Domestic tourism

Tourism has become a spearhead economic sector. Dozens of large-scale tourism projects have been carried out, with an array of high-end resorts serving both domestic and international visitors. The Bai Truong tourism complex is being formed, giving the Phu Quoc urban area a facelift. … [Read more...] about Phu Quoc island city draws $16.5 billion in investment

After its release, the movie was shown four times per day, at non-peak hours like 8.30 a.m., 12.30 p.m. and 11.30 p.m., said Thai Ba Dung, co-producer. He talked to the distributor and was told that the new movie, which has new actors and actresses, could not be prioritized. … [Read more...] about Picky viewers keep filmmakers on their toes

Valve (Steam) has its own tax policy for territories, but without Vietnam. As for tax management and collection of cross-border platforms like Netflix or Steam, some have said that Valve (the owner of Steam) does not do business in Vietnam, so it is not subject to Vietnamese tax. The games item on Steam is software, so the value added tax (VAT) is 0%. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes

HCM City (VNA) - The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said. Le Duy Minh, President of the Vietnam Farms and Agricultural Enterprises Association, told a meeting in Ho Chi Minh City on January 15 that the agriculture sector has been integrating intensively and extensively into the world but also faces considerable difficulties and challenges, including the impact of the COVID-19 pandemic, climate change, trade disputes between major economies, and an increase in technical barriers in many countries. Vietnam signed a number of important economic deals in 2020, heralding a new era of economic integration with opportunities to expand export markets and attract more domestic and foreign investment. Among the deals, the RCEP, which gathers together 10 ASEAN countries and five partners (the Republic of Korea, China, … [Read more...] about RCEP to help farm produce expand presence in global markets

General Secretary of the Vietnam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe said RCEP integrates certain FTAs ASEAN had signed. Therefore, once put into place, the trade deal will allow businesses to use a common certificate of origin (CO) instead of the current single certificate for each market.  … [Read more...] about RCEP: local enterprises stepping firmly forward