The State Bank of Viet Nam’s headquarter in Ha Noi. — Photo baochinhphu.vn The State Bank of Viet Nam (SBV) has issued an official letter to credit institutions and foreign bank branches on information provision and coordination with tax administration agencies. SBV proposes credit institutions follow Government decrees on keeping secret and providing customer information of credit institutions, foreign bank branches and circulars and guiding documents of the Ministry of Finance on providing information and coordinating with tax administration agencies. The letter lists several legal provisions: The Law on Tax Administration 2019, Clause 2, Article 27 stipulates the duties and powers of commercial banks in providing information on account numbers according to taxpayers' tax identification numbers when opening an account. Point a and Clause 2, and Article 98 provides for the responsibility of commercial banks in offering transaction information through taxpayers' accounts. … [Read more...] about Credit institutions to provide customer information to tax authorities
2019 afc asian cup
Hanoi helps firms implement trade deals
Double digit export growth According to the Hanoi People’s Committee, the export turnover of goods in June 2022 reached about US$1.517 billion, up 6.8 percent from May 2022 and 17.5 percent from June 2021. In the first half of this year, the commodity exports turnover reached US$8.3 billion, up 17.1 percent over the first half of 2021. Some key items with increased export turnover in this period included textile and garment, reaching US$1.22 billion, up 29.6 percent; computer components and peripherals, US$1.072 billion, up 20.2 percent. The total import turnover of goods hit US$3.675 billion in June and US$20.5 billion in the first six months of 2022, the latter of which is 24.5 percent higher than the same period in 2021. Among the items of highest value were machinery, equipment and spare parts reaching US$2.996 billion, down 5.6 percent; petroleum US$2.934 billion, 2.8 times higher than the same period in 2021; computers, electronic goods and components at US$1.535 … [Read more...] about Hanoi helps firms implement trade deals
International Fisheries Exhibition-Vietfish 2022 returns to HCMC from August 24
illustrative photo With the message ‘Asian seafood house’, the Vietfish 2022 International Seafood Exhibition organized by the Association of Seafood Exporters and Producers - VASEP will take place from August 24 to 26, 2022 at the Saigon Exhibition and Convention Center (SECC) at 799 Nguyen Van Linh in Ho Chi Minh City’s District 7. The event will see the participation of nearly 200 units with 362 exhibition booths in various fields. The Vietfish 2022 not only connects leading enterprises in the quality of shrimp, fish, and mollusks but also businesspersons can collect the latest information and achievements in seed, animal feed, biological products, equipment technology, production and processing. Attendees can experience directly the models, and technology and directly evaluate the quality of seafood through fresh or ready-made products at the booth. Additionally, Vietnamese consumers will have the opportunity to learn and enjoy 100 percent Vietnamese seafood products … [Read more...] about International Fisheries Exhibition-Vietfish 2022 returns to HCMC from August 24
Vietnam, UK cooperate in fighting illegal immigration
The dialogue was part of U.K. Home Office Permanent Under-Secretary Matthew Rycroft's two-day visit to Vietnam. The dialogue aimed to improve migration cooperation, deliver on the potential of the existing migration partnership and discuss key issues, including four pillars: communication on immigration and safe migration, migrant returns, fraudulent documents and updated policies on immigration and migration management, and addressing human trafficking. Rycroft and Luong Tam Quang, Vietnam's Deputy Minister of Public Security, discussed collaboration in tackling serious organized crimes with a focus on human trafficking and supporting and protecting victims, the British Embassy in Hanoi said in a statement. "Tackling illegal migration and human trafficking is hugely important and mutually beneficial to both countries," Rycroft said. "We are committed to working together on ensuring safe and legal routes to the U.K. as well as protecting victims of human trafficking, and … [Read more...] about Vietnam, UK cooperate in fighting illegal immigration
Crushed: family mourns husband, son killed in UK fire
Tran Thi Huy, 28, of Dien Chau District in the north central Nghe An Province, is the wife of 31-year-old Nguyen Van Uoc, who has been confirmed dead in a mill fire in Oldham, Manchester back in May. On Saturday, Huy received a phone call from the U.K. The person on the other side was a representative of the Manchester police, informing her fingerprint analyses of a body found in the aftermath of the fire showed that it belonged to Uoc, one of four Vietnamese nationals reported missing last month. They said a DNA analysis would be done next to confirm the fingerprint analysis. A month ago, hair and nail samples of Uoc’s family members were sent to the U.K. police by a Vietnamese citizen living in the U.K. who came back home to collect them. "We have been praying hard at the altar, hoping a miracle would happen for Uoc. But that hope is gone," Huy said. At the end of 2016, just months after the couple had welcomed their second child, Uoc left his wife and family and went to … [Read more...] about Crushed: family mourns husband, son killed in UK fire
