The General Department of Taxation directly administers taxes on overseas suppliers and is responsible for granting tax identification numbers to overseas suppliers in accordance with Vietnamese regulations. The Vietnamese Minister of Finance has issued Circular 80/2021/TT-BTC guiding the Law on Tax Administration and Decree 126/2020/ND-CP. According to Circular 80, platforms such as Facebook, Google and YouTube, although not having a fixed business establishment in Vietnam, operating via e-commerce methods in Vietnam will have to register for tax declaration at tax administration agencies of Vietnam. This circular also clearly stipulates the responsibilities of tax authorities in tax administration for e-commerce business, business on digital platforms and other services performed by overseas suppliers in Vietnam. Accordingly, the General Department of Taxation directly administers taxes on overseas suppliers and is responsible for granting tax identification … [Read more...] about How will Facebook, Google and YouTube be taxed in Vietnam?
Incentives attract tax
Illustrative image. (Photo: AFP/VNA) Phnom Penh (VNA) – The Cambodian government decided to shorten the quarantine period from October 18. However, the absence of regular commercial flights to Cambodia from the main tourist hubs and people traveling for business purposes is raising concerns about a lack of international visitors. Many experts and travel agency representatives in Cambodia said that when the new normal state is applied, Cambodian authorities need to closely monitor "travel bubbles" with countries that Cambodia regularly receives a large number of flights to and from, both direct or transit. Currently, flights from Malaysia to Cambodia have been banned since July 2020. This ban needs to be lifted so that regular flights are restored. According to a statement released by the Cambodian Ministry of Health on October 16, foreign investors, technical experts, diplomats, and cooperation project managers and coordinators, as well as Cambodian officials returning … [Read more...] about Cambodia shortens quarantine period to attract foreign visitors
HCMC production slumps Due to the complicated developments of Covid-19, many factories have reported operation suspensions or capacity reduction in light of restrictions to contain the pandemic. The realized capital of FDI projects in August declined by 14.3 percent compared to the previous month and 12.2 percent compared to the same period last year. However, the figure recorded a slight increase in the first eight months of the year. The most worrying issue is the ability of the manufacturing industry to sustain operations in the context of prolonged social distancing. Industrial production in Vietnam in August decreased by 11 percent compared to a year ago, with Ho Chi Minh City recording a slump of 51 percent. Vietnam needs to create favorable conditions for enterprises to ensure business continuity The garment and textile, leather and footwear sectors have been strongly affected by the pandemic as most of their factories are located in the southeastern … [Read more...] about Mass vaccination needed to ensure continued foreign investment
The mural paintings are drawn on the wall of a five-storey apartment building of the Vietnam-Russia Joint Venture (Vietsopetro) on Nguyen Thai Hoc street. The 300 meter-long wall will be decorated with paintings highlighting the Red Square, Matryoshka dolls, oil and gas monument, oil rigs, Vung Tau Airport and such other famous tourist attractions in Vung Tau city as Bach Dinh (White Palace) historical relic site, lighthouse, Front beach, Back beach, Dau beach, Ha Long street, among others. The fund of VND 560 million for this project has been donated by various sponsors. Translated by Mai Huong … [Read more...] about Mural paintings highlight Vietnam-Russia friendship
The show took place on the evening of October 12 on the largest outdoor stage of the Expo 2020 Dubai complex. It was part of Jalsat Nights - one of the top art shows at the event. The Dan bau was the only musical instrument that was invited to be present at Jalsat Nights. Jalsat Nights is a music series held monthly from October 2021 to March 2022 within the framework of Expo 2020 Dubai. It received special attention from the media and people of the Gulf countries. The organizers had an ambitious plan to not only showcase a part of the musical heritage of the United Arabian Emirates, but also give viewers a unique experience by introducing traditional instruments from several countries around the world. As one of the world's largest non-commercial exhibition events, Expo 2020 Dubai took place in the Middle East for the first time, attracting the participation of more than 190 countries and international organizations. The Vietnam Pavilion at the Expo 2020 Dubai complex opened … [Read more...] about Vietnamese lute performed at Expo 2020 Dubai
The Prime Minister has requested the Ministry of Planning and Investment (MPI) propose suitable management solutions for solar power projects. A solar power plant in Ninh Thuan Province. At present, more than 30 provinces and cities nationwide have solar power projects. The Government Office has released this PM direction on this issue for the MPI, the Ministry of Industry and Trade and relevant agencies after local media has reported that a Thai investor has acquired solar power projects in Binh Phuoc. According to reports, Thailand's Super Energy Corporation Company Limited (Super Energy) has announced it has acquired the Loc Ninh 1, 2, 3, 4 solar power projects in Binh Phuoc by buying those plants’ shares from intermediary companies with a total investment of US$456.7 million. Of which, the investment is $99.7 million to the Loc Ninh 1 solar power project, $140 million to the Loc Ninh 2, $105 million to Loc Ninh 3 and $112 million to Loc Ninh 4. Before … [Read more...] about Vietnamese PM asks to manage solar power projects for national security