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As a result, the Vietnamese government last year issued the Law on Tax Administration. Specifically, Clause 27 of the law allows banks to deduct taxes for cross-border service suppliers on their earnings from Vietnam. That means banks are allowed to take taxes out of the bank accounts of companies which have been making transactions with overseas services suppliers, especially Facebook and Google. … [Read more...] about Indonesian government obligates global tech titans to obey tax duty

Hanoi (VNA) - Vietnamese citizens living in Japan, the Republic of Korea (RoK), and Taiwan (China) can register for self-paid charter flights home from December 1, 2020 to January 15, 2021.  Conducted by Vietnamese carriers, such flights will land at Van Don, Da Nang, Cam Ranh, Can Tho, Phu Quoc, Tho Xuan, and Phu Cat airports.  The full-package costs include air travel, a 15-day quarantine period at a hotel in designated localities, pick-up at airports, three meals a day, COVID-19 testing, and other costs.  According to the Civil Aviation Administration of Vietnam, there will be 33 flights a week from Japan, the RoK and Taiwan (China) to the seven destinations in Vietnam.  Passengers will be tested for COVID-19 twice, upon arrival and prior to the end of the 14-day quarantine./. … [Read more...] about Full-package flights to bring Vietnamese citizens home

HCM City (VNA) – Experts gathered at a recent conference in HCM City to discuss measures to develop a transparent and sustainable property market in Vietnam in the next 10-15 years. Nguyen Duc Hien, deputy head of the Party Central Committee’s Economic Commission, said the real estate market plays an important role, creating valuable assets for the economy, meeting housing demands of residents, and facilitating the development of other markets. However, he noted that the market still sees many limitations such as unsustainable development, ineffective market management due to inconsistent policies, and complicated administrative procedures related to property investment. The country's authorities should focus on amending real estate laws to eliminate inconsistencies and incorporate policies to encourage social housing over the next decade, said Deputy Minister of Construction Nguyen Van Sinh. The Government and the Party had been rolling out numerous policies to support … [Read more...] about Experts seek ways for sustainable, transparent real estate market

Hanoi (VNS/VNA) – Vietnam has missed some economic development opportunities and should not ignore the chance to grow the night-time economy, according to economist Tran Dinh Thien. Thien was speaking at a night-time economy workshop with the focus on tourism and realty development in the southern province of Khanh Hoa last weekend. “Vietnam is a bright spot in the midst of the COVID-19 pandemic. While the world economy is dark, the local one is still bright and stable,” he said, adding “it is a very great opportunity for development.” He said Vietnam has lost many economic development opportunities in the past, including for the night-time economy. Thien said though some cities such as HCM City, Hanoi, and Da Nang had night-time economic activities, there is still no official mechanism to develop modern night urban activities. Thien said some cities have been allowed to pilot mechanisms and policies for night-time economic development. “Khanh … [Read more...] about Vietnam urged to develop night-time economy

Winners of the award have been chosen from a pool of prominent nominees for their notable accomplishments in business and in services to the community. The quality of entries this year was outstanding and showed just how much the M&A market in Vietnam has matured despite this year’s complexities. … [Read more...] about Awards bestowed during Vietnam M&A Forum 2020