Which retirement plans offer tax benefits

However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

During the first year of serving as a non-permanent member of the UNSC for the 2020-2021 tenure, Vietnam made a number of hallmarks such as pushing forward the UNSC’s adoption of the Presidential Declaration on the compliance with the UN Charter, organising the ASEAN-UN dialogue, and especially proposing and promoting the UN General Assembly’s Resolution on designating December 27 as International Day of Epidemic Preparedness for the first time. … [Read more...] about VIETNAM NEWS JANUARY 20

Hanoi (VNA) - Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), has estimated that its third-quarter profits stood at more than 171 billion VND (7.37 million USD). It sold more than 925,000 tonnes of products, exceeding the quarterly plan by 24.8 percent, posted total revenue of over 9 trillion VND, and contributed more than 972 billion VND to the State budget. The numbers reflect the significant efforts BSR has made amid many difficulties caused by COVID-19, which has impacted the firm in terms of both material supply and product consumption. It reported total revenue of more than 31.7 trillion VND in the first half of this year, down 38 percent against last year. A loss of 4.25 trillion VND was incurred in the first half after it enjoyed a post-tax profit of 704 billion VND in the same period of 2019. BSR reported revenue of more than 13.7 trillion VND in the second quarter alone, down by more than half compared to last … [Read more...] about Binh Son Refining and Petrochemical JSC reports Q3 profits

The Q&A format, restricting the time for questions down to one minute each and answers down to three minutes each, proved to be effective and was appreciated by both NA deputies and citizens alike, said NA Chairwoman Nguyen Thi Kim Ngan during her closing speech. … [Read more...] about Deputy PM fields lawmakers’ concerns on SEZs, cryptocurrency: NA

According to Elisa Fernandez Saenz, country representative of the United Nations Women Vietnam, female migrant workers will be more vulnerable to violence, abuse, and exploitation. In general terms, the pandemic has affected the employment and income of more than 32 million workers. Along with that, the average income of informal workers is often much lower than that of formal ones with no social insurance or unemployment benefits, and also have difficulties in accessing social security. … [Read more...] about The migrant women who never quit