World Economic Forum
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Despite the declining trend overall, 49% Vietnam CEOs in particular, share a positive outlook for business growth in the year ahead.
Foreign-invested enterprises will no longer be allowed to ignore their tax obligations as Vietnamese tax departments step up action on duty-dodging businesses.
Vietnam ranked 79th out of the 141 countries in law compliance cost index this year, referred to as B1 index, up 17 places from 2018, said the Ministry of Justice on October 16.
Economies of East Asia and the Pacific as a region together outperformed other regions of the world with the highest media score – topped off by Singapore which elevated as the world’s most competitive economy.
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Emerging technology and relentless changes in labour markets have forced young people in Southeast Asia to constantly upgrade their skills, research by the World Economic Forum (and Singaporean-based internet company Sea revealed.