Minh Khac represents Vietnam at Man of The Year 2022
Nguyen Minh Khac, the runner-up of The Next Gentle Man contest, arrived in the Indonesian province of Bali on August 15 to compete in the Man Of The Year 2022 pageant. Born in 1992 in Ho Chi Minh City, Khac stands at a height of 1.82 metres. The Vietnamese model graduated from Ho Chi Minh City University of Economics and received plenty of compliments due to his masculine appearance and strong communication skills. In late April this year Khac won the runner-up title of The Next Gentle Man contest and was subsequently chosen to vie for the Man of The Year 2022 title. The 2022 pageant, the fifth of its kind, aims to seek outstanding male talents who possess a good look, take an interest in social issues, and demonstrate the ability to have a positive impact on their respective communities. Its grand finale is scheduled to take place in Bali, Indonesia, on August 23. In 2019 Vietnamese model Tuong Ngoc Minh was named as first runner-up of the Man of The Year … [Read more...] about Minh Khac represents Vietnam at Man of The Year 2022
Vietnam Airlines opens ticket sales for upcoming Tet Holiday
Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam Airlines Group , which manages Vietnam Airlines, Pacific Airlines and VASCO, has opened ticket sales for Lunar New Year (Tet) Holiday in the period from January 6 to February 5, 2023. Tickets have been available on Vietnam Airlines’ website, mobile app and official ticket offices and agents nationwide from August 15. Along with domestic flights, the carrier will increase flights connecting Vietnam and Asian countries such as Singapore, Thailand, Laos, Cambodia, the Republic of Korea, and those between Vietnam and Australia. It plans to double its international flight number in the period amid the loosening migration regulations in many countries and territories. On the occasion, Vietnam Airlines offers special ticket fare from 1.86 million VND (79.48 USD) per leg, including taxes and fees, for business class; and 785,000 VND per leg, including taxes and fees, for economy class. The promotion is applicable … [Read more...] about Vietnam Airlines opens ticket sales for upcoming Tet Holiday
☕ Afternoon briefing on August 15
Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 15. – President Nguyen Xuan Phuc offered incense to President Ho Chi Minh at the late leader’s temple at Ba Vi Mountain in the outskirt of Hanoi on August 14, on the occasion of President Ho Chi Minh’s 53rd death anniversary and the 53 years of implementing his testament. President Phuc was accompanied by former National Assembly Chairman Nguyen Sinh Hung as well as incumbent and former leaders of the Party, State, Vietnam Fatherland Front, ministries, sectors and localities as well as representatives from the Nguyen Sinh and the Hoang Xuan families from Nghe An’s Nam Dan district – the hometown of President Ho Chi Minh. Read full story – The National Assembly (NA) Standing Committee opened a four-day law-making session in Hanoi on August 15, with 11 draft laws, ordinances and resolutions to be tabled for discussion. The draft laws include the Law on Petroleum … [Read more...] about ☕ Afternoon briefing on August 15
QR payments help small vendors
A customer pays at a coffee shop using a QR code. — VNS Photo Doan Tung Despite having no small cash in his pocket, Hoang Duong can still pay for his cup of tea to a vendor in Quan Thanh street, Ha Noi, by scanning a QR code from his smartphone even though the cost is only VND3,000 (US$0.13). The vendor Nguyen Thuy Hang, 44, said: “I allow all payment of cash, transfer or scanning QR code.” Hang told Viet Nam News: “It helps me a lot in collecting small money. Sometimes, customers don’t have small money, and I also don’t have enough money to return their big cash. I often tell them to pay next time, but both of us forget about it, and I lose money as a result.” “Now, I select from VND1,000 with the code. I just print it on the coffee box, and customers just need to scan it easily. They don’t need to ask my bank account or anything.” Meanwhile, Hoang Duong, the payer, said: “I am so lucky, my wife helped me install an e-wallet recently. If not, I would need to go to another … [Read more...] about QR payments help small vendors
Vietnam, Qatar eye free trade agreement
The countries attempt to strengthen relations on politics, economics, energy, tourism, and manpower to tap potential of both. Vietnam’s Prime Minister Pham Minh Chinh has requested Vietnamese and Qatari authorities to speed up negotiations on a bilateral free trade agreement. Vietnam’s Prime Minister Pham Minh Chinh meets Qatar’s Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani in Hanoi on August 15. Photo: VGP He requested the two countries to ink an agreement on visa exemption for ordinary passport holders. On the same day, Vietnamese Minister of Foreign Affairs Bui Thanh Son met Sheikh Mohammed bin Abdulrahman Al-Thani, agreeing to boost trade promotion activities, facilitating exports to each market. The top diplomats also agreed to enhance cooperation at international forums, including the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC). Qatari Deputy Prime … [Read more...] about Vietnam, Qatar eye free trade agreement