DRAFT LAW TO GLOBALISE LOGISTICS AREAS
Vietnam might, for the first time, allow 100 per cent foreign-invested firms in three logistics service areas, paving the way for an influx of foreign investment capital in the sector.
FIVE COMMERCIAL BANKS TO PILOT E-TAX PAYMENT
The General Department of Viet Nam Customs has choses five commercial banks namely Vietcombank, Vietinbank, VIDB, MB and Teckcombank to launch e-tax payment from November, 2017.
TALENT MANAGEMENT VIETNAM 2017 IS COMING BACK!
The digital revolution is reshaping the way we live and the way we work. HR needs to be more adaptive with the business transformation. But there are many questions yet to be answered: What will the future hold for HR? How will digitalization and Industry 4.0 impact HR and Talent Management? What local Business and HR perspectives are now? That’s why CEOs and HR professional, Talent Leaders need a talent management strategy in the digital age.
BETTER MANAGEMENT OF BOT, BT PROJECTS NEEDED: INSPECTORATE
The Government Inspectorate has found irregularities in the management of BOT (Build-Operate-Transfer) and BT (Build-Transfer) projects in HCM City, including the use of inappropriate contractors.
PM URGES LOWER INTEREST RATES, TAXES STABLE
The Government has instructed corresponding administrative authorities to aim for a 0.5 per cent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.
AIRPORT SERVICE FEES TO INCREASE FROM OCTOBER
Airline passengers will have to pay more for tickets starting October 1 when the Ministry of Transport starts applying increased airport service charges to cover investment costs of the airport system and raise service quality. However, the extent of the increase is not expected to be significant and airlines will still offer reduced price tickets.
FIRMS WARY OF 2018 E-INVOICING
Rushing to replace paper bills with e-invoices is expected to pose a challenge to many businesses. The Ministry of Finance is drafting a circular on invoices, noting that paper bills will be replaced by e-invoices from the start of 2018. However, businesses have complained that they are not prepared for the change.
INVESTMENT OPPORTUNITIES IN LOGISTICS SERVICES
In spite of holding numerous advantages for strong development of logistics industry, Vietnam's logistics growth is still very modest. In early 2017, the Prime Minister of Vietnam issued Decision 200/QD-TTg with a view to increasing the share of logistics services to GDP to 8 - 10 per cent in 2025, four times more than now.
