Foreign earned income tax credit

For enterprises, policies and administrative procedures in taxation and customs are of paramount importance and government agencies have always tried to support enterprises by implementing relevant policies. As for Vietnamese enterprises, they need to take advantage of opportunities for innovation, improved competitive capacity and further development, contributing to the country’s economic development goals in the current context of global integration and competition. … [Read more...] about Customs and tax authorities try to make life easier for enterprises

FDI inflow makes new 10-year record in 2019 Total inflows of foreign direct investment (FDI) into Vietnam amounted to 38.02 billion USD this year to December 20, a 10-year high, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. … [Read more...] about HCM City: many businesses fall into foreign hands

The companies said they had not added Ethoxyquin in the feed production process and this substance had been found in fish meal imported from Peru and Chile for domestic feed production. But the imports accounted for a small part of the total volume that those partners in Peru and Chile had exported globally. So, it was hard for them to ask fish meal suppliers to not mix Ethoxyquin in fish meal sent to Vietnam, according to VASEP. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 23

Hanoi (VNA) – The join-stock bank Sacombank has said its last year’s pre-tax profits amounted to 3.217 trillion VND (about 139 million USD), 21.4 percent higher than its plan for the year. In its latest financial report, the bank attributed this to the considerable contribution by the service revenue which made up 23 percent of the bank’s total net income and rose 23.9 percent over the figure a year earlier. The bank’s total asset on the last day of the last year was valued at 4453.6 trillion VND while its bad debts were reduced to 1.93 percent from 2.2 percent at the end of 2018. As for e-banking activities, the number of the users of Sacombank’s services rose by nearly 40 percent to 1.9 million. A prominent point is that the bank started applying Basel II to its operation from the first day of this year in line with the roadmap by the central bank on the safety rate of capital. For this year, Sacombank has set the targets of increasing its business … [Read more...] about Hiking service revenue helps boost major joint-stock bank’s profits

Mekong Delta farmers expect good harvest of Tet flowers Farmers in the Cuu Long (Mekong) Delta region are expected to have a good flower and ornamental plant harvest, as well as good prices, for the Tet (Lunar New Year) festival, which falls on January 25. … [Read more...] about 100-year-old village famed for its ancestor worship altars