Foreign earned income tax credit

This platform has subsidized Vietnam since 2017, so the game price could be at least half cheaper. Previously, games sold on Steam were calculated at USD rates, with US tax (up to 30%). After the price is converted to the VND, games on Steam are sold at least half the price when paying by international credit card by users with a location in Vietnam. As a result, Vietnamese traffic currently accounts for 0.3% of Steam's total bandwidth, only 0.1% to 0.2% lower than regional countries such as Malaysia, the Philippines or Indonesia. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes

Deputy Prime Minister and Foreign Minister Pham Binh Minh will attend the ASEAN Foreign Ministers’ Retreat (AMM Retreat) which will be held virtually on January 21, said Foreign Ministry’s Spokesperson Le Thi Thu Hang at a press briefing on January 14. … [Read more...] about Deputy PM to attend ASEAN Foreign Ministers’ Retreat

State-owned banks recorded mixed results. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 0.9 percent, BID of BIDV kept its opening price and VCB of Vietcombank shed 0.7 percent. MBB of mid-sized Military Bank climbed 1.3 percent. … [Read more...] about VN-Index sees biggest foreign net sell in eight months

Bilateral and multilateral diplomacy has been strengthened both online and in-person, he said. Vietnam has also enhanced economic ties through the implementation of major trade deals like the EU-Vietnam Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP). The country also saw positive outcomes in protecting citizens overseas amidst COVID-19, land border marker planting and demarcation, territorial sovereignty protection, and cultural diplomacy, he went on. Dung said fact-finding trips to localities were organised for foreign reporters, cultural and press attachés, and representatives of foreign agencies in Vietnam during the year, in an effort to promote local potential. Many have expressed a belief that Vietnam will become a bright spot in economic growth post-COVID-19, contributing significantly to peace, stability and development in the region and the world at large./. … [Read more...] about Foreign correspondents contribute to promoting Vietnam’s image: Deputy FM

It can be said that Vietnamese enterprises have never engaged in a bigger playground. However, to materialise opportunities generated by the agreement, To Hoai Nam, General Secretary of the Vietnam Association of Small-and Medium-sized Enterprises (VINASME) suggested businesses study the current regional and global supply chains to evaluate the impact of the pact on future business models.  … [Read more...] about RCEP: local enterprises stepping firmly forward