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Extending land rental fees and taxes payment deadlines are among key measures from the Government to support businesses and individuals during the pandemic. The Vietnamese Government in 2021 extended the payment deadlines for VND121 trillion (US$5.3 billion) worth of land rental fees for businesses and individual households affected by the pandemic. Tax officials at Hanoi's Department of Taxation provide online support for taxpayers. Photo: The Hanoi Times By late 2021, the majority of businesses qualified for payment deadlines extension have completed their financial obligations, informed Nguyen Van Phung, director of the Tax Policy Department under the Ministry of Finance (MoF). The economy since early 2020 has faced severe consequences from the Covid-19 pandemic and natural disasters, for which the Government’s support policies and measures are essential to aid socio-economic recovery, including waiving and freezing of taxes and land rental fees. … [Read more...] about Gov’t extends payment deadlines for US$5.3 billion worth of land rental fees in 2021

Marko Walde, chief representative at the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) Since official implementation of 2011’s strategic partnership, Vietnam and Germany have witnessed progress in all areas of cooperation, particularly in bilateral trade and investment, promoting renewable energy, German dual vocational training, Industry 4.0, and attracting high-quality human resources to work in Germany. With a trade volume of almost €14 billion ($15.95 billion) reached in 2020, Germany is Vietnam’s one of the most important ASEAN trading partners in the EU. Over 500 German companies are represented in Vietnam and total foreign direct investment has reached more than $2.3 billion at the end of 2021, according to the Ministry of Planning and Investment. This funding has created around 47,000 quality jobs in Vietnam. The Vietnamese market remains a prominent destination for German businesses and investors. Many foreign businesses are considering enlarging … [Read more...] about Germans hope to advance in Vietnam