In the economic outlook for the second quarter entitled “Darkest before the dawn”, the bank said the manufacturing sector, which accounts for one-third of the country’s GDP, is expected to grow only 3 percent this year compared to 11 percent in 2019. … [Read more...] about Standard Chartered Bank: Vietnam’s 2020 economic growth to fall to 3.3 pct.
Việt Nam stresses co-operation against pandemic at ADSOM+
“The COVID-19 pandemic is a complicated and huge non-traditional security challenge, which has been negatively affecting all aspects of social life throughout the world, no country can handle the pandemic on its own,” he said, stressing the importance of co-operation and the role of multilateral organisations and mechanisms. … [Read more...] about Việt Nam stresses co-operation against pandemic at ADSOM+
Phones and phone parts remains biggest export earner in H1
Employees work at a Samsung plant in Bac Ninh Province. The export of phones and phone parts during the first half of this year totaled US$21.5 billion - PHOTO: TNO HCMC – The export of phones and phone parts during the first half of this year totaled US$21.5 billion, the highest among 22 product groups whose export revenue exceeded US$1 billion each, according to data from the Ministry of Industry and Trade. … [Read more...] about Phones and phone parts remains biggest export earner in H1
Bank accounts of local advertisers to be drained for Facebook and Google tax arrears
The biggest problem is how to supervise the money flows between local individual advertisers and overseas suppliers. Accordingly, as they perform transactions via personal credit cards, the people did not have to pay any tax for the suppliers until now, resulting in great amounts of lost tax revenue for the state for years. … [Read more...] about Bank accounts of local advertisers to be drained for Facebook and Google tax arrears
Rising arguments related to the implementation of Decree 116
As Circular 03 guiding the implementation of Decree 116 was released in mid-January with retroactive effect to January 1, 2018, the situation became complicated for all. Importers who cannot clear incoming new cars will soon have their dealers running into a difficult financial situation if the situation is not solved quickly. … [Read more...] about Rising arguments related to the implementation of Decree 116
