coordination with others of the mission and worked on weekends, the installation had been finished after 14 days, six days ahead the initial plan. The fencing is made from 127 Y-shaped and 126 I-shaped columns. (Photo: Engineering Unit … [Read more...] about Vietnam’s peacekeepers install security fencing in Abu Qussa
☕ Afternoon briefing on August 8
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 8. - Prime Minister Pham Minh Chinh on August 8 described digital transformation as an important tool for the building of an independent and self-reliant economy and the extensive and effective integration into the world. He made the remark while chairing the third meeting of the National Committee on Digital Transformation in Hanoi. Read full story - Issues in the areas of public security and culture, sports and tourism will be the focus of the upcoming question-and-answer session of the 15th National Assembly (NA)’s 14th session on August 10, according to a freshly-released plan of the NA Standing Committee. Read full story - A delegation of the Royal Cambodian Armed Forces (RCAF) led by Lt. Gen. Hun Manet, Deputy Commander-in-Chief of the RCAF and Commander of the Royal Cambodian Army, is making an official visit to Vietnam. Following an official welcome … [Read more...] about ☕ Afternoon briefing on August 8
THACO determined to turn Emart into leading supermarket chain in Viet Nam
Emart Go Vap in HCM City. THACO wants to turn Emart into a leading supermarket chain in Viet Nam. — Photo courtesy of THACO Emart Vietnam plans to open two hypermarkets in HCM City this year, one in Thu Duc City’s Thu Thiem area in October and the other in Go Vap District in December. Chun Byung Ki, general director of THISO Retail, revealed this information at the 2022 Emart Partners Day in HCM City on August 5, which was attended by more than 500 suppliers, saying the chain aims to have 20 stores across the country and revenues of US$1 billion by 2026 to become the hypermarket chain with a largest market share. Emart Sala Thu Thiem will spread over an area of more than 6,000sq.m inside THISO Mall in Thu Duc City. With its outstanding facilities, Emart Sala Thu Thiem will seek to provide modern and differentiated shopping experiences to customers living in high-end residential areas and their neighbourhoods. Emart Phan Huy Ich in Go Vap District will be located at the … [Read more...] about THACO determined to turn Emart into leading supermarket chain in Viet Nam
55 years of ASEAN: One Vision, One Identity, One Community
Minister of Foreign Affairs Bui Thanh Son (Photo: VNA) Hanoi (VNA) - Minister of Foreign Affairs Bui Thanh Son wrote an article entitled ’55 years of ASEAN: One Vision, One Identity, One Community’ on the 55th anniversary of the Association of Southeast Asian Nations (ASEAN) (August 8, 1967-2022). Following is the full text of the article: “On August 8, 1967, the Association of Southeast Asian Nations (ASEAN) was established, initiating the process of extensive integration for the sake of peace, stability, and development in Southeast Asia and the region. From a group of Southeast Asian nations divided by wars, after 55 years of growth, ASEAN is today one of the most important, reputable, and successful regional organisations in the world, a ‘common home’ for 650 million people in 10 Southeast Asian countries with diverse culture, the fifth largest economic community in the world, and an important and reliable partner of many countries in the world, and an organisation that … [Read more...] about 55 years of ASEAN: One Vision, One Identity, One Community
People and businesses urged to take part in the digitalization: PM
Digitalization is seen as a major instrument for Vietnam to promote an independent and self-reliant economy. Businesses and people should be the main beneficiaries and the driving force for the national digital transformation, so the Government encourages them to take an active part in this process. Prime Minister Pham Minh Chinh at the meeting. Source: VGP Prime Minister Pham Minh Chinh stressed the goal during a meeting of the National Committee on Digitalization today [August 8]. According to Chinh, efforts from Government agencies and localities have been translated into strong progress in Vietnam’s digitalization and contributed to the socio-economic recovery. The prime minister, however, pointed to the incompleted legal environment as the reason hampering the digitalization process, while a lack of investment in digital infrastructure, including the mobile and fixed broadband internet speeds behind the world average, means it has failed to create … [Read more...] about People and businesses urged to take part in the digitalization: PM
Viettel Telecom introduces tracking device vTag
Viettel Telecom launches tracking device vTag to help customers locate and monitor children, valuable objects and personal items. (Photo courtesy of Viettel) HCM City (VNS/VNA) - Viettel Telecom has officially launched a tracking device called vTag, which Viettel hopes can compete with Apple's AirTag. The device has features such as real-time positioning , travel history, SOS alert, a warning when leaving preset zones (Geo-fencing), and is water/dust resistance as per IP67 standard. vTag is a tracking device that uses the technologies of NB-IoT and GSM to locate and monitor children, valuable objects and personal items. Nguyen Trong Tinh, Deputy General Director of Viettel Telecom , said that vTag uses GPS satellite technology and mobile signals to help track objects. The device is compact and designed in a hook-and-loop case which can be worn around the neck, attached to objects or combined with a case or a silicone strap to wear on the wrist. Designed to … [Read more...] about Viettel Telecom introduces tracking device vTag