Vietnam business visa application

According to the Vietnam National Administration of Tourism, as of December last year, the pandemic had sent the number of foreign tourists to Vietnam down nearly 80% to 3.7 million. Most of them came to the country in the first quarter of 2021. In addition, the number of domestic visitors fell 34.1% to 56 million. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26

Corporate income tax will be completely exempted in the first four years and cut by half for the next nine years for emerging tech and science firms in Vietnam, as per a Ministry of Finance circular effective in March. … [Read more...] about Science, tech firms in Vietnam to enjoy 13 years of tax deduction

However, according to Thang, there were some ‘minus points’. Economic bottlenecks have not improved much. Vietnam did not make any breakthrough changes in training to prepare human resources for the new investment wave. The proportion of skilled workers has risen, but not sharply. … [Read more...] about Vietnam shows its ‘firm stuff’ after five years of difficulties

Hanoi (VNA) – Resident Representative of the UN Development Programme (UNDP) in Vietnam Caitlin Wiesen promised to closely coordinate with and contribute to the building and implementation of socio-economic development strategies and plans of Vietnam in a recent interview with the Vietnam News Agency (VNA). During the interview, Wiesen said Vietnam was commended for the significant preparations of all the background documents for the 13th National Party Congress, particularly socio-economic development strategy and the socio-economic development plan. The official noted these critical documents will determine Vietnam’s cause of development for the next five- and ten-year periods. Wiesen affirmed the UNDP has been delighted to partner with the Ministry of Planning and Investment and other partners to contribute to the development of the socio-economic strategy and plan, saying it is looking forward to joining the Vietnamese Government in implementing them. The UNDP … [Read more...] about UNDP vows to accompany Vietnam in development process

Hanoi (VNA) – Vietnam has recorded significant achievements in managing national foreign debts over the past three decades, said an official at a workshop held in Hanoi on January 26. Vo Huu Hien, Vice General Director of the Ministry of Finance’s Department of Debt Management and External Finance, made the statement, adding that the effective management has transformed Vietnam from a poor and heavily indebted country into a one receiving international organisations’ recognition as having a controlled external debt level and being excluded from the group of countries with a debt burden. According to data from the ministry, the public sector’s proportion in the structure of the national external debt decreased from 73.6 percent in 2010 to 63.4 percent in 2015 and 43.7 percent in 2020. The Government’s foreign loans are mainly official development assistance and concessional loans. To date, Vietnam has signed more than 85 billion USD worth of these loans. … [Read more...] about Progresses seen in Vietnam management of national foreign debts: workshop