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Overall, the city’s taxman in 2020 collected VND123 billion in income taxes from ecommerce activities on popular online platforms including Google, Facebook and YouTube, up fivefold compared to the 2019 figure. Most of the ecommerce taxpayers were individuals, Son said. … [Read more...] about Hanoian girl pays over VND23 billion in income taxes on app development

The representative of AVG Capital is committed to complying with local regulations, especially environmental protection standards. Once completed, the project will bring benefits to Thanh Hoa, creating jobs for the locals and contributing to the province’s economic development. … [Read more...] about Russia’s AVG Capital to develop $1.4 billion pork processing complex in Thanh Hoa

Statistics showed that last year, five groups of products enjoying the largest export turnover to the US included garment-textile, accounting for 24 percent of total shipments, with footwear (11 percent), mobile phones and components (15 percent), computers and electronic products (10 percent) and wooden products (9 percent). … [Read more...] about Vietnam-US friendship thrives after a quarter of a century

Hanoi (VNA) - Despite the impact of COVID-19, the Hoa Phat Group still recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said. It earned almost 91.28 trillion VND (3.9 billion USD) in revenue and posted 13.5 trillion VND in after-tax profit last year, up 41 percent and 80 percent, respectively, against 2019. In the fourth quarter alone, its revenue rose 43 percent year-on-year to nearly 26.17 trillion VND, while after-tax profit surged 142 percent to 4.67 trillion VND - a quarterly record. Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled the 2019 figure, to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. In particular, 3.4 million tonnes of finished construction steel were produced, up 22.5 percent against 2019. Hoa Phat’s steel market share in Vietnam currently stands at 32.5 percent. The group … [Read more...] about Hoa Phat Group posts 80 pct. growth in after-tax profit

Thanh Hoa (VNA) - New documents that help in understanding the architecture of the Ho Dynasty Citadel in the north-central province of Thanh Hoa were unearthed during a recent excavation, Director of the Ho Citadel Heritage Conservation Centre Nguyen Ba Linh announced on January 25. For the main palace and the eastern part of the citadel in different historical periods, the artifacts will serve study purposes and restoration projects at the relic site, affirming its major and exceptional value. The large-scale excavation was carried out in two digs located in the central part of the citadel, spanning 8,000 sq m. Four traces of architecture from the Ho Dynasty (1400-1407) were discovered, along with two others dating back to the Le Dynasty spanning the period from the 15th century to the 17th century. Bricks decorated with flower patterns produced in the Ly Dynasty (1009-1226) and the Tran Dynasty (1226-1400) were also discovered, as were some created in the citadel and bearing … [Read more...] about New artifacts unearthed at Ho Dynasty Citadel