Gov’t support aids automobile industry Business

Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens, according to a report by the Viet Dragon Securities Corporation (VDSC).
HCM City accelerates disbursement of public investment capital Business

HCM City accelerates disbursement of public investment capital

Ho Chi Minh City had disbursed nearly 21.28 trillion VND (920 million USD at current exchange rate) of public investment capital as of August 23, fulfilling 50.5 percent of the assigned capital this year, the city’s Department of Planning and Investment reported.
Tax policies must support firms to boost revenue: official Business

Tax policies must support firms to boost revenue: official

The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister of Finance Tran Xuan Ha has said.
Research urges ASEAN countries to adjust tax policies ASEAN

Research urges ASEAN countries to adjust tax policies

The Vietnam Institute for Economic and Policy Research (VEPR), in coordination with Oxfam, Prakarsa, Tax and Fiscal Justice Asia (TAFJA) and Vietnam Tax Justice Alliance (VATJ), on June 25 announced research outcomes on the case of corporate tax incentives in the ASEAN towards sustainable tax policies in the ASEAN Region.
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.
Vietnam steps up tax reforms Business

Vietnam steps up tax reforms

Vietnam is sparing no efforts to implement tax reform measures along with the application of information technology in tax administration to disclose budget information, according to the Vietnam Annual Economic Report 2020 launched at a conference in Hanoi on June 17.
Vinalines builds scenarios to cope with market difficulties Business

Vinalines builds scenarios to cope with market difficulties

Vietnam National Shipping Lines (Vinalines) has developed scenarios under which they would restructure resources and reduce costs in a bid to cope with market difficulties amid negative impacts from the COVID-19 outbreaks, especially in the Chinese market.
Investment in farm land needed: experts Business

Investment in farm land needed: experts

Vietnam was in urgent need of policies to develop a transparent and sustainable agricultural land market to attract more investment in the farming sector, according to the Vietnam Real Estate Association.
Customers to be centre of auto industry  Business

Customers to be centre of auto industry

Management agencies and businesses should consider customers the centre of the domestic auto industry to spur the sector’s growth in the context of international integration, experts have suggested.