Vietnam plans to impose a 17 percent corporate income tax (CIT) for four years from January 1, 2017, on businesses making less than VND20 billion (893,000 USD) in revenue.
Hanoi enjoyed relatively high economic growth in the first half of the year with good performances in the service and industry-construction sectors, officials said at a meeting on August 1.
Digital marketing has proved to be vital as a bridge bringing Vietnamese brand names to international markets, heard attendants at the Vietnam CEO Summit 2016 held in Hanoi on July 29.
The flexible implementation of monetary policy from the State Bank of Vietnam (SBV) contributed to stabilising the financial market from the beginning of this year.
National Assembly (NA) deputies must insist on voting against overspending the government’s planned budget, said Deputy Tran Hoang Ngan from Ho Chi Minh City on July 21.
The Department of Information and Communications of Hanoi (DIC) has worked with several agencies to develop an information technology business incubator scheme to promote start-ups.
Prime Minister Nguyen Xuan Phuc asked ministries and localities to take care of the living environment of the people following the environmental incident caused by Formosa Ha Tinh Steel Corporation.
The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam.
The Mekong Delta city of Can Tho made big strides in economic development over the first half of this year, according to the municipal Department of Planning and Investment.
Administrative reform, integration and business competitiveness drew the attention of associations and enterprises at a conference in Ho Chi Minh City on June 29.
The law to support small and medium – sized enterprises (SMEs) will help generate over 19 billion USD in taxes, according to an impact assessment by economic expert Le Duy Binh.
PM Phuc had a working session with authorities of Vinh Long on June 11, discussing efforts to overcome saline intrusion impacts and agricultural production restructuring.
The start-up culture in Vietnam has taken off since last year, with more young people eager to start businesses as the Government and local organisations have offered more favourable conditions.
The law on support to small- and medium-sized enterprises (SMEs), which is being drafted, is set to facilitate the development of the firms making up 97 percent of the businesses in Vietnam.
Deputy Prime Minister Vuong Dinh Hue has urged businesses nationwide to promote innovation and creativity and enhance links, contributing to promoting the country’s economic development.
Business
XIII National Congress of Communist Party of Vietnam
