However, even when Steam fully fulfills its tax obligations in Vietnam, it is important to distinguish games as a conditional business line in Vietnam. Therefore, Steam still needs to comply with the provisions of Decree No. 72/2013/ND-CP (in effect) in the spirit of the draft Decree amending and supplementing a number of issues of Decree No. 72/2013/ND-CP. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes
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Pork prices fall as Vietnam increases imports
HCM City (VNS/VNA) - The imported pork and declining meat consumption have pushed pork prices down, helping stabilise the consumer price index. This month pork has been sold at the Hoc Mon wholesale market in Ho Chi Minh City for around 72,000 VND (3.17 USD) per kilogramme, 8,000 VND down from previous months, according to its management. Le Xuan Huy, deputy general director of the CP Livestock Joint Stock Company, said hog prices are down because of increased imports of both frozen pork and live pigs as well as lower demand. According to the Ministry of Agriculture and Rural Development, in the first seven months of this year Vietnam imported more than 93,248 tonnes of pork, mainly from Canada, Germany, Poland, Brazil, the US, Spain, and Russia, 223 percent up from the same period in 2019. The ministry licensed imports of pigs on the hoof from Thailand from mid-June. As of August 36 companies registered to quarantine more than 4.7 million … [Read more...] about Pork prices fall as Vietnam increases imports
Phu Quoc – Vietnam’s first island city
A master plan to build Phu Quoc by 2020 was approved under Prime Ministerial Decision No 1197 in 2005 to effectively exploit its potential. After 15 years of construction and development, Phu Quoc district has posted high and stable economic growth. It is now home to 320 projects with total registered capital of more than 14.7 billion USD. … [Read more...] about Phu Quoc – Vietnam’s first island city
Red Cross Society hopes to present 1.5 million Tet gifts to the needy
Hanoi (VNA) - The Vietnam Red Cross Society (VNRC) targets mobilising the necessary financial resources to provide at least 1.5 million gifts to poor and near-poor households, victims of Agent Orange (AO), victims of natural disasters and COVID-19 in 2020, and other vulnerable people ahead of the Lunar New Year (Tet) holiday. It forms part of the annual “Tet for the poor and AO victims” campaign held under the “Humanitarian Power 2020” programme, which aims to call on support from all to help the impoverished, AO victims, and other disadvantaged people nationwide enjoy a warm Tet. The VNRC said the programme will be broadcast live on the National Assembly Television Channel on January 16 night. A SMS campaign has been launched to mobilise funding for “Tet for the poor and AO victims”. Each text message with the word “TET” sent to 1409 before February 28 will contribute 20,000 VND (0.90 USD) to the fund. The VNRC and its chapters … [Read more...] about Red Cross Society hopes to present 1.5 million Tet gifts to the needy
PM attends ceremony to start construction of $168mn industrial park in northern Vietnam
Machinery is used in a sod-turning ceremony to start the construction of Lien Ha Thai Industrial Park in Thai Binh Province, northern Vietnam, December 13, 2020 Photo: Khanh Linh / Tuoi Tre The industrial park sits on 588.84 hectares and is projected to cost VND3.885 trillion ($168 million) to build. … [Read more...] about PM attends ceremony to start construction of $168mn industrial park in northern Vietnam