The Prime Minister, the Government and enterprises want ministries and agencies to carry out practical reforms, particularly those removing unnecessary administrative procedures, to create a better business climate in agriculture, a Government official said.
A number of individuals, businesses and localities have not obeyed regulations or intentionally circumventing the law to earn profits from BT (Build-Transfer) projects.
At Lunar New Year (Tet) festival, each ethnic group in Vietnam has its own culinary specialties that reflect the culture of their people and are used as offerings to worship their ancestors.
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.
Vietnam has made encouraging achievements in improving the local business climate and national competitiveness since the issuance of Resolution No.19 in 2014, as heard at a seminar held in Hanoi on November 2.
The State Audit of Vietnam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 percent of its yearly plan, recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget in the last nine months.
Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Vietnam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.
The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh.
The Thai Retailers Association (TRA) has proposed the Government of Thailand to let private operators run VAT refund booths at downtown duty- and tax-free shopping areas to boost sales.
The consumer-to-consumer (C2C) market in Vietnam will become a space for global tycoons following many recent investment deals with Vietnamese enterprises.
E-commerce and online shopping are forecast to become a key trend in the world, accounting for 25 percent of the global retail revenue, experts said, suggesting Vietnam promptly complete infrastructure system to boost the growth of trade.
Driving forces for Vietnam’s economic growth need to be maintained not only in 2018, but also in the years to come, Prime Minister Nguyen Xuan Phuc said at the Government’s regular meeting on Aug. 1.
Increasing value-added tax (VAT) does not help boost economic growth, but it can increase the poverty rate, said a report announced by the Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business - Vietnam National University in Hanoi on June 28.
Fertiliser stocks are surprising the market with many large names hitting the ceiling prices, mainly due to the Ministry of Finance’s decision to make fertiliser subject to VAT at the preferential rate of 5 percent.
Experts’ reactions to the Ministry of Finance’s (MoF) tax adjustment draft have been mixed, while the business community struggles to keep up with the variety of proposed tax hikes.
More than 270 businesses and households in Ho Chi Minh City have installed solar power panels on roofs with a total capacity of about 3,600KWp, according to the HCM City Power Corp under Electricity of Vietnam.
The Revenue Department of Thailand will pilot a value-added tax (VAT) refund service for foreign tourists at five department stores, aiming to attract more tourists to the country.
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