Additional 88 domestically-transmitted COVID-19 cases reported Vietnam logged 97 new COVID-19 cases, including 88 domestic and nine imported, in the past six hours to 6pm on June 22, the Ministry of Health (MoH) said. Most of the new cases were detected in Ho Chi Minh City, with 63 infections, and the remainders were discovered in Bac Giang (12), Bac Ninh (6), Hung Yen (2), Nghe An (1) and Hanoi (1). By 6pm on June 22, the country had recorded a total of 12,010 domestically-transmitted infections and 1,717 imported cases. The number of locally-transmitted cases since the fourth COVID-19 wave hit Vietnam on April 27 amounted to 10,875, including 2,772 recoveries. According to the MoH’s Medical Service Administration, 5,546 patients have given the all-clear from coronavirus SARS-CoV-2 to date, while the death toll related to the disease was 69. Among active patients undergoing treatment, 377 have tested negative to the virus once, 132 twice and 141 thrice./. 12-hour … [Read more...] about VIETNAM NEWS HEADLINES JUNE 22
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Vietnam records 1.35 billion USD trade deficit in first half of June Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the latter half of May, the General Department of Customs has announced. Among items posting the strongest turnover decline included computers, electronics and parts with 1.06 billion USD, down 800 million USD; machinery and equipment with 1.1 billion USD, down 260 million USD; and telephones and components with 1.96 billion USD, down 50 million USD. Since the beginning of this year to mid-June, the nation’s trade value surpassed 288.6 billion USD. Of the sum, over 143.3 billion USD came from exports, up 30 percent year-on-year while the remainder of 145.3 billion USD was from imports, up 36 percent. That resulted in a trade deficit of 1.96 billion USD, the department said. According to trade experts, the above-mentioned trade deficit was … [Read more...] about VIETNAM BUSINESS NEWS JUNE 23
South Korea is Vietnam’s biggest investor and second-largest trade partner. Foreign ministers of Vietnam and South Korea discussed different fields for enhanced bilateral relations when they met in Hanoi on June 23, focusing on economic ties, manpower, tourism, people-to-people links. South Korea's Foreign Minister Chung Eui-yong (L) and Vietnam's Foreign Minister Bui Thanh Son in Hanoi on June 23. Photos: Baoquocte The South Korean foreign minister visited Vietnam on June 21-23 to attend the Asia-Europe Meeting (ASEM)’s High-level Policy Dialogue held in Hanoi. At talks with his South Korean counterpart Chung Eui-yong, Vietnamese Foreign Minister Bui Thanh Son expressed his delight at the fruitful development of Vietnam-South Korea relations in all fields in recent years, affirming that Vietnam always attaches importance to its relations with South Korea, considering the country as one of its top partners. In terms of investment, South Korea is Vietnam’s … [Read more...] about Vietnam and South Korea discuss comprehensive ties
Vietnam said it has relaxed quarantine rules for foreign businessmen. Roughly 570 businesspeople from South Korea will arrive in Vietnam today [July 22] as the two countries make efforts to facilitate economic activities in the face of economic slowdown in the Southeast Asian country. South Korean experts arrive in Vietnam. Photo: Bsr.com.vn The businessmen will come to Vietnam on chartered airplanes, Yonhap News Agency cited the South Korean Ministry of Trade, Industry and Energy (MOTIE). MOTIE said a group of more than 1,500 people will also be sent to Vietnam throughout August. According to MOTIE, Vietnam was South Korea’s third largest export destination in 2019. Meanwhile, statistics by Vietnam’s Ministry of Planning and Investment showed that South Korea was Vietnam's biggest investor in the same year with US$7.92 billion worth of foreign direct investment (FDI), accounting for 20.8% of the Southeast Asian country’s FDI in 2019. Big South Korean … [Read more...] about 570 South Korean businesspeople to arrive Vietnam today
The donation is of great significance in the face that the treatment of Covid-19 patients in Bac Giang remains a long way to go. Taiwan-based Buddhist Tzu Chi Foundation with a network in 47 countries has offered Covid-19 relief in Vietnam’s northern province of Bac Giang, an epicenter in the fresh outbreak. Tzu Chi Foundation offers Covid-19 relief to Bac Giang Red Cross Society. Photos: Tzu Chi On June 22, a group of 22 volunteers of the Taiwanese international humanitarian and non-governmental organization handed over goods worth VND885 million (US$38,470) to the Vietnam Red Cross Society (VRCS) – Bac Giang. The handing over of N95 masks, medical gowns, hand sanitizer, instant noodles, and seasoning was hosted by Bac Giang Group Media (BGG). A volunteer of the Tzu Chi Foundation said the situation in Bac Giang has prompted their support with an aim to share the burden of frontline workers and affected people. They wish their sharing would partly … [Read more...] about Tzu Chi Foundation shares burden in Vietnam’s epicenter
Tax authorities said they would review the roadmap of taxation collection and pilot tax withholding at some e-commerce sites. A new circular released by the Vietnamese Ministry of Finance has been criticized for affecting the operation of e-commerce platforms and their hundreds of thousands of sellers. Under Circular No. 40, which will take effect on August 1, e-commerce platforms are required to declare and pay tax on behalf of third-party sellers on the platforms. Sendo said the application of the Circular will require a team of tax professionals to classify taxable revenue and tax rates applied. Photo: Grab The circular on value-added tax, personal income tax, and tax administration for business households and individuals are expected to collect tax from some people who obtain income on electronic commerce platforms but for years have not paid taxes. The tax authorities have asked e-commerce and delivery companies to take responsibility for the tax … [Read more...] about Would withholding tax on e-commerce be possible?