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Update news TPP
Agoda, Traveloka, Booking and Expedia have to pay VAT (value added tax) and CIT (corporate income tax), which is 5 percent of total revenue, for profits from doing business in Vietnam, according to the Ministry of Finance (MOF).
VietNamNet Bridge - In early 2019, Vietnam will launch LOTUSat-1, a satellite with radar technology that will observe the Earth. Three years later, it will launch LOTUSat-2.
VietNamNet Bridge - More and more green architecture awards have been given to buildings in Vietnam, a refection of the country's effort to develop construction works friendly to the environment.
Agriculture was never found on the list of the most attractive investment channels for those who have idle money. But things are changing.
Dam Quang Minh is well known in Vietnam for not only being the youngest university rector, but also as the educator who cherishes the dream of exporting Vietnam’s education.
VietNamNet Bridge - More than 70 percent of Vietnam’s total export turnover belongs to foreign-invested enterprises (FIEs), while Vietnamese enterprises still cannot join the global value chain.
VietNamNet Bridge - Analysts believe that modern drug retail chains will replace traditional drugstores in the near future, following the trend of modern supermarkets.
VietNamNet Bridge - Anti-globalization and protectionist attitudes are increasing in some countries, but Vietnam still has an open economy. This means big challenges for Vietnam in upcoming days.
Analysts say the success stories of Flappy Bird, Politaire and DesignBold show that Vietnam can produce quality intellectual property. But experts say that Vietnam needs to create favorable conditions for talented people to promote their abilities.
VietNamNet Bridge - The well-off are often willing to spend tens of millions of dong for every child, equal to six months of income of many poor people.
Thanks to the monetary policy maintained by the State Bank (SBV) in 2016, cash flow to the stock market was strong, which helped support the VN Index. Will the same trend occur in 2017?
VietNamNet Bridge - Despite stiff competition and high operation costs due to high rent, more and more coffee chains, both foreign and Vietnamese, have opened recently.
VietNamNet Bridge - Vietnam plans to have at least 10 hi-tech agriculture production zones comprising 200 enterprises by 2020. To date, it has attracted 20 enterprises.
VietNamNet Bridge - During three years working at University of Colorado at Denver, Prof Vu Ngoc Tam received nine US patents and many prizes at technology conferences.
VietNamNet Bridge - The dry season in 2017 is expected to be less severe than in 2016, but Mekong Delta will still face a lack of fresh water and saline intrusion, scientists say.
VietNamNet Bridge - In order to increase revenue, universities are expanding their training scale, receiving as many students as possible and lowering requirements on students.
VietNamNet Bridge - Vietnam has been successfully calling for foreign direct investment (FDI) in the last 10 years, but in order to improve the quality of FDI projects, it needs new policies and technologies.
VietNamNet Bridge - Beer companies have been prospering in Vietnam, a large market with 90 million people and consumption of 3.8 billion liters of beer in 2016.
The possible end of the TPP may not be as bad for Vietnam’s textile and garment sector as it first appears.
VietNamNet Bridge - The ‘buy American, hire American’ campaign will affect Vietnam’s exports to the US as well as US FDI (foreign direct investment) to Vietnam.