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Vietnam forgoes US$536.83 million tax under FTA commitments

· December 14, 2019 ·

The contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and 16.7% in 2019. Vietnam’s tax foregone under commitments to free trade agreements (FTAs) hit VND13 trillion (US$536.83 million) in the first 11 months of 2019, according to Le Manh Hung, deputy head of the Import – Export Tax Department of the General Department of Vietnam Customs (GDVC).  In the first 11 months of 2019, Vietnam imported 110,000 cars, nearly doubling the amount recorded in the same period last year.  The amount of tax forgone under FTA commitments to date is estimated at VND29 trillion (US$1.25 billion), Hung said at a press conference held by the Ministry of Finance (MoF) on December 12. The amount was due to a reduction of import tariffs for goods, Hung explained, saying the contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and … [Read more...] about Vietnam forgoes US$536.83 million tax under FTA commitments

Filed Under: business Vietnam, tax forgone, FTAs, EVFTA, CPTPP, commitments, MoF, ministry of Finance, cars import, Thailand, Indonesia, vietnam tax system, vietnam tax calculator, vietnam tax authority website, vietnam property tax, vietnam capital gains tax, vietnam import tax, vietnam import tax rate

San Diu ethnic people in Vietnam’s northern midlands and mountainous areas

· December 14, 2019 ·

San Diu women in their traditional clothes. (Photo: vietnam.vnanet.vn) Traditionally, San Diu ethnic women make their own clothes. A piece of traditional clothing often takes  several months to complete. Diep Thi Vong from Vinh Phuc province is one of a few San Diu women keeping the tradition of making her own clothes and teaches the younger generation how to weave and embroider. “My grandmother and mother used to make their own clothes. They taught me and even sent me to a weaving class to learn how to make San Diu traditional clothes. A San Diu woman was required to make what she wore on her first day of marriage,” Mrs. Vong said. San Diu women often layer their clothes — a traditional white top inside and an indigo black light jacket outside. Young women secure their jacket with a green or red belt, right side over left  while older women do it the other way around. The highlight of the San Diu’s traditional women’s clothes is … [Read more...] about San Diu ethnic people in Vietnam’s northern midlands and mountainous areas

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Vietnam’s Doan Van Hau publicly honored at Dutch club’s stadium for SEA Games gold medal

· December 14, 2019 ·

Vietnam international Doan Van Hau, who currently plays for SC Heerenveen in the Netherlands’ top-flight league, was honored by the Dutch side in a short ceremony at their home stadium on Friday for winning the 2019 Southeast Asian (SEA) Games gold medal. Hau scored twice in the finale of men’s football at the Games in the Philippines earlier this week to help the junior Golden Dragons defeat Indonesia 3-0 and clinch their first-ever SEA Games gold medal in the category. Upon his return to SC Heerenveen, the club spent a decent amount of time preceding their home game against Willem II paying tribute to the 20-year-old defender for his achievements with the junior national team. Gerry Hamstra, director of football of the Dutch club, gifted Hau a bouquet in the flashes of cameras capturing the moment. At the same time, the big screen at SC Heerenveen’s home stadium of Abe Lenstra Stadion played the goals the Vietnamese scored in the finale. Video of Vietnam's Doan Van … [Read more...] about Vietnam’s Doan Van Hau publicly honored at Dutch club’s stadium for SEA Games gold medal

Filed Under: Uncategorized Doan Van Hau is the first-ever Vietnamese footballer to play in the Netherlands, TTNTAG tribute, TTNTAG honor, TTNTAG gold medal, TTNTAG men's football, TTNTAG SEA Games 2019, TTNTAG Doan Van Hau, gold club casino, gold medal plumbing, buy gold for games, congressional medal of honor, gold medal, presidential medal of honor, gold medal products, congressional gold medal, stadium club, olympic gold medal, gold medals, club gold, gold medals olympics, sea games 2015, sea games basketball, south china sea vietnam, gold medal wine club, gold medal pools, gold medal swim, gold medal swimmer, Gold Medal Game, Dutch club, honors club, gold medal fitness, nine gold medals, doan duong van, doan van tieng anh

75th anniversary of Vietnam’s People Army marked in Laos

· December 14, 2019 ·

An art performance at the event (Photo: VNA) Vientiane (VNA) – The Vietnamese Embassy and Defence Attaché Agency in Laos held a ceremony in Vientiane on December 13 to celebrate the 75th founding anniversary of the Vietnam People’s Army (VPA) and the 30th All-People’s Defence Festival (December 22). Colonel Tao Van Thai, Vietnamese Defence Attaché to Laos, reviewed the history of the VPA and said Vietnam’s defence diplomacy has been constantly developed and expanded, notably the country’s participation in ASEAN Defence Ministers Meeting (ADMM) Plus meetings. Vietnam has also actively contributed to promoting international cooperation in addressing regional security challenges for peace, stability and development, he added. From 2014, Vietnam has sent forces to join the United Nations peacekeeping activities in South Sudan and the Central African Republic. Since October 2018, the country has twice dispatched second field … [Read more...] about 75th anniversary of Vietnam’s People Army marked in Laos

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Vietnam wants to sustain ASEAN resilience to global challenges: Deputy FM

· December 14, 2019 ·

At a ceremony to hand over the ASEAN Chair to Vietnam (Photo: VNA) Hanoi (VNA) – Vietnam attaches much importance to its role as the ASEAN Chair 2020, and wishes to build a strong ASEAN Community which is resilient to regional and global challenges, Deputy Minister of Foreign Affairs Nguyen Quoc Dung has said. Briefing nearly 70 foreign ambassadors and representatives from embassies of ASEAN member states and ASEAN’s development partners at a conference in Hanoi, Dung, who is also Secretary General of the National ASEAN 2020 Committee, affirmed joining ASEAN’s activities is among the priorities in Vietnam’s foreign policy, and the country will spare no efforts to successfully act as the ASEAN Chair 2020. Vietnam has selected the theme “Cohesive and Responsive” for ASEAN 2020, he said, holding the two elements are interdependent and complimentary to each other. He laid stress on five priorities of Vietnam’s ASEAN Chairmanship Year, … [Read more...] about Vietnam wants to sustain ASEAN resilience to global challenges: Deputy FM

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