This has been the third extension of excise tax compliance due date for local cars since 2020, with an expected amount subject to a tax break of VND20 trillion ($US$863 million). The Government has further extended the excise tax payment deadline for domestically-produced cars until November 20. Car manufacturing at Vinfast's plant. Photo: Pham Hung The move was part of the Government’s decree No.32, according to which tax payment for domestic cars bought during the June-September period would be extended until November 20. This would be the third extension of the excise tax payment deadline for local cars since 2020, with the Ministry of Finance (MoF) expecting the amount subject to a tax break of VND20 trillion ($US$863 million). Once the extended deadline is expired, payment for an excise tax on domestic cars would be reverted to normal. The MoF previously put in place a 50% cut in the registration fee for local vehicles. Such support, along with this … [Read more...] about Gov’t extends excise tax payment deadline for domestic cars
Delta 747 domestic routes 2017
AMRO forecasts Vietnam’s strong recovery amid external headwinds
This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds
Indomitable: Vietnamese women’s journey to SEA Games football gold
Vietnam entered SEA Games 31 as the defending champions, having won gold in the most two recent editions of the regional tournament in 2019 and 2017. In the first game, the team faced the Philippines, who have been on the rise recently thanks to their policy of importing players from countries like Germany and Japan. After Rivera Annis score d for the opponents in the 15th minute, Vietnam showed their great fighting spirit. Towards the end of the first half, Nguyen Thi Tuyet Dung (number 7) essayed a volley that equalized for the host s . In the second half, Tran Thi Thuy Trang (number 15) completed the comeback for Vietnam after a great build-up play with captain Huynh Nhu. Vietnam (R) play against Cambodia in the last group game to secure the top spot. Since Indonesia dropped out of women’s football, there were only three teams left in group A. … [Read more...] about Indomitable: Vietnamese women’s journey to SEA Games football gold
Vietnam Airlines suffers $113mn Q1 loss despite revenue surge
National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge
Vietjet reopens flights between Seoul and Vietnam’s beach destinations
Passengers on the first Vietjet Air flight from Seoul to Nha Trang. (Photo: vietjetair.com) Hanoi (VNA) – Celebrating a vibrant summer and welcoming life back to Vietnam's famous paradise beaches, budget carrier Vietjet has officially reopened flights connecting Seoul and Nha Trang, Phu Quoc and Hai Phong. The first flight back to Nha Trang from Seoul on May 20 was greeted with a water cannon salute, flowers and gifts, showing Vietnam’s warm hospitality to visitors. Vietjet plans to relaunch services from Seoul to Phu Quoc and Hai Phong and vice versa this May, raising the total routes linking Vietnam and the Republic of Korea to six, given that the two countries are expecting a new wave of tourists from both sides, after the RoK announced the resumption of short-term tourist visas for foreigners from June 1. There are currently three Nha Trang - Seoul (Incheon) round-trip flights weekly, on Wednesdays, Fridays and Sundays. Starting from May 21, Vietjet … [Read more...] about Vietjet reopens flights between Seoul and Vietnam’s beach destinations
Vietnam celebration spills out into the streets
The Hai Ba Trung Street in Hanoi erupts after the referee blows the final whistle. Vietnam defeated Thailand 1-0 with the winning goal scored by Nham Manh Dung in the 84th minute. Photo by Gia Chinh A crowd in downtown Hanoi were in a state of extreme excitement after the game. Photo by Gia Chinh Fans greet each other on Ton Duc Thang Street in HCMC's downtown District 1. Photo by Quynh Tran Ecstatic fans said it had been a long time since they'd been able to celebrate Vietnam's victory on the streets because of Covid-19. Photo by Quynh Tran Vietnam celebration spills out into the streets Người Đà Nẵng xuống đường cổ vũ bóng đá Celebration in Da Nang. Video by Nguyen Dong Hue residents flocked to the streets and headed for the downtown area in great numbers. The sounds of cheers and horns filled the air and could be heard from afar. … [Read more...] about Vietnam celebration spills out into the streets