Nowadays online shopping becomes more popular than in-store shopping The new Law on Tax Administration which took effect in mid-2020 has added regulations on the responsibilities of relevant ministries including the Ministry of Industry and Trade, the Ministry of Information and Communications, the Ministry of Finance, and the State Bank of Vietnam in tax administration for e-commerce business activities. Plus, the Decree No. 126/2020 also details e-commerce business for individuals. Accordingly, if an organization does business with an individual, the individual does not directly declare tax, but the organization is responsible for declaring VAT on the entire revenue of business cooperation activities, regardless of the form of business cooperation results. At the same time, the organization declares and pays personal income tax on behalf of the individual. Accordingly, with this provision, local businesses which cooperate with a foreign party shall pay tax on behalf of the … [Read more...] about Vietnam to tighten management, increase supervision to prevent tax loss
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Quang Ninh: Ha Long pilots settlement of administrative procedures at post offices
Ha Long pilots settlement of administrative procedures at post offices. - Illustrative image (Photo: VNA) Quang Ninh (VNA) – Authorities of Ha Long city of the northern province of Ha Long on August 15 piloted the implementation of administrative procedure at post offices in the locality. Under the pilot project, post offices are to process a number of district-level administrative procedures in Ha Long. The project aims to further improve the quality of service to the people, making it easy for them in carrying out administrative procedures, helping reduce the time for travel and minimise bureaucracy and negativity among officials and civil servants. It is also expected to concretise guidelines and policies of the Party and State in digital transformation, building a digital government, economy and society; and promote the role of the public postal service in applying digitalisation in performing administrative services. In the first phase, the project will focus … [Read more...] about Quang Ninh: Ha Long pilots settlement of administrative procedures at post offices
Germany accepts Vietnamese redesigned passport
The move aims to facilitate Vietnamese citizens in Germany to obtain residence permits and conduct other administrative procedures. Germany has recognized the validity of the newly introduced Vietnamese passport after the Vietnamese authorities agreed to add information about the holder's place of birth, according to the German Embassy in Hanoi. Accordingly, Germany will begin issuing visas for Vietnamese holders of the new passport as long as it is added information about the place of birth on the observations page. In its announcement, the German Federal Foreign Office said it appreciated Vietnam's timely solution to this issue. The embassy said the move would facilitate Vietnamese citizens in Germany in processing residence permit applications and conducting other administrative formalities. The newly introduced passport of Vietnam. Photo: Xuan Ha Earlier, the German Embassy in Vietnam on July 27 informed that Vietnam’s new passports, whose issuance … [Read more...] about Germany accepts Vietnamese redesigned passport
Hanoi helps businesses get loans
The city's authorities will continue focusing on boosting economic recovery while addressing the concerns of the business community. An agreement signing ceremony to support access to concessional loans between the Hanoi Investment Fund for Development, the city's commercial banks and the business community took place at a conference connecting stakeholders in Hanoi on 15 August. An overview of the signing ceremony. Photo: kinhtedothi.vn The municipal Department of Industry and Trade and the Investment Fund for Development also signed an agreement on cooperation and information exchange on the same day to promote the recovery of the city’s businesses in the post-pandemic period. Speaking at the conference, Acting Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan said: “The conference is expected to facilitate the connection between local banks and businesses to support those who need concessional loans.” She called on the … [Read more...] about Hanoi helps businesses get loans
Hanoi mayor calls on locals to calm down against coronavirus spread
Hanoi is making efforts to identify people who made contact with the patient who visited Italy's Lombardy in mid-February. Chairman Nguyen Duc Chung of the Hanoi People’s Committee has called local residents to calm down following the news on the city’s first coronavirus infected case which was confirm late Friday. The city’s mayor made the statement at a meeting in Friday evening after Hanoi confirmed the first case and the 17th case in Vietnam tested positive with a new coronavirus. Chairman Nguyen Duc Chung of the Hanoi People’s Committee. Photo: VNExpress “I call for local people to calm down with vigilance of the epidemic,” Mr. Chung said, adding that related agencies are looking for people who made contact with the patient to put them in quarantine. The mayor expressed concerns about Hanoi’s high risk of infection as the city is a destination of visitors from nearly 90 countries which are stricken by the epidemic. “I wish that people are aware of … [Read more...] about Hanoi mayor calls on locals to calm down against coronavirus spread
