Income

Nguyen Duc Hai, head of the NA’s Finance and Budget Committee, agreed with the Government’s proposal to reduce corporate income tax for small companies, saying that small firms have been the hardest hit by the coronavirus pandemic and had limited access to loans and technology, according to VnExpress news site. … [Read more...] about Gov’t proposes reducing income tax by 30% for small firms

Reporting at the meeting, a representative of the Department of Construction said that some remaining problems must be undertaken in the upcoming time. One of them is the regulation of compensation and resettlement support for people living in dilapidated apartment buildings. The decision for compensation and support for these people has not been issued so far meanwhile district administrations have asked people to move out of apartment buildings to rebuild them. Total 539 households have been moving out of 15 condominiums in poor state of repair. … [Read more...] about HCMC prioritizes developing social houses, cheap houses for low-income earners

In fields like manufacturing or electronics that are based on a strong and solid science and technology capacity as well as heavy investment into research and development, Việt Nam does not have an advantage nor do we have the resources to play catch-up with the abovementioned countries. But the opportunities we have in digital technology – with its core being information technology which doesn’t really require as much infrastructure investment – are wide open. … [Read more...] about “Make in Việt Nam” key to Việt Nam’s target of high income by 2045: researcher

However, there is still the test of whether Vietnamese products can reach the global market. Taking over the domestic market is a must, but the measure for success in the future will involve global market penetration. At this moment, most Vietnamese businesses or their products haven’t been able to do this, and more time is needed to see if they can. But on a macrolevel, support and orientations for businesses that have a global ambition and vision are critical. … [Read more...] about “Make in Vietnam” key to Vietnam’s target of high income by 2045

The Committee has proposed a number of new spots that can apply this model, such as the pavement on Chu Mạnh Trinh Street (the section behind Children’s Hospital 2), the pavement on Huỳnh Thúc Kháng Street (the section opposite Cao Thắng Technical College) and the sidewalk at the beginning of Thái Văn Lung Street. … [Read more...] about Food streets improve vendors’ incomes, tidy up neighbourhoods