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.
CHANGES IN VISAS FOR TRAVEL TO BORDER OR COASTAL ECONOMIC AREAS
The Government has issued Decree No 75/2020/NĐ-CP with detailed regulations on adopting the Law on Entry, Exit, Transit, and Residence of Foreigners in Việt Nam, also known as Immigration Law 2019, which aims to attract foreign investment.
GOV’T ISSUES DECREE GUIDING IMPLEMENTATION OF NEW LAW ON FOREIGNERS’ ENTRY
The Government has issued Decree No. 75/2020/ND-CP on detailed implementation of a number of articles of the newly-amended Law on Entry, Exit, Transit and Residence of Foreigners in Viet Nam.
SOCIO-ECONOMIC SITUATION IN THE SECOND QUARTER AND THE FIRST 6 BEGINNING MONTHS OF 2020
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
REOPENING OF INT’L FLIGHTS CONSIDERED
The Ministry of Transport will consider the reopening of international flight routes to countries and territories which have no new cases of COVID-19 in the community for 30 consecutive days, according to a ministry official.
