Amendment to tax law on fertiliser in urgent need Business

Amendment to tax law on fertiliser in urgent need

Tax Law No 71/2014/QH13, which treats fertiliser as a VAT-free item, has become a double-edged sword as after five years of implementation it has not reduced domestic fertiliser prices but instead hindered production and investment in the sector.
Businesses propose incentives amid COVID-19 outbreak Business

Businesses propose incentives amid COVID-19 outbreak

Cutting interest rates and corporate income and added value duties, and extending loan payments and tax and social insurance collections were among the proposals raised by businesses at a seminar in Ho Chi Minh City on March 17.
Singapore: From sky farms to lab-grown shrimp World

Singapore: From sky farms to lab-grown shrimp

As Singapore, an unlikely place for farming revolution, aims to boost agricultural production and rely less on imports to feed its 5.6 million people, the country has developed tiered fish farms, vegetable plots atop office buildings and lab-grown shrimp.
Power prices should have been increased more: MoIT Business

Power prices should have been increased more: MoIT

Electricity retail prices should have been raised by 9.26 percent instead of 8.36 percent if Vietnam Electricity (EVN) had correctly calculated the 3.26 trillion VND foreign exchange rate difference in 2018 into its power production costs.
Sabeco cuts projected profit by a fifth Business

Sabeco cuts projected profit by a fifth

The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) is targeting a lower post-tax profit in 2018 due to the increase of production costs and stronger competitiveness in the industry.
Samsung seeks more Vietnamese part suppliers Business

Samsung seeks more Vietnamese part suppliers

The increasing number of Vietnamese suppliers who provide parts and components to Samsung would not only help Samsung Vietnam (SEV) reduce its production costs, but also develop the country’s auxiliary industry.
Temporary duties on fertiliser may hurt farmers Business

Temporary duties on fertiliser may hurt farmers

The imposition of temporary safeguard duties on DAP and MAP fertiliser imports into Vietnam, which came into effect on August 19, is an effort to help protect the domestic fertiliser industry but might push up production costs for farmers.