Vietnamplus

The capital city of Hanoi recorded impressive socio-economic development results in the first nine months of this year, with a gross domestic product (GDP) growth of 7.35 percent, up from the 6.95 percent expansion recorded in the same period last year.

The State budget’s domestic revenue in the first eight months of 2019 is estimated at 808.8 trillion VND (34.8 billion USD), according to the Ministry of Finance.

Blockchain technology can be used in many different fields of modern economics, especially banking activities, banking expert Can Van Luc has said.

After lagging behind other provinces and cities nationwide in attracting Japanese investment, the central city of Da Nang has emerged as a popular destination for investors from Japan.

After lagging behind other provinces and cities nationwide in attracting Japanese investment, the central city of Da Nang has emerged as a popular destination for investors from the Land of the Rising Sun.

Thai Finance Minister Uttama Savanayana has disclosed urgent policies which are to be implemented during the first three months of the new government in Thailand with a focus on economic issues, including taxes which need to be restructured promptly.

Expanding the Thailand Future Fund (TFF) and tax reform are two priority policies that will boost development and help to reduce income inequality, Thai Minister of Finance Uttama Savanayana told the Bangkok Post Forum 2019 on August 5.

The Parliament of Thailand on July 25 began a two-day meeting, during which Prime Minister Prayut Chan-o-cha delivered a policy statement of the new Government.

The northeastern province of Quang Ninh is determined to build a digital administration, the next step of e-administration.

According to the recently approved amended Law on Tax Management, companies that have not opened their representative offices in Vietnam such as Google, YouTube and Facebook are obliged to pay taxes.

The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities.

Around 99 percent of import and export tax payments in HCM City are made online, according to the customs department.

There should be a shared database of online sellers to make sure tax collection in e-commerce activities is sufficient, officials have said.

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.

More than 600 nationwide supermarkets and convenience stores of the Saigon Union of Trading Cooperatives (Saigon Co.op) have taken the leap to remove all plastic straws from their shelves this month.

Ha Long city in the northern province Quang Ninh is angling to become a smart tourism 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.

The customs sector’s state budget collection exceeded 120 trillion VND (5.18 billion USD) by the end of April, up 25.44 percent from the same period last year.

The execution of guarantee for customs clearance will be piloted in 2021-22 in an effort to enhance trade facilitation, a customs official said.

The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 percent to 15-17 percent.