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However, according to Decree 71/2007/ND-CP detailing and guiding the implementation of a number of articles of the Law on Information Technology, specifically Articles 8, 9, 10, 11 of Section 1, Chapter 2, games are generally considered digital information content products. Therefore, games on Steam are subject to 10% VAT in accordance with the current law. This is the selling price currently applied when paying by the method of domestic banks affiliated with VTC Pay. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes

Nguyen Trong Hieu, deputy head of the Institute of Business Studies and Development, said though the fund could not lend to more than 5 percent of the total number of SMEs in the country, it is still a major step in supporting startups, which are struggling to access bank credit. … [Read more...] about Banks out of loop, government fund to lend directly to startups

Nguyen Thanh My, who was out on bail to serve an investigation into the violations at Sagri, has died - PHOTO: THE MINISTRY OF PUBLIC SECURITY HCMC - Nguyen Thanh My, former deputy head of the planning and investment division at State-owned company Saigon Agriculture Incorporated (Sagri), died of a disease while he was out on bail to serve an investigation into alleged violations of regulations on the management and use of State assets at the company. … [Read more...] about Former Sagri official dies

The retreat is the opening event of the ASEAN Chairmanship Year of Brunei in 2021 with the theme “We Care, We Prepare, We Prosper”. At the event, ASEAN foreign ministers will discuss a wide range of issues, including the implementation of outcomes of the 37th ASEAN Summit that took place in November 2020 in Hanoi, and major tasks and priorities of the grouping in 2021, as well as issues of the association’s external relations and regional and international matters of common concern. Earlier, speaking at the first press conference of the Foreign Ministry in 2021, Hang said that 2020 witnessed special and unprecedented things. Along with socio-economic and traditional security issues, the COVID-19 pandemic has posed widespread and deep impacts on all aspects of life at global level and on each country and people. She affirmed that in this context, with the consensus and efforts of the whole political system and people, Vietnam gained encouraging achievements in … [Read more...] about Deputy PM to attend ASEAN Foreign Ministers’ Retreat

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has requested ensuring democracy, fairness, safety and thrift in the elections of deputies to the 15th National Assembly and the People’s Councils at all levels in the 2021-2026 tenure. In a directive dated January 14, PM Phuc asked the Ministry of Information and Communications (MIC) to coordinate with relevant agencies to direct news agencies to disseminate the significance and importance of the elections, the right to vote and to stand as a candidate of citizens to officials, public servants, armed forces and people from all walks of life. The Ministry of Planning and Investment should instruct the General Statistics Office to guide its provincial and municipal chapters to provide population data until December 31, 2020 to serve as a foundation to count the number of NA and People’s Council deputies at each administrative unit. The Government leader directed the Ministry of Transport and the MIC to work on specific … [Read more...] about PM orders democratic, fair, safe organisation of general elections