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Dien, who is also Chairman of the Vietnam-U.S. Trade and Investment Framework Agreement (TIFA) Council, suggested the U.S. Department of Commerce enhance discussions to achieve progress in market economy recognition and give objective and fair opinions in line with the World Trade Organization (WTO)’s regulations in trade defense investigations. The maintenance of goods supply, manufacturing activities and export-import are the top important priorities of the Vietnamese Ministry of Industry and Trade, Dien said, adding that Vietnam will step up vaccination, thus creating favorable conditions for firms to mobilize workers back to work. About existing bilateral economic and trade issues, Dien stressed that Vietnam is ready to increase dialogues with the U.S. to deal with them. He also hailed the U.S. for offering opinions to further perfect existing legal framework. Raimondo, for her part, said economy and trade remain a high priority under President Joe Biden’s policy, stressing …

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Hanoi tax authorities collect taxes from Google and Apple content developers The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of this year. The Hanoi Department of Taxation have collected over VND39 billion (USD1.69 million) from content developers on Google and Apple during the first seven months of 2021. Illustrative photo According to the department, they have collected taxes from 392 people that provide content services on various applications including Google Play and Apple Store. The department have collected VND 203 billion (USD8.83 million) in taxes from these content developers since 2018. The municipal tax authorities are also seeking to collect more taxes from online businesses. They are checking on the information of 32,085 businesses that are using online delivery services and 756 housing rental businesses. The department has co-operated with banks and …

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Vietnamese Minister of Industry and Trade Nguyễn Hồng Diên during talks with US Secretary of Commerce Gina Raimondo. — Photo from the Ministry of Industry and Trade HÀ NỘI — Vietnamese Minister of Industry and Trade Nguyễn Hồng Diên held phone talks with US Secretary of Commerce Gina Raimondo to discuss bilateral economic and trade issues. Diên, who is also Chairman of the Việt Nam-US Trade and Investment Framework Agreement (TIFA) Council, suggested the US Department of Commerce enhance discussions to recognise Việt Nam as a market economy and give objective and fair opinions in line with the World Trade Organisation (WTO)’s regulations in trade defence investigations. The maintenance of goods supply, manufacturing activities and import-export were the top important priorities of the Vietnamese Ministry of Industry and Trade, Diên said in response to concerns over potential disruptions to supply chains in Việt Nam due to the severe ongoing fourth wave of infections. …

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The conclusion of the RCEP is particularly meaningful for Vietnam as the ASEAN Chair in 2020, which has put much effort to help complete the long-awaited deal. The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is scheduled to be signed on Sunday in the framework of the ongoing 37 th ASEAN Summit and related summits held in Hanoi from November 9 – 15, amid global trade tensions. Banners advertising the 37th ASEAN Summit and related summits hung at a government building in Hanoi. Photo: TG&VN The trade deal, which comprises 15 nations including major economies such as India, China, and 10 ASEAN countries, would make up nearly 50% of the world’s population, about 30% of global GDP, or US$28 trillion, and 28% of total trade turnover. Director General of the Multilateral Trade Policy Department under the Vietnamese Ministry of Industry and Trade Luong Hoang Thai expected the signing of the RCEP would help …

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