HCM City to revoke long-delayed projects Business

HCM City to revoke long-delayed projects

HCM City authorities are planning to revoke “long-delayed or projects that are no longer feasible” that have affected thousands of home owners who have been asked to move to make way for these projects.
Taxes lost from e-commerce sector during COVID-19 Business

Taxes lost from e-commerce sector during COVID-19

The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations on the sector.
Unprofitable State projects show signs of recovery Business

Unprofitable State projects show signs of recovery

The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits.
Wealth inequality drags growth: experts Society

Wealth inequality drags growth: experts

As the world faces a crisis in wealth distribution, some experts doubt if the accumulation of capital will encourage innovation and investment, but instead, lead to multiple tax burdens and increase the gap between rich and poor.
Uber sues HCM City Tax Department Business

Uber sues HCM City Tax Department

The Netherlands-based ride-hailing firm Uber International Services Holding B.V has filed a lawsuit against the Ho Chi Minh City Tax Department after it decided to forcibly collect tax, Nguoi Lao Dong (Labourer) newspaper reported.
Vietnam to make customs reform Business

Vietnam to make customs reform

The Global Alliance for Trade Facilitation (GATF) will help Vietnam to establish a customs bond system – part of the country’s efforts to modernise and reform administrative procedures relating to import and export.