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Vietnam Mulls Tax Relief for SMEs
HANOI, Apr. 19 – The Vietnamese government is considering cutting corporate income taxes for small and medium-sized enterprises, Deputy Prime Minister Hoang Trund Hai said on Friday. Speaking at an economic conference in Hanoi, the deputy PM said that the government had issued a resolution aimed at helping the country achieve its growth target of […]
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Latest Draft of Pilot Public Private Partnerships Regulations Released
HANOI, Apr. 16 – The Ministry of Planning and Investment has released the latest draft of regulations on pilot Public Private Partnerships (PPP) projects for infrastructure development. PPP projects are critical for Vietnam to be able to develop its infrastructure as it implements further reforms to grow the economy. It is estimated that Vietnam will […]
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New Issue of Vietnam Briefing: Managing Human Resources in Vietnam
Apr. 15 – In this issue of Vietnam Briefing magazine we tackle the legal aspects of managing human resources in the country. Many foreign investors move operations to Vietnam to take advantage of its large, skilled and inexpensive labor force. As the economy expands further and more business enters the country, it will increasingly become […]
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Foreign Companies Dominate Real Estate Service Market
Apr. 14 – Foreign real estate service providers dominate the market in Vietnam with an estimated 90 percent of market share, reports Vietnam Net Bridge. The top three companies in the industry are foreign players CBRE Vietnam, Savills Vietnam and Colliers, followed by local service providers like Megagroup, Eden, Him Lam and VietRees.
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International Trade Fair Opens in Hanoi on April 14
Apr. 13 – The 20th Vietnam International Trade Fair, also called the Vietnam Expo 2010, will be held in Hanoi from April 14-17. The fair will bring together 700 stalls from 400 companies originating in 20 localities all over the country, as well as companies from 17 countries and territories. This year’s theme is “Vietnam […]
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Hanoi’s Investment Zones Attracts US$30 Million from January to March
HANOI, Apr. 12 – Investment in the capital city’s industrial zones increased during the first three months of 2010 amounting to US$30 million. The figure is two and half times higher compared to the same period last year comprising of investment licenses to 8 projects: three of them from foreign investors and five from domestic […]
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Quang Trung Software City in HCMC to Become Major IT Park
Apr. 9 – Quang Trung Software City (QTSC) located in Ho Chi Minh City will soon be developed into a major information technology park. The software park has been in operation for nine years with a total area of 430,000 square meters designated for software production, research, training, development and distribution. Chu Tien Dung, general […]
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More Labor Inspections Slated for Hanoi Industrial Parks
HANOI, Apr.8 – Local authorities will soon conduct more labor inspections in Hanoi’s industrial parks after a series of worker strikes. In March, 60 Vietnamese workers from Endo Stainless Steel went on strike demanding more pay, subsidies and decreased working hours. “We will launch many inspections of enterprises following signals that workers’ interests have been […]
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Employers Allowed to Use Customized Personal Tax Receipts
Apr. 7 – The Ministry of Finance announced last month that companies may use their own customized personal income tax receipts to issue to employees. Prior to Circular 37, employers had to get pre-printed PIT receipt books from local tax authorities. Employers will be allowed to print their own receipts if they meet the following […]
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Circular Clarifies Tax Deferral Scheme for SMEs
Apr. 6 – A circular issued by the Ministry of Finance last month clarified details of the extension of 2010 corporate income tax payment for small and medium enterprises. Following the previously issued Decision 12, small and medium enterprises will be allowed CIT payment deferral based on their total capital or annual average number of […]