HCM City wants tax reduction for COVID-19 affected businesses Business

HCM City wants tax reduction for COVID-19 affected businesses

The Ho Chi Minh City People’s Committee has made several suggestions for the Ministry of Finance’s decree to support businesses and individuals affected by the COVID-19 pandemic, including ensuring bank lending rates are no more than 2 percent higher than deposit interest rates.
Vecom question tax regulations Business

Vecom question tax regulations

The Vietnam e-Commerce Association (Vecom) said that a number of regulations in Circular 40 were not yet feasible, which could impact activities of hundreds of thousands of individuals doing business on e-commerce floors.
NA Standing Committee convenes 50th session Politics

NA Standing Committee convenes 50th session

Members of the National Assembly (NA) Standing Committee on November 9 sat for the 50th session to consider and give opinions on a number of contents to be submitted to the 14th NA’s 10th session.
Real estate firms calls for Government support Business

Real estate firms calls for Government support

The Ho Chi Minh City Real Estate Association (HoREA) has urged the Government to add the property industry to the list of those affected by the COVID-19 outbreak and are eligible for a five-month postponement of value-added tax and land-use fee payments.
Indonesia wants tech firms to pay VAT World

Indonesia wants tech firms to pay VAT

Indonesia is preparing a bill that will make tech firms such as Google and Amazon pay value added tax (VAT), according to Finance Minister Sri Mulyani Indrawati.
State Audit to focus on large-scale projects in 2019 Business

State Audit to focus on large-scale projects in 2019

The State Audit will focus on a number of major projects in 2019, including the Ben Thanh-Suoi Tien metro line, as well as the 10-trillion-VND flood control project in Ho Chi Minh City and Cat Linh-Ha Dong railway line in Hanoi, according to Auditor General Ho Duc Phoc.
HCM City seeks cheaper logistics Business

HCM City seeks cheaper logistics

Logistics fees in Vietnam account for nearly 21 percent of the country’s Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies.