Specifically, frozen food must have four certificates—the certificate of quarantine for imported goods, the Covid-19 disinfection certificate, the certificate of origin traceability and the certificate of negative nucleic acid test result. Frozen food imported into Guangxi must undergo inspection and disinfection procedures even though it has completed such procedures in the other localities of China. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26
Expo 2020 business opportunities
More taxes collected from online businesses
Mai Son, head of Hanoi Taxation Department, said e-business has strongly developed in Vietnam and worldwide. In 2020, Hanoi collected VND123bn (USD5.3m) in taxes, five times higher than the collected taxes in 2019. Most of the taxpayers are individuals, he said. A woman from Cau Giay District paid VND23.4bn (USD1m) after earning VND330bn last year from writing and published her apps on Google Play and App Store. Another man paid over VND18bn from his VND260bn income also from writing mobile apps. According to the Hanoi Taxation Department, another person paid over VND7bn in taxes from his online business via YouTube and Google. In 2021, the department will continue to review and analyse the data over the current online businesses in Vietnam. They will collaborate with the banks and trading floors to ask the business owners to pay taxes. Violators will be fined in accordance with the regulations. People who refused to obey the inspection decision and punishment may be prosecuted. … [Read more...] about More taxes collected from online businesses
MIPIM Asia Awards 2020 Winners & Startup Competition Hong Kong Winners Announced
About Reed Exhibitions: Reed Exhibitions is the world's leading event organiser, with over 500 events in 30 countries. In 2019 Reed brought together over seven million event participants from around the world generating billions of dollars in business. Today Reed events are held throughout the Americas, Europe, the Middle East, Asia Pacific and Africa and organised by 35 fully staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events. It is part of RELX Group, a global provider of information and analytics for professional and business customers across industries. www.reedexpo.com … [Read more...] about MIPIM Asia Awards 2020 Winners & Startup Competition Hong Kong Winners Announced
Making startups register business in Vietnam discussed at TECHFEST 2020
There are many reasons behind this situation, including easier access to investment, simpler investment procedures, and plenty of incentives for startups in Singapore. Notwithstanding, most startups opting to incorporate themselves outside Vietnam is losing the country sizeable sums of money in the future, and reflects the local investment climate has not been favourable for local startups. … [Read more...] about Making startups register business in Vietnam discussed at TECHFEST 2020
Allianz Risk Barometer 2021: Pandemic outbreak overtakes Business Interruption as top business risk in China
Market developments ranks fourth in both the China (29%) and Global (19%) rankings reflecting the risk of rising insolvency rates following the pandemic worldwide. According to Euler Hermes, a trade credit insurance subsidiary of the Allianz Group, there are two clusters of countries, those that will see a stronger rise in insolvencies in 2020, and those that will see a delayed surge in 2021. The bulk of insolvencies will come in 2021 as Euler Hermes' global insolvency index is expected to hit a record high for bankruptcies, up 35% by the end of 2021, with top increases expected in the US, (up 57% by 2021, compared to 2019), Brazil (up 45%), China (up 40%) and core European countries such as the UK (up 43%), Spain (up 41%), Italy (up 27%), Belgium (up 26%) and France (up 25%). … [Read more...] about Allianz Risk Barometer 2021: Pandemic outbreak overtakes Business Interruption as top business risk in China