As the COVID-19 pandemic has seriously impacted the implementation of Vietnam's economic development plans, the National Assembly (NA) and Government have been proactively and urgently deploying stimulus packages to quickly restore the economy and leverage growth.
The Industry Ministry of Thailand is pushing ahead with its ambitious plan to bring prices of electric vehicles (EVs) closer to those of traditional fuel-powered cars by reducing the import duty on auto parts used to assemble EVs in the country.
The tax department in Binh Dinh province has introduced a number of solutions to help enterprises overcome the difficulties caused by the COVID-19 pandemic, including tax reductions and payment extensions.
Many goods imported from Laos will enjoy a reduction of 50 percent of tariffs between February 14, 2016, and October 3, 2020, according to the Ministry of Finance.
Experts pointed out opportunities and challenges facing local businesses and authorities once an FTA between Vietnam and the EU is signed while at a seminar in Ho Chi Minh City on October 26.
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