Want to be in the loop?
subscribe to
our notification
Business News
HO CHI MINH CITY PROPOSES 3-MONTH DELAY FOR SEAPORT FEES
Ho Chi Minh City Department of Transport has proposed delaying the collection of seaport infrastructure fees for three months to help businesses weather the COVID-19 storm.
The department has just issued a document to business associations seeking comments on a draft amendment to the collection of seaport infrastructure fees in Ho Chi Minh City.
The city will start a pilot programme to collect seaport infrastructure fees on June 25 before official implementation begins on July 1. Due to the resurgence of COVID-19 in the city, several enterprises and business associations have proposed to delay the collection to support them during the tough time.
Ho Chi Minh City Department of Transport has drafted a dossier to amend and supplement Article 1.5 of Resolution No. 10/2020/NQ-HDND on the fee rates for the use of infrastructure works, service works, and public utilities in the port border area in Ho Chi Minh City.
Accordingly, the department has proposed to delay the collection for three months until October 1 instead of July 1 as scheduled. According to the report submitted to Ho Chi Minh City People's Council, the 3-month timeline is based on the scenario that the COVID-19 pandemic can be basically controlled in July. Thus, there will be two months for businesses to recover from the pandemic.
Thus, foregoing an estimated VND723 billion ($31.43 million) in these three months, the department said that this is a "support for production and business enterprises as well as export-import enterprises to ensure the realisation of the dual goals of both drastically preventing the COVID-19 pandemic and promoting socioeconomic development".
Before that, many businesses and business associations have sent requests to Ho Chi Minh City to consider delaying the fee collection time. In particular, the associations suggested reviewing the regulations on fees. Currently, the tax rate is being regulated differently for businesses that open declarations in and outside Ho Chi Minh City.
Source: VIR
Related News
WHEN THE DRAGON BOAT FESTIVAL COMES, IT IS THE TIME FOR THE ZONGZI
Every bite carries the memory of tradition
VIET NAM IN RACE TO ATTRACT NEW GENERATION INVESTMENT
Viet Nam is gradually changing its economic growth model, shifting the structure towards creating high-added value. This means it needs to attract new generation investment and technology exchange in order to create sustainable development for domestic enterprises.
LOTTE WINE DINNER – A VINEYARDS VOYAGE: THE NEW IMMERSIVE WINE AND CULINARY AFFAIR
Ottimo House Trattoria at LOTTE HOTEL SAIGON is excited to introduce its newest exclusive private dining experience, Lotte Wine Dinner – A Vineyards Voyage, scheduled for Friday, May 31st 2024, from 6:30 PM to 9:30 PM.
SEMINAR: BUSINESS SPOTLIGHT - THE HONG KONG-INSPIRED PRESENCE NESTLED IN THE HEART OF HANOI'S EAST
16h00 - 18h00, Wednesday (May 22nd, 2024)Almaz Convention Center - Hanoi (GG map: https://maps.app.goo.gl/YtWyGgkiTwWvFnfX6)
SOILBUILD EXTENDS ITS HORIZONS INTO VIETNAM INDUSTRIAL REAL ESTATE
Soilbuild Group, an integrated real estate group, has broadened its investment in industrial real estate to Vietnam through its Soilbuild International division. The official launch of Soilbuild International (Vietnam) took place in Hanoi on May 9th, 2024, and was attended by esteemed guests, including domestic and international partners.
VIETNAM SECURES REMARKABLE ECONOMIC SUCCESSES SINCE NATIONAL REUNIFICATION
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world. Back to 1975, Vietnam, torn by two major wars, was a backward economy dependent on agriculture and foreign assistance. Foreign loans and aid accounted for over 63 percent of its budget.