Hanoi confirms 1st coronavirus case, 17th in Vietnam
Hanoi is tracking down the patient's travel history to quarantine and supervise all people who made close contact with her. Hanoi has just announced the first case infected with the new coronavirus, being the 17th infection in Vietnam, local media reported. The news was released at a meeting on Friday evening chaired by Secretary of the municipal Party Committee Vuong Dinh Hue. Hanoi blocks streets leading to the patient's house. Photo: Zing The patient, who is also the 17th case in Vietnam, is a hotel manager named N.H.N, 26, returning to the country on March 2. Before returning to Vietnam, she flew from Italy to France to visit his older sister who is now already infected with Covid-19. Upon arrival in Hanoi on March 2, she went straight home without declaring her travel history and went to a nearby hospital named Hong Ngoc for medical checkup on March 5 only after having cough and developing fever. Hanoi has made a list of people who made close … [Read more...] about Hanoi confirms 1st coronavirus case, 17th in Vietnam
Exclusive souvenirs on sale at Ho Chi Minh Museum in Hanoi
The Ho Chi Minh Museum is home to 170,000 documents, objects, and films about President Ho Chi Minh’s life and his revolutionary cause. Several exclusive and special gifts are on sale for the first time on the occasion of the launching of a souvenir shop in the Ho Chi Minh Museum ealier this week, Van Hoa (Culture) newspaper reported. Real experience in making rubber sandals. As of January 9, souvenirs telling remarkable stories on the life of the late President Ho Chi Minh were on sale including the replicas of pure gold coins worth VND20 (1948) presented by the President to Governmental ministers, the miniatures of Uncle Ho’s rubber sandals, the 3D model of late President Ho Chi Minh at the Ceremonial Chamber, the museum's brand identity painted on fresh lotus leaf, among others. Rubber sandals with the design of those worn by Uncle Ho are for sale. Visitors buy souvenirs at the shop. … [Read more...] about Exclusive souvenirs on sale at Ho Chi Minh Museum in Hanoi
Singapore’s 57th National Day marked in HCMC
Vice Chairman of the municipal People’s Committee Vo Van Hoan delivers the remark at the celebration ceremony of Singapore’s 57th National Day on August 15. (Photo: SGGP) Hoan delivered the remark at a ceremony to celebrate Singapore’s 57th National Day hosted by the Singaporean Consulate General in HCMC. Congratulating Singapore on its National Day, Hoan said he was impressed by its robust development over nearly six decades. Singapore is now one of the world’s most developed countries and a role model with a pioneering approach – “dare to dream, look ahead and seek new solutions and opportunities.” Built on the foundation of the flourishing relations between the two countries, HCMC-Singapore ties have produced good results, he said, noting that because of geographical proximity and cultural similarities, HCMC and Singapore boast great potential to supplement each other in various fields. According to the official, Singapore has been HCMC’s largest investor and second … [Read more...] about Singapore’s 57th National Day marked in HCMC
Japan’s biggest power generator acquires 35 per cent of TTC Group’s subsidiary
Jero supplies electricity, gas, and heat, as well as conducts the development, mining, processing, trading, and transportation of energy resources. Dang Van Thanh, chairman of TTC Group, has confirmed that Jera had bought a 35.09 per cent stake in Gia Lai Electricity JSC, a listed entity under TTC Group. Jera paid an unknown sum to International Finance Corporation (under the World Bank Group) and Armstrong Asset Management of Singapore for the majority ownership in Gia Lai Electricity, making it the biggest foreign shareholder in the firm, cited Bloomberg . Accordingly, TTC Group and its subsidiary Gia Lai Electricity plan to invest $1 billion to further boost its renewables capacity to more than 2,000 MWG. Meanwhile, Jera is expected to provide international expertise and technology to aid in this endeavour. Moreover, it is projected that by the year 2025, wind power will account for almost two-thirds of that mix, up from the current 25 per cent. TTC Group said it and Gia … [Read more...] about Japan’s biggest power generator acquires 35 per cent of TTC Group’s subsidiary
☕ Afternoon briefing on August 16
Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 16. - It is necessary to bring into play the strength of the whole nation and political system, make full use of support from the international community and promote all resources and creativeness of the people in building and safeguarding the Fatherland, President Nguyen Xuan Phuc said while chairing a workshop in Ho Chi Minh City on August 16 to discuss theoretical and practical issues on the protection of the Fatherland in the new situation. President Nguyen Xuan Phuc (standing) addresses the event. (Photo: VNA) President Phuc, who is head of the steering committee on building a project to summarise the 10-year implementation of the resolution of the 8th plenary session of the 11th Party Central Committee on the Fatherland protection strategy in the new situation, highlighted major achievements in the cause of national protection. Read full story … [Read more...] about ☕ Afternoon briefing on August 16