The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities. The amended law, which was passed on June 13 at the 14th National Assembly’s seventh meeting, will come into effect on July 1, 2020.
By the end of May, the country’s total exports reached over US$101 billion, up 7.1%, equivalent to US$6.7 billion, over the same period in 2018.
Ensuring national security and sustainable socio-economic development in the context of growing security threats is an urgent and challenging task for all countries around the world, which needs their concerted efforts, Vietnamese Minister of Public Security General To Lam has said.
More than 300 businesspeople from Italy’s Piedmont region and member countries of the ASEAN gathered at a workshop in Turin city on June 17 and 18 to seek business cooperation opportunities.
Trade between Vietnam and Myanmar reached US$860 million in 2018, making Vietnam the 9th largest trade partner of Myanmar, it was reported at a meeting between Deputy Prime Minister Vuong Dinh Hue and Myanmar Minister of Planning and Finance Soe Win on June 18.
Deputy Prime Minister and Foreign Minister Pham Binh Minh and Foreign Minister of the Ivory Coast Marcel Amon-Tanoh have underlined the need to encourage trade-investment promotion activities between the countries to make further breakthroughs in economic cooperation.
The General Statistics Office of Vietnam has released a report on Vietnam’s socio-economic development in the first five months of this year.
Private Vietnamese firms have asked the Government to push administrative reform and build a favourable trade and investment climate to make Việt Nam one of the best places to do business in ASEAN and meet the standards of the Organisation for Economic Co-operation and Development (OECD).
Preferential export taxes offered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to be promulgated this month. However, the tax reduction is only one of the incentives for Vietnamese goods when entering markets, not a ‘lifesaver’ for businesses, said the Ministry of Industry and Trade (MoIT).
Prime Minister Nguyen Xuan Phuc suggested that Vietnam and India step up their trade ties during his reception for outgoing Indian Ambassador Parvathaneni Harish in Hanoi on June 17.
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