ENTERPRISES ENTITLED TO 30% CORPORATE INCOME TAX CUT
The 30% CIT reduction is applied to all incomes that meet tax cut conditions specified in the resolution, not excluding incomes ineligible for incentives under the Law on Corporate Income Tax such as income from real estate transfer, capital transfer, mining income and income from services subject to special consumption tax.
CENTRAL BANK CUTS RESERVE INTEREST RATE TO AID THE ECONOMY
The State Bank of Việt Nam (SBV) on Thursday announced its decision to cut the interest rate it pays on commercial banks' reserves by 0.2-0.5 percentage points as part of its efforts to help the economy weather the impact of the COVID-19 pandemic.
REGIONAL MINIMUM WAGE MAY BE UNCHANGED IN 2021
Due to the impact of the COVID-19 pandemic on the country’s economy and enterprises’ operation, almost all members of the National Salary Council agree with the plan to maintain the existing regional minimum wage by the end of 2021.
VIETNAM PROVIDES ANOTHER AUTOMATIC EXTENSION OF TEMPORARY STAY FOR FOREIGNERS UNTIL AUGUST 31
Vietnam currently provides an automatic extension of temporary stay through August 31, 2020, for foreigners who entered Vietnam with a visa exemption certificate, e-visa, or tourist visa on or after March 1, 2020, and intend to depart Vietnam during the period of extension (by August 31, 2020).
NEW WAVE OF COVID-19 TO THREATEN STILL-STRUGGLING GARMENT INDUSTRY
With the second wave of Covid-19, Vietnam's textile and footwear industries, still reeling from the impact of the first, are likely to see things worsen.
GOV’T STRIVES TO PUT EASTERN NORTH-SOUTH EXPRESSWAY INTO OPERATION IN 2022
Deputy Prime Minister Trinh Dinh Dung urged the Ministry of Transport to accelerate progress of the Eastern North-South Expressway so that it could be completed by 2021 and put into operation in 2022.
SOCIO-ECONOMIC SITUATION IN THE FIRST SEVEN MONTHS OF 2020
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
BANKS ARE RACING TO CATCH DIGITISATION TREND: EXPERT
With many people looking for new options to deal with their financial affairs, digitisation of services and e-payments are becoming crucial, and banks, seizing the trend, have been embarking on the use of technology 4.0 and modernising their business models.
