NEW PROPOSAL REQUIRES E-COMMERCE PLATFORMS TO PAY TAXES OF SELLERS
At a press briefing on September 27, Dang Ngoc Minh, deputy director general of the General Department of Taxation (GDT) announced that the revised draft of the Law on Tax Administration includes a proposal requiring e-commerce platforms to declare and pay taxes on behalf of sellers. This measure aims to strengthen the effectiveness of tax management in the growing digital economy.
THE MUSIC OF ABBA
The event details are as follow:
• Date: Saturday, October 5th, 2024
• Time: 20:00 - 22:00
• Venue: Hoa Binh Theater
FOREIGN INVESTORS KEEN ON LNG INFRASTRUCTURE IN VIET NAM
Many foreign investors, particularly from the US, have expressed interest in investment opportunities in Việt Nam’s liquefied natural gas (LNG) infrastructure market to meet the country's energy needs.
MANY BANKS STOP TRANSACTIONS OF ATM MAGNETIC CARDS
According to Sacombank, it stopped issuing new magnetic cards in 2017 and encouraged customers to switch to chip cards. At the same time, the bank has gradually removed magnetic cards that were unused or had very few transactions since 2019, when the State Bank of Vietnam issued a set of basic standards for domestic chip cards.
HCMC TARGETS 40% HIGH-TECH CONTRIBUTION TO GRDP BY 2030
HCMC has set an ambitious target for high-tech industries to account for 40% of its gross regional domestic product (GRDP) by 2030, said Phan Van Mai, chairman of the HCMC People’s Committee. Speaking at the Friendship Dialogue 2024, themed “Industrial Transformation: Experiences and Priorities in Development Cooperation,” today, September 24, Mai emphasized the importance of shifting from traditional industries to high-tech and high value-added sectors.
EXPORTS TO SINGAPORE SOAR NEARLY 60% IN AUGUST
Vietnam’s exports to Singapore surged by 58.4% to around S$876.3 million in August, marking the highest level since late 2022, according to Vietnam’s trade office in Singapore. This sharp growth has positioned Vietnam as Singapore’s 18th largest export partner.
VIETNAM’S DIGITAL INDUSTRY REVENUE SOARS IN JAN-SEP
Vietnam’s digital industry has stayed on its high growth path, with revenue hitting a record US$118 billion so far this year, rising by 17.78% against the same period last year. The data was announced by Nguyen Khac Lich, director of the Authority of ICT Industry and Communications under the Ministry of Information and Communications, at the recent Top 10 Vietnam Digital Technology Companies award ceremony.
VIETNAM'S IT SECTOR THIRSTY FOR NEW RECRUITS
The rapid development of the technology market creates numerous job opportunities and poses significant challenges for businesses. One of the most notable challenges is the shortage of skilled professionals. According to the Ministry of Information and Communications, Vietnam's IT market needs to add at least 500,000 technology workers in 2025 to meet demand. This necessitates a pressing need for businesses to implement upskilling and reskilling programmes for their employees.
