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The city is keen to avoid any Covid-19 impacts that could derail its plan for socio-economic recovery for this year. The Hanoi People's Committee has urged local agencies to remain vigilant against the Covid-19 pandemic and accelerate the disbursement of public funds, seen as a key task for socio-economic recovery for the rest of the year. Electronics production at Rhythm Precision Vietnam, Soc Son District, Hanoi. Photo: Pham Hung Among the key tasks, the city would focus on the Covid-19 vaccine roll-out by providing boosters for eligible people, including the completion of vaccination for children aged 5-12 before September 2022, noted the municipal People’s Committee in a directive. The city’s authorities reiterated public investment is a key task for economic development and considered pubic fund disbursement a key criterion to evaluate the performance of each agency, department, and unit by year-end, especially leaders and senior officials. “Efforts … [Read more...] about Hanoi boosts socio-economic growth, but remains vigilant against Covid-19

With the expansion of the Covid-19 pandemic, foreign embassies in Hanoi recommended expats avoid leaving Vietnam. As the Covid-19 pandemic is expanding, foreign diplomatic representations in Vietnam have updated the situation either in their websites or Facebook pages, helped their citizens carry out administrative formalities to return home and warned them not to leave the Vietnam. The Biristh embassy in Vietnam told Hanoitimes via email that the embassy highly appreciated the Vietnamese government's response to Covid-19. “The system has been quick to identify and isolate cases. The WHO has commended the response,” the embassy wrote. The embassy has advised all British citizens in Vietnam to follow and update information about Foreign and Commonwealth Office travel advice. “We are providing consular assistance to the British people affected. We advise all British nationals in Vietnam to follow our travel advice, which is kept under constant review,” the embassy wrote. … [Read more...] about Foreign embassies in Vietnam issue travel advisory on Covid-19 complications

The denial is in line with regulations on prevention of Covid-19 which has caused 15 infections in the country. Vietnamese authorities have denied the entry of nearly 300 passengers whose time window between leaving China and entering Vietnam has been less than 14 days (the incubation period of the virus). Vietnam denies entry of passengers in some cases. Photo: Zing So far, Tan Son Nhat International Airport in Ho Chi Minh City and Noi Bai International Airport in Hanoi have refused to allow 289 passengers to enter the country following regulations on preventing Covid-19, the new name of the latest strain of coronavirus. Tan Son Nhat airport denied 286 passengers while Noi Bai refused three. Of the passengers, 218 came from Hong Kong on a flight by Cathay Pacific, the flag carrier of Hong Kong, 44 from Malaysia, 10 from Thailand, and four from Singapore. Under international law, the passengers were sent back to the departing locations on the same day. … [Read more...] about Vietnam denies entry of nearly 300 passengers on concern over Covid-19

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

Lee Jong Hyuck, deputy CEO of Shinhan Bank Vietnam, receives the ‘Best Company to Work for in Asia’ award at a ceremony in HCM City on August 11. — Photo courtesy of the company Shinhan Bank has won the ‘Best Companies to Work for in Asia’ award in Vietnam from HR Asia Magazine for a fourth straight year. The awards were based on an employee satisfaction survey, an in-depth assessments with executives of companies to better understand HR policies, recruitment, employment information and strategic points to build a good workplace, and independent information acquired in the media and interviews with industry experts. The judges praised the bank for its efforts to create an ideal working environment and its capacity to adapt to the problems brought by the COVID-19 outbreak, particularly during the peak period in 2021. The bank rapidly developed a business continuity plan led by senior personnel, utilising digital transformation technology to ensure business and operational … [Read more...] about Shinhan Bank wins ‘Best companies to Work for in Asia’ award for 4th time