- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
On May 24, the General Department of Taxation (Ministry of Finance) issued dispatch No. 06/CD-TCT instructing the local Tax Departments and units under the General Department to extend the tax payment deadline.
Deputy Prime Minister Le Minh Khai has recently signed Decree No. 34/2022/ND-CP extending the deadline for payment of value-added tax, corporate income tax, and personal income tax in 2022. This decree is in force between May 28, 2022, and December 31, 2022.
Lawyer Le Net, a VIAC arbitrator, stated: "The State needs to listen to people's housing demands to establish proper legislation and how to manage real estate prices."
The ceramic tile industry is restructuring because of the prevalent tendency of consuming large-sized items, which are more popular with Porcelain and demand a diversity of designs and patterns, rather than a few classic types as historically.
The RMIT Business Startup Forum with the topic "Smart Companies - How Digitization Helps Your Startup Journey" gave ideas on how to establish future digital startups for Vietnam.
Representatives of banks simultaneously suggested to the State Bank that the credit growth target be relaxed.
The Government published Decree No. 31/2022/ND-CP on State Budget Support for Interest Rates on Loans to Businesses, Cooperatives, and Business Households on May 20, 2018. The State Bank of Vietnam outlines the interest rate assistance plan of commercial banks, ensuring that it does not exceed a total of 40,000 billion VND and is approved by the Ministry of Planning and Investment and the Ministry of Finance to primarily support the service and manufacturing sectors.
According to the Ministry of Industry and Trade, to eliminate difficulties and impediments for localities in the management and development of many types of commerce infrastructure, the Ministry has drafted a circular outlining the classification and management of many types of commerce infrastructure. The draft is collecting feedback from relevant organizations.
After the Covid-19 outbreak, the number of Chinese and Russian travellers to Khanh Hoa dropped drastically, therefore the tourism business made attempts to discover new sources of visitors in the Indian market. After several actions aimed at fostering collaboration in tourism development, it is time for firms on both sides to produce distinct goods.
The government's economic recovery and development policy, as outlined in Resolution No. 11/NQ-CP of January 30, 2022, has had an optimistic impact on the result and operations of businesses.
Hanoi enjoyed a surge in exports-imports in the first five months of this year, signalling the capital city’s strong economic recovery, according to the municipal Statistics Office.
Socio-economic recovery and development have been seen in Ho Chi Minh City – the biggest economic hub in southern Vietnam, with strong growth in production and business activities.
The index of industrial production (IIP) in the first five months of 2022 rose by 8.3% over the same period last year, on top of May’s increase of 10.4% from a year earlier.
Since the COVID-19 pandemic has been basically put under control, Hanoi has determined that the improvement of investment and business environment is a key task to quickly recover and develop the economy.
Commercial banks are expecting to have higher credit growth limits in Q2 2022 as they have already used up most of their assigned quota this year.
The total tax collection in the first five months of this year is estimated at nearly 673 trillion VND (28.8 million USD), equivalent to 57.3 percent of the projection for the whole year and a year-on-year increase of 16.5 percent, according to the General Department of Taxation.
Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.
The Ministry of Industry and Trade (MoIT) will continue to coordinate with relevant ministries and sectors in supporting businesses to minimise impacts of trade remedies which may have an detrimental effect on Vietnam’s export activities.
GIZ has realized the enormous potential of the agrivoltaics model for Viet Nam, a country with large-scale agricultural production and increasing demand for electricity consumption to meet economic growth rates.
Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts.