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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Miss Vietnam 2022 beauty pageant launched
The biennial national beauty contest Miss Vietnam 2022 has now opened for Vietnamese young women aged between 18 and 27. Miss Vietnam 2020 Do Thi Ha (C) and two runners-up Phuong Anh (L), Ngoc Thao (R) Women who have graduated from high school and are at least 1.63 metres tall and have had no cosmetic surgery are eligible to enter the contest. Participation is to be limited to unmarried women who have never given birth or parented a child. Entrants who have previously won first, second, or third prizes at local beauty contestants nationwide will progress through to the final round of the Miss Vietnam 2022 pageant. Moving forward, contestants will compete in parts such as the swimsuit, evening gown, and talent segments, as well as taking part in charity projects for the community and a Q&A. Along with the ultimate winner of the pageant, there will also be prizes for first runner-up and second runner-up, with the organisation board presenting sub-titles, … [Read more...] about Miss Vietnam 2022 beauty pageant launched
Viettel to produce chips amidst global shortage
Leaders of the military-owned Viettel Group made the proposal at a Tuesday meeting with Prime Minister Pham Minh Chinh. The proposal was made in the context of the recent global chip shortage, which has seriously affected many manufacturing sectors and business areas, prompting several countries to promote chip production as a national security measure. In this context, the group also asked to be assigned the tasks of ensuring national defense and security, promoting its strengths and demonstrating the pioneering role of state-owned companies in the fields of high-tech defense, construction and cyber security and safety. Viettel said it wanted to deploy a national digital conversion platform, and work as an intermediary for financial switching services and electronic clearing services to facilitate transfer of funds from one bank account to another. The group also wanted permission to research green energy technology and modernize important infrastructure in the field of … [Read more...] about Viettel to produce chips amidst global shortage
Clean energy brings stable electricity supply to Truong Sa Archipelago
Solar panels are installed in Truong Sa island district . (Photo: VNA) Khanh Hoa (VNS/VNA) - The lives of soldiers and islanders in Truong Sa island district in the south-central province of Khanh Hoa have changed a lot thanks to solar panels and wind turbines. Solar and wind power is used widely in islands belonging to Vietnam's Truong Sa (Spratly) Archipelago, said Colonel Le Dinh Hai, Deputy Head of Brigade 146 under Naval Region 4. Hai, who is also Chairman of the Truong Sa District People's Committee, said that the clean energy sources now could meet the daily needs of local residents for cooking, and powering TVs, radios and even electric fans at night. "Truong Sa is the first district in Vietnam lit up with clean energy," Hai said, adding that thanks to the stable energy source, activities on the island became much more convenient than before. Thai Minh Khai, a local resident living in Song Tu Tay Island, said his family had lived on the island for more than … [Read more...] about Clean energy brings stable electricity supply to Truong Sa Archipelago
☕ 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