Much to the surprise, and delight, of almost everyone, Vietnam has not only improved its performance on the global innovation index this year, but outperformed nearly two thirds of other economies.
A sound and stable Vietnam-India trade relationship is more important than ever, said speakers at a recent business forum in Ho Chi Minh City sponsored by the VCCI.
State President Truong Tan Sang will attend the United Nations Summit for the adoption of the post-2015 development agenda in New York, the U.S. from September 24-28.
Vietnam’s trade revenue totaled over US$ 216.76 billion in the first eight months of this year, increased by 12.9 per cent over the same period last year, according to General Department of Customs.
The government has estimated that it will lose around US$77 million of tax revenue annually between 2016 and 2025, when new free trade agreements take effect and eliminate a majority of import duties.
Although facing economic fluctuations regionally and globally, ministers reaffirmed their determination to establish the ASEAN Economic Community (AEC) by the end of 2015.
Vietnam has witnessed strong growth in the first half of 2015, driven by buoyant private consumption and foreign direct investment (FDI).
On September 10, 2015, the Government issued Decree No. 76/2015/ND-CP regulating implementation of Law on Real Estate Business 2014.
According to the HCM City People's Committee, the investment budget for road traffic projects in the next five years will be VND124 trillion (US$5.5 billion) tripling the amount in the period of 2011-2015.
The Tax Pocket Guide is a concise synopsis of key regulations and tax considerations for investors considering setting up businesses in Vietnam.
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