Thai Minister of Finance Uttama Savanayana has announced that the government plans to launch a tax refund mobile application by the end of this month in a bid to increase tourism spending.
Thanks to the Government’s efforts to simplify tax compliance processes, Vietnam ranked 109th out of 190 countries and territories on ease of paying taxes in the World Bank’s Doing Business 2020 report (DB2020), up 22 places from the previous report.
Thailand’s council of the economic ministers has approved in principle new measures proposed by the Ministry of Tourism and Sports to boost tourism in the short, medium and long terms.
Sacombank and Alliex Vietnam JSC have signed a deal to create shared POS payment infrastructure that is integrated with many banks and allows many different payment methods.
The Mekong Delta province of An Giang and Cambodia’s Kandal province held a conference in Long Xuyen city on September 10 to review their cooperation since the beginning of the year and sketch out plans for the rest of 2019.
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.
The Thai Finance Ministry has set up a committee to shake up the tax structure of the Revenue Department, the Excise Department and the Customs Department, according to Finance Minister Uttama Savanayana.
The Ministry of Construction has green-lighted Kien Giang province’s proposal to suspend the master plan to develop Phu Quoc Island into a special administrative-economic zone (SEZ).
Mayor of Xieng Khuang province, Laos, Bounton Chanthaphone has called for both domestic and foreign investors to develop tourism in the province to tap into the Plain of Jars, which was named a World Heritage site by UNESCO earlier this month.
The Plain of Jars, a megalithic archaeological landscape in Xiangkhoang Plateau, northeastern Laos, has been named as a new World Heritage site by UNESCO.
The east of Hanoi leads the new supply of landed property, covering 80 percent of the total new launch in the first half of 2019, property consultancy CRBE Vietnam announced in an event to review the capital city’s real estate market from January to June and the future trends.
Vietnam Electricity (EVN) is speeding up the completion of 61 solar power projects so that by the end of next month as many as 88 solar power plants will connect to the national grid and begin commercial operation.
Although mobile phones are essential goods, Ho Chi Minh City proposed to include them into the list of products subject to special consumption tax to prevent erosion of the state budget.
Ho Chi Minh City is set to establish 50 new cooperatives and one cooperative union this year and hopes to push the annual growth of the collective economy to 10 percent and its contribution to the city’s economy to 0.6 percent.
Japanese investment in Vietnam is expected to grow this year, given Japan’s recent initiative to shift investment to Vietnam and other Mekong River nations, as well as free trade agreements (FTA), experts said.
Rising production costs are harming the competitiveness of Vietnamese seafood products, according to experts. These include the prices of feed, material input, electricity and labour.
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