VBF: WORK PERMIT FOR FOREIGN WORKERS IN VIETNAM AND PROPOSAL FOR A MEETING ON SOME DRAFTS GUIDING THE LABOR CODE
MOLISA has issued the Draft Decree regulating foreign workers in Vietnam for public comments few months ago and currently the Draft is in the final stage of completion. However, given the concerns among businesses on work permits issues as stipulated in the Draft. VBF would like to send a petition letter to MOLISA.
BANKS CUT HOME LOAN INTEREST RATES
Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
'MULTI-LAYERED' BORDER CONTROL DEMANDED AS VN ENTERS 3RD PHASE OF COVID-19 FIGHT
Deputy Prime Minister Vu Duc Dam has tasked border provinces to coordinate closely with border guard force in ensuring 'multi-layered' control of entry and exit to prevent Covid-19 importation.
DA NANG EXTENDS SOCIAL DISTANCING FOR A FORTNIGHT
Da Nang has decided to continue social distancing for another two weeks, limiting gatherings to two people and household shopping to once every three days.
HCM CITY READIES LAND TO EXPAND INFRASTRUCTURE AT IPS AND EPZS, ATTRACT INVESTMENT
HCM City authorities promise to offer competitive land rentals and other incentives at industrial parks (IPs) and export processing zones (EPZs) besides improving the business environment and simplifying administrative procedures to attract investment.
HOTELS REPURPOSED AS QUARANTINE PLACES FOR FOREIGN EXPERTS
Last month, Ho Chi Minh City People’s Committee proposed to the Immigration Department under the Ministry of Public Security to consider and support the entry of 437 foreigners from 100 agencies, organisations, and businesses to work in Ho Chi Minh City. Among them were 16 investors, 304 technical experts, 37 skilled workers, 51 business managers, and 29 relatives of the above.
ENTERPRISES ENTITLED TO 30% CORPORATE INCOME TAX CUT
The 30% CIT reduction is applied to all incomes that meet tax cut conditions specified in the resolution, not excluding incomes ineligible for incentives under the Law on Corporate Income Tax such as income from real estate transfer, capital transfer, mining income and income from services subject to special consumption tax.
CENTRAL BANK CUTS RESERVE INTEREST RATE TO AID THE ECONOMY
The State Bank of Việt Nam (SBV) on Thursday announced its decision to cut the interest rate it pays on commercial banks' reserves by 0.2-0.5 percentage points as part of its efforts to help the economy weather the impact of the COVID-19 pandemic.
