When was corporation tax cut

Corporate income tax will be completely exempted in the first four years and cut by half for the next nine years for emerging tech and science firms in Vietnam, as per a Ministry of Finance circular effective in March. … [Read more...] about Science, tech firms in Vietnam to enjoy 13 years of tax deduction

Nguyen Duc Trung, member of Vinacapital Venture also said that the fund is using overseas capital to invest in innovative startups in Vietnam. The main reason behind this is the interruption stemming from Decree No.38/2018/ND-CP stipulating the requirements for investment in small- and medium-sized enterprises (SMEs) and startups whose scale is under 30 staff members. Specifically, investors are not permitted to invest more than 50 per cent of the company’s charter capital. … [Read more...] about Making startups register business in Vietnam discussed at TECHFEST 2020

One Mount Group is rumoured to have been established by Techcombank, Masan, and Vingroup Elsewhere, Vinfast plans to launch the first electric car in the US in early 2022, and break even with its earnings before interest, tax, depreciation and amortization (EBITDA) in the next five years. … [Read more...] about What’s next for Vingroup? What is One Mount Group?

Billionaires' fortunes rebounded as stock markets recovered despite a continued recession in the economy. Their total wealth hit $11.95 trillion in December 2020, equivalent to G20 governments’ total COVID-19 recovery spending. The road to recovery will be much longer for people who were already struggling pre-COVID-19. When the virus struck over half of the workers in poor countries were living in poverty, and three-quarters of workers globally had no access to social protections like sick pay or unemployment benefits. … [Read more...] about Wealth inequaity increases after COVID-19

Major menace Disaster and climate challenges have become a top priority for policymakers in Vietnam. This is evidenced in national and sector strategies, and these challenges are identified as one of the key pillars of the new national development plan for the next decade. For example, the government adopted the National Climate Change Strategy in 2011 and the Vietnam Green Growth Strategy in 2012, which lay out a vision through to 2050. In addition, the government adopted the Support Programme to Respond to Climate Change for 2016-2020 that supported policy reform, capacity building, and increased investment for prioritised climate change and green growth actions in key sectors, including energy, transport, forestry, and water resource management. … [Read more...] about Equipping localities in climate fight