Vietnamese, Singaporean firms tap FTAs with EU, UK to expand cooperation  Business

Vietnamese, Singaporean firms tap FTAs with EU, UK to expand cooperation

A webinar discussing ways for Vietnamese and Singaporean businesses can fully tap opportunities brought by free trade agreements (FTAs) with the European Union (EU) and the UK to expand their cooperation was jointly held by the Vietnam Embassy and the Vietnam Trade Office in Singapore on August 28.
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.
Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill World

Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill

A Malaysian court on July 22 ordered former Prime Minister Najib Razak, related to the 1Malaysia Development Berhad (1MDB) fund, to settle 1.69 billion ringgit (397.41 million USD) in unpaid taxes over seven years while he was still in office, the National News Agency Bernama of Malaysia reported.
Indonesia to impose VAT on internet companies from July World

Indonesia to impose VAT on internet companies from July

Indonesia will require big internet companies to pay value-added taxes (VAT) on sales of digital products and services from July as part of efforts to boost revenue amid the coronavirus pandemic, according to a tax official of the country.
US cuts anti-dumping taxes on Vietnamese catfish products Business

US cuts anti-dumping taxes on Vietnamese catfish products

The US Department of Commerce (DOC) has lowered anti-dumping duties on tra fish (pangasius) products from Vietnam following its official conclusion of its 15th period of review (POR15) from August 1, 2017 to July 31, 2018, according to the Trade Remedies Authorities of Vietnam under the Ministry of Trade and Industry (MoIT).
Shrimp exporters see good year ahead Business

Shrimp exporters see good year ahead

Vietnamese shrimp exporters are hoping for a better year after their shipments fell 5.4 percent year on year to 3.36 billion USD in 2019, according to insiders.
Customs contributes record to State budget Business

Customs contributes record to State budget

Vietnam's customs department contributed a record 348 trillion VND (15 billion USD) to the State budget from the collection of import and export taxes in 2019, according to the General Department of Customs.
State revenue unlikely to fall despite numerous FTAs Business

State revenue unlikely to fall despite numerous FTAs

Reduced revenue from cutting taxes on imported goods in accordance with various free trade agreements (FTA) Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.