STIMULUS TO REVIVE TOURISM
As international routes have not been reopened, domestic tourism has become a key market for all inbound, outbound and domestic travel companies. Localities have simultaneously responded to the national stimulus program to attract domestic tourists.
WHA IZ 1: SPOTLIGHT IN NGHE AN FOR SOUTH KOREAN INVESTORS
Located in Dong Nam Economic Zone, a key economic centre of the central province of Nghe An, WHA Industrial Zone 1 – Nghe An is a spotlight among foreign investors, especially financiers and enterprises hailing from South Korea.
INDUSTRIAL PRODUCTION EXPANDS 2.8% IN FIRST HALF
Viet Nam’s index of industrial production recorded a year-on-year rise of 2.8% in the first six months of 2020, according to the General Statistics Office.
NEW PPP LAW A MILESTONE FOR VIETNAMESE INFRASTRUCTURE MARKET: FITCH SOLUTIONS
In a statement issued last week, the primary distributor of Fitch Ratings content said it had earlier provided an analysis relating to a draft version of the PPP law, in which Fitch Solutions noted the potential to improve the existing PPP framework in Vietnam.
BANK ACCOUNTS OF LOCAL ADVERTISERS TO BE DRAINED FOR FACEBOOK AND GOOGLE TAX ARREARS
Under the new tax law, banks are allowed to deduct taxes for cross-border service suppliers on their earnings from Vietnam following Clause 27 of the Law on Tax Administration. That means banks are allowed to take taxes out of the bank accounts of companies which have been making transactions with overseas services suppliers, especially Facebook and Google.
HONG KONG TECHNOLOGY COMPANIES TO SHINE AT GLOBAL STAGE
Strengths in technology and innovation have helped Hong Kong successfully contain the COVID-19 outbreak and cope with its related impact. Businesses are quickly evolved to introduce innovative solutions, thanks to our well-established ecosystem of abundant capital, excellent research capabilities, international talents, and stringent intellectual property protection.
DOMESTIC PROPERTY MARKET FACING UNCERTAINTY: INSIDERS
The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic, according to insiders.
FABRIC PRODUCTION AN ISSUE FOR TEXTILE INDUSTRY
“To take those advantages, the local textile and apparel enterprises must strengthen links among them to focus all sources on manufacturing materials meeting requirements on product origin in FTAs like the EU-Việt Nam Free Trade Agreement (EVFTA), especially fabric for producing export garment products," he told Việt Nam News.
