Economic growth australia

New Delhi (VNA) - Vietnam holds tremendous potential for information technology (IT) development thanks to its young and talented human resources and attractive investment climate, thereby becoming one of the brightest investment destinations for Indian firms, an Indian expert has said.   Sanjay Gupta, Corporate Vice President at HCL Technologies, made the remark during a virtual seminar on Vietnam’s key macroeconomic policies to cope with the COVID-19 pandemic and potential sectors for long-term investors held by the Vietnamese Embassy in India on August 7.    The event drew the participation of about 100 businesses, investors, experts and scholars of the two countries.   At the event, Vietnamese delegates updated their Indian counterparts about the Vietnamese Government’s policies in the context of COVID-19 and potential sectors for investment, stressing that the country has become a bright spot in both economic recovery and fighting the pandemic. … [Read more...] about Vietnam holds huge potential for IT development: Indian expert

Currently, the RoK is the fifth trade partner and investor of ASEAN, while ASEAN is the second biggest trade partner and the third investment destination of the RoK. ASEAN is also the most popular tourist destination of Korean travelers, while the RoK attracted a large number of labourers, students and tourists from ASEAN. … [Read more...] about ASEAN’s relations with partners develop strongly and practically: Official

Regarding exports, the export beer output increased 46 million litres over the previous year, reaching 45.87 million USD. The export volume decreased by about 7 percent over the same period. The main reason is that Vietnam’s beer quality has not been highly appreciated and not created a brand in the international market. Equatorial Guinea (about 20 percent) is the largest market for Vietnamese beer. … [Read more...] about Vietnam’s beer market expects big changes in 2020

Alcoholic beverages in Viet Nam have to pay taxes at two stages of import and domestic consumption, including three different taxes: import tax (from 5-80 per cent depending on type of FTA), tax value added (10 per cent) and excise taxes (up from 50 per cent to 65 per cent in 2018). This can affect the profitability of beer companies, especially those in the mid-end segment, as this is a competitive segment and customers are most vulnerable to the impact of the best-selling prices. … [Read more...] about Vietnam’s beer market expects big changes in 2020

For his part, Molina voiced his hope to further reinforce ties between Venezuela and ASEAN as well as Venezuela and the bloc’s member states. He particularly expected that Venezuela will soon sign the Treaty of Amity and Cooperation in Southeast Asia (TAC) with ASEAN. … [Read more...] about ASEAN’s 53rd founding anniversary marked in Venezuela