Want to be in the loop?
subscribe to
our notification
Business News
IT COMPONENTS GET PREFERENTIAL TAX TREATMENT
Major IT products, regulated in Circular No 164 issued by the MoF on November 15, 2013, include laser-etched rubber keyboards with polyurethane coating and temperature resistance of 150 degrees Celsius, and vibrating motors for mobile phones of no more than 30mm diameter and a capacity of less than 0.5W.
Enterprises are required to register their list of imported materials, components and ancillary parts with sub-customs departments before importing the first batches of goods. While completing the customs procedures, the companies must submit official documents to request for a preferential tax rate for their imported items.
Source: VIR
Related News
VIETNAM ECONOMY INVESTMENT
VIET NAM’S EXPORT-IMPORT TURNOVER HITS OVER US$681 BLN BY MID-NOVEMBER
As of November 15, Viet Nam's total import-export turnover reached US$681.48 billion, a year-on-year increase of 15.7 percent, reported the General Department of Viet Nam Customs.
BANKING / FINANCE / INSURANCE / TAX
FROM 2026, SMALL BUSINESSES WITH REVENUES UNDER VNĐ200 MILLION WILL BE EXEMPT FROM VAT
Effective January 1, 2026, a new regulation approved by the National Assembly (NA) on Tuesday will exempt individuals and household businesses with annual revenues below VNĐ200 million (approximately US$7,870) from value-added tax (VAT).
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
NAM DINH TO BUILD TWO NEW INDUSTRIAL CLUSTERS
Its primary industrial activities are mechanical engineering, supporting industries, food processing, pharmaceutical production, automotive parts manufacturing, electronics assembly, electrical equipment production and other manufacturing and processing industries.
TECHNOLOGY
TELECOMS SERVICE PROVIDERS INVEST IN 4G, 5G TECHNOLOGIES
The Ministry of Information and Communications (MIC) cited the Groupe Speciale Mobile Association (GSMA) and Ericsson as predicting that 4G will remain the dominant technology with the majority of subscribers, 55 per cent, to 2025.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
INVESTORS BETTING ON CONSTRUCTION STEEL THROUGH 2025
"During 2025-2026, MBS expects construction steel and hot-rolled coil steel to increase by 7 per cent and 8 per cent, respectively, due to rising demand and easing pressure from China. Domestic manufacturers stand to gain market share as anti-dumping duties take effect in December," noted the MBS steel sector Q3 report.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HAI PHONG: CONSTRUCTION OF THE CARGO TERMINAL AT CAT BI INTERNATIONAL AIRPORT
The cargo terminal at Cat Bi International Airport, with a total investment of 724 billion VND, is designed to handle 100,000 tons of cargo per year, expandable to 250,000 tons. The project is set to be operational by January 2026.
Events Sponsors
