Wood industry facing losses due to COVID-19 Business

Wood industry facing losses due to COVID-19

The wood industry is facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA).
Fitch lowers Malaysian growth forecast to 4.6 percent World

Fitch lowers Malaysian growth forecast to 4.6 percent

Fitch Solutions Macro Research, a rating agency of Fitch Group, has cut its growth forecast for Malaysia for 2018 to 4.6 percent compared with its previous forecast of 5.1 percent, following a weaker-than-expected performance in the third quarter of the year, according to The Star.
Thailand to set up tax refund offices at shopping areas ASEAN

Thailand to set up tax refund offices at shopping areas

The Finance Ministry of Thailand has agreed with the Tourism and Sports Ministry’s proposal to set up more VAT refund offices in shopping centres to encourage foreign tourists to buy more local products, the Thai media reported on December 11.
Firms wary of switch to e-invoices Business

Firms wary of switch to e-invoices

The Ministry of Finance is drafting regulations on e-bills and will ask the Government to set a deadline of July 2018 for businesses to switch over from paper. But local businesses say they don’t have the information technology resources to meet the proposed deadline.
Tax refunds to be accelerated Business

Tax refunds to be accelerated

The tax watchdog is striving to increase the percentage of tax reimbursements processed through the “refund first, check later” regime, aiming to speed up refunds that would be beneficial for business
Resolution 19 improves competitiveness Business

Resolution 19 improves competitiveness

Vietnam's competitive environment has improved after two years of implementing the Government's Resolution 19 on improving the business environment and national competitive ability.
E-tax refunds to be piloted Business

E-tax refunds to be piloted

The General Department of Taxation (GDT) will pilot e-tax refunds in some cities and provinces in the third quarter of 2016.