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BANKING / FINANCE / INSURANCE / TAX

ENTERPRISES HURT BY COVID-19 PROPOSED FIVE MONTHS TAX PAYMENT LENIENCY

In the draft decree extending the deadline for tax and land rent payment, the Ministry of Finance (MoF) assessed that most industries and sectors, especially micro- and small-sized enterprises, individuals, groups of individuals, production households, and businesses are affected by the COVID-19.

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PROPERTY / INDUSTRIAL ZONE

ENCOURAGING SIGNS IN REAL ESTATE ARENA

Due to orders from local authorities to avoid holding public events during the current global coronavirus scare, real estate developers have been delaying their launch ceremonies to introduce products to the market. Buyers are instead seeking information via online channels rather than such events.

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HOT NEWS

GOV’T TEMPORARILY SUSPENDS UNILATERAL VISA EXEMPTION FOR 8 COUNTRIES DUE TO COVID-19 OUTBREAK

The Government has decided to temporarily suspend visa-wavier program for citizens from Denmark, Norway, Finland, Sweden, the United Kingdom, France, Germany, and Spain amid complicated developments of the COVID-19 epidemic.

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HONG KONG RELATED NEWS

NOWHERE TO APPLY FOR FUNDING? HKPC’S “SME REACHOUT” HERE TO HELP

Amid difficult business environment, Hong Kong Productivity Council (HKPC) knows SMEs well in the urgent need of cash flow to keep business running. The newly established SME ReachOut Support Team is here to help SMEs through introducing and matching the appropriate funding schemes, getting well equipped to bounce back.

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PROPERTY / INDUSTRIAL ZONE

NEWLY ISSUED DECREE 25 UNPLUGS BOTTLENECKS FOR REAL ESTATE PROJECTS

Decree No.25/2020/ND-CP (Decree 25) issued by the prime minister on February 28, 2020 has broken through the biggest obstacles facing real estate projects nationwide in land bidding and implementation.

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HOT NEWS

GOV’T TO SUSPEND GRANT OF NEW WORK PERMITS TO FOREIGNERS FROM CORONAVIRUS-HIT AREAS

Prime Minister Nguyen Xuan Phuc requested the Ministry of Labor, Invalids and Social Affairs to temporarily suspend grant of new work permits to foreigners who come from novel coronavirus hit areas.

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TECHNOLOGY

TECH TITANS LINE UP TO SEIZE 5G ADVANTAGES

“The Hanoi facility is one of the new moves we are planning to take in Vietnam, where we expect to have more new orders for our services and products when 5G will be commercially launched,” Nam Thieu, country manager of Qualcomm in Vietnam, Laos, and Cambodia, told VIR.

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HOSPITALITY / TOURISM / ENTERTAINMENT

VN SUSPENDS VISA-WAIVER PROGRAM FOR ITALIAN CITIZENS

The Government of Viet Nam has decided to temporarily suspend visa exemption for citizens from Italy since March 3 amid fast rising COVID-19 infections in the European country.


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