Vietnamplus

The Hanoi Department of Taxation has worked with software solution providers to support businesses in introducing e-invoices, towards the target that all local companies will switch to e-invoices from late September.

While more and more Vietnamese people are turning to e-commerce, the current consumer protection law does not properly cover online shoppers.

The number of firms in HCM City using e-invoices has skyrocketed this year due to their convenience and low cost.

The Prime Minister has promulgated a decision adjusting up the purchasing price for biomass power.

Some 170,000 buses, coaches and mini-buses will need to have two in-vehicle surveillance cameras from July next year.

Minster of Finance Dinh Tien Dung on January 13 asked for greater efforts from the tax sector to well implement the budget collection plan for 2020 assigned by the National Assembly and the Government.

The Ministry of Finance (MoF) has proposed fines of between 20 million VND (862 USD) and 50 million (2,155 USD) for the act of printing fraudulent invoices.

In Quang Ninh’s socio-economic development plan for 2020, with a vision to 2030, the province is determined to promote Ha Long city as a smart city.

Experts gathered at a forum in Hanoi on May 8, discussing measures to enhance tax management as e-commerce is enjoying strong growth amid the Fourth Industrial Revolution.

QR Pay is becoming more familiar with Vietnamese people as a modern and convenient payment method in the era of the forth industry.

The Philippines has agreed to join the local currency settlement (LCS) framework which Indonesia, Thailand and Malaysia have operated over the past two years, in an effort to expand intra-ASEAN trade and investment as well as strengthen the regional economic integration.

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.

A change in payment methods is taking place in Vietnam from payment in cash and by cards to a digital and mobile manner.

E-commerce is a potential goldmine for businesses over the next two years with a potential reach of 10 billion USD.

Deputy Prime Minister Vuong Dinh Hue announced a draft resolution of the Government on key tasks and solutions to achieve socio-economic development goals and State budget estimate for 2019 during a conference on December 28.

Legislators will vote on a resolution ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and relevant documents on November 12, as part of the ongoing sixth session of the 14th National Assembly.

Finance Minister Dinh Tien Dung made clear on some issues concerning land management, evaluation of the rights to land use of equitised State-owned enterprises (SOEs), and invoice management to prevent State budget loss, during a question-and-answer session at the ongoing sixth meeting of the 14th National Assembly in Hanoi on October 31.

With no sign of workers or even an owner, customers pick the products and pay by themselves in a distinctive coffee shop in Hanoi.

Café counts on customers’ honesty to make profit

Vietnam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP) which is the tariff preference for developing countries.