Many fees and taxes will be waived for businesses and people affected by the pandemic in the remainder of the year. Taxpayers with revenue in 2021 of less than VND200 billion (US$8.8 million) and lower than the figure recorded in 2019 would be subject to a 30% cut in corporate income tax. Production at Tam Hop Company in Soc Son District, Hanoi. Photo: Viet Linh The decision was revealed in the latest resolution signed off by the Chairman of the National Assembly (NA) Vuong Dinh Hue on measures to support businesses and people affected by the pandemic. The NA also decided to waive personal income tax, value-added tax, and other expenses payable by business households and individuals in the third and fourth quarters at localities facing the Covid-19 outbreaks in 2021. “The move is not applicable to revenue generated from providing software and online services, including online games, music, or advertisement,” it added. Meanwhile, the Government is set to … [Read more...] about Vietnam’s National Assembly cuts taxes and fees for businesses
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The Japan International Co-operation Agency (JICA) at a press conference reviewing the agency’s work in Việt Nam in the first half of the 2021 fiscal year. — VNA/VNS Photo HÀ NỘI — The Japan International Co-operation Agency (JICA) will continue its efforts to support Việt Nam's socio-economic development, JICA Chief Representative in Việt Nam, Shimizu Akira, said on Thursday. Speaking at a press conference reviewing the agency’s work in Việt Nam in the first half of the fiscal year 2021 (from April 1, 2020, to September 30, 2021), Shimizu said that JICA has focused on technical and financial cooperation and consolidating friendship between Việt Nam and Japan. He said that he highly appreciated efforts made by Việt Nam during the fight against the COVID-19 pandemic, especially during the most recent wave since late April. “Japan has been supporting Việt Nam to overcome this difficult time,” he said, adding that Japan has given Việt Nam more than four million doses of … [Read more...] about JICA to continue supporting Việt Nam’s development: Chief Representative
Secretary General of the International Telecommunication Union (ITU) Houlin Zhao praised the proposals and initiatives of Vietnam and hoped that it would share its experiences with other ITU member countries. The ITU is a specialized organization of the United Nations established on July 15, 1947. The ITU has 193 member countries, and more than 700 associate members that are businesses, research institutions operating in the fields of telecommunications and information technology, and regional and international organizations. The ITU is an organization with the mission of maintaining and strengthening international cooperation in the fields of wireline, radio, fiber optic cable, and satellite in all member countries to enable the use of telecommunications in the most effective way. Vietnam’s role in ITU Since 1975, the Government of the Socialist Republic of Vietnam has been the sole legal representative of Vietnam to participate in the ITU. In recent years, … [Read more...] about What is Vietnam’s role in the International Telecommunication Union?
Hanoi’s deputies to the National Assembly have called for a national vaccination strategy in 2022, with a focus on vaccine administration to children. Hanoi stands firm on pursuing safe and flexible adaptation to the Covid-19 pandemic for socio-economic development and effective control of the situation. Overview of the group discussion. Photos: The Hanoi Times Secretary of the Hanoi Party Committee Dinh Tien Dung gave the remarks at a group discussion among National Assembly deputies held today [October 21], which is part of the second session of the 15th NA. “More drastic actions are needed to effectively address the concern of businesses,” Dung said, referring to Hanoi's recently held dialogue between the city’s leaders and the foreign business community. Dung noted the highlight in Hanoi’s efforts against the pandemic was the participation of the entire political system and the high awareness of the public in this regard. As one of the country’s … [Read more...] about Hanoi stands firm on safe and flexible adaptation to Covid-19 for economic recovery
The 17 Sustainable Development Goals set by the UN. (Source: UN) Hanoi (VNA) – A workshop was held on October 21 to publish the national report on the progress of the five-year implementation of the Sustainable Development Goals (SDGs), during which experts pointed out that Vietnam should strive harder to achieve the goals by 2030. Le Viet Anh, Director of the Department of Science, Education, Natural Resources and Environment under the Ministry of Planning and Investment (MPI), said the country will be likely to achieve five of the 17 SDGs by 2030, including the ones on no poverty, zero hunger, quality education, climate actions, and global partnerships. However, it will face multiple challenges to achieve the remainders, especially the goal on responsible consumption and production, and the one on life below water. The possibility of achieving the SDGs by 2030 had been forecasted basing on official statistics collected up to the end of 2019, before the COVID-19 … [Read more...] about Vietnam needs stronger efforts to achieve SDGs: Workshop
Localities with high vaccination coverage in workers are no longer required to adopt the 3-on-site principle, said Deputy Prime Minister Le Van Thanh. Addressing business concerns is the utmost priority for provinces/cities at the moment for economic recovery, as enterprises without support would be unable to resume production. Deputy Prime Minister Le Van Thanh at the meeting. Photos: Duc Tuan Deputy Prime Minister Le Van Thanh stressed the view during a national online meeting on October 20, discussing measures to ensure smooth movements of goods and people for the recovery of industrial production during the pandemic. “Given the large number of people returning to their hometowns, local authorities should find solutions to mobilize workforce for business operation,” he added, noting the urgency for completing the vaccination for workers in the industry sector and transportation. “Localities with high vaccination coverage in workers are no longer … [Read more...] about Addressing business concerns remain priority for localities: Deputy PM