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.
REGIONAL MINIMUM WAGE MAY BE UNCHANGED IN 2021
Due to the impact of the COVID-19 pandemic on the country’s economy and enterprises’ operation, almost all members of the National Salary Council agree with the plan to maintain the existing regional minimum wage by the end of 2021.
VIETNAM PROVIDES ANOTHER AUTOMATIC EXTENSION OF TEMPORARY STAY FOR FOREIGNERS UNTIL AUGUST 31
Vietnam currently provides an automatic extension of temporary stay through August 31, 2020, for foreigners who entered Vietnam with a visa exemption certificate, e-visa, or tourist visa on or after March 1, 2020, and intend to depart Vietnam during the period of extension (by August 31, 2020).
NEW WAVE OF COVID-19 TO THREATEN STILL-STRUGGLING GARMENT INDUSTRY
With the second wave of Covid-19, Vietnam's textile and footwear industries, still reeling from the impact of the first, are likely to see things worsen.
