Latest News about tax incentives
The Ministry of Finance (MOF), after analyzing the 2019 finance reports of foreign invested enterprises (FIEs), has found a contrast in the business performance of the enterprises.
Shrimp prices have plummeted in the Mekong Delta since global demand has been hit severely by the COVID-19 pandemic.
Tax incentives for developers of social housing projects for lease should be made clear and consistent to encourage private investment in the segment, according to the HCM City Real Estate Association.
The difficulties in the global pandemic are opportunities for Vietnam to expand its role in the global supply chain.
The human mortality rate due to Covid-19 is 3.4 percent worldwide. For businesses, the vulnerability rate is believed to be much higher.
Vietnam still has to import car parts for domestic assembling. As a result, the production cost is high and domestically made products remain less competitive than imports.
VinFast, the automobile manufacturer belonging to Vingroup, said it is selling cars at a loss.
Hybrid, PHEV and EV engines help reduce harmful emissions and save fuel, but they are not favored in Vietnam because of the lack of encouragement measures.
The ratio of cashless payments in Vietnam remains low, standing at only 11.49 percent of total means of payment, according to a recent report from the Central Institute for Economic Management (CIEM).