Gauteng infrastructure development department

This year, the Tax Department will continue to review, analyze inspection data and examine a number of organizations and individuals that run ecommerce businesses in the capital city. The department, in coordination with commercial banks and trading platforms will collect data and instruct ecommerce operators to fulfil their tax obligations. … [Read more...] about Hanoian girl pays over VND23 billion in income taxes on app development

The domestic credit chip cards are expected to be officially launched this week. The seven banks include Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Ban Viet Joint Stock Commercial Bank (VCCB), Asia Commercial Bank (ACB), HCM City Housing Development Commercial Joint Stock Bank (HDB), Bao Viet Bank (BVB), Sai Gon Thuong Tin (Sacombank) and Viet Nam Thuong Tin (Vietbank). … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 25

Deputy Director of the Southern Investment Promotion Center Vu Xuan Dang said the country needs to create more favorable conditions for foreign investors, including policies to encourage the development of central animal husbandry areas and material zones, large-scale fields, and high-tech agricultural zones. The government should increase investment in infrastructure development in the northern mountainous region, the Central Highlands, and the Mekong Delta, which all have high potential for agricultural development. Improving the quality of local human resources to meet agricultural development in the Fourth Industrial Revolution is also a must, he added. … [Read more...] about Needed: A proper strategy to attract FDI in agriculture

Once completed, the road was expected to shorten the travel time from the city’s downtown area to the HCMC-Trung Luong Expressway, ease traffic on National Highway 1A and reduce traffic congestion in the southwestern gateway area of the city, including Binh Tan and Binh Chanh districts. … [Read more...] about BOT contract for road project in HCMC proposed to be terminated

Impressive development achievements Starting the innovation process with the determination to integrate internationally 35 years ago, Vietnam was still a country with backward and closed production. It had consistently implemented reforms, transforming from a centrally planned, subsidized economy to a multi-sectoral commodity economy, which operates under the market mechanism and the State's management and towards socialism. From 1986 to 2000, on average, the gross domestic product (GDP) grew by 6.51 percent annually. The agriculture, forestry, and fishery sector edged up 3.72 percent; the industry and construction sector rose 9.06 percent; the service sector climbed 6.66 percent. The economic structure had gradually shifted towards promoting industrialization and modernization. The agricultural sector had absolutely solved the food problem, ensuring national food security, changing Vietnam from a country with a lack of food to become the second-largest rice exporter in the world. … [Read more...] about Bright economic appearance after 35 years of innovation