Dccc targets 2020

Hanoi (VNA) – Vietnam’s garment-textile sector sets a target of 39 billion USD in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex). Last year, due to impacts of the COVID-19 pandemic, the US-China trade tensions, the trade protectionism and the Brexit, Vietnam’s garment-textile exports reached only 35 billion USD. However, the result is still remarkable given the global demand dropping over 22 percent. In 2020, Vietnam was the only among the world’s top five garment-textile exporters not to have to cease production. Vinatex recorded total revenue of 15.5 trillion VND (670.7 million USD) and combined profits of 628.9 billion VND, equal to 106 percent and 164.8 percent of the set targets, respectively. Vinatex Chairman Le Tien Truong suggested the Government cut long-term interest rates, elaborating that garment-textile firms would find it hard to access loans after a year of low business … [Read more...] about Garment-textile sector eyes 39 billion USD in export turnover

On January 10, during a talk show about the movie industry in Ho Chi Minh City, film producer Charlie Nguyen said that his latest offering, "Nguoi Can Quen Phai Nho", released last Christmas, had earned just VND1.9 billion ($82,338), which was a huge failure. … [Read more...] about Picky viewers keep filmmakers on their toes

Machinery is used in a sod-turning ceremony to start the construction of Lien Ha Thai Industrial Park in Thai Binh Province, northern Vietnam, December 13, 2020 Photo: Khanh Linh / Tuoi Tre The industrial park sits on 588.84 hectares and is projected to cost VND3.885 trillion ($168 million) to build. … [Read more...] about PM attends ceremony to start construction of $168mn industrial park in northern Vietnam

But perhaps, what happened in America may be the clearest example of how regulators on social media platforms can significantly interfere in politics. Facebook and Twitter executives are known to be pro-Democrat, which was shown after the New York Post published a report on Hunter Biden last October. The same executives at Facebook and Twitter ordered their platforms to suppress information on the report. Facebook deliberately slowed down the spread of information on its platform, while Twitter blocked users from being able to share the report, citing “this article contains stolen information”. Several weeks later, users could again share the New York Post article with no restrictions after Twitter and Facebook executives were ordered to appear at a hearing in the US Senate, which was requested by a number of Republicans. It may have been too late, however, as tens of millions of Americans had already cast their ballots, and the “October surprise” of the … [Read more...] about Social media – a revolution to be feared

Regarding the tax policy applicable to these platforms, experts said the basis for tax calculation is according to Circular No. 103/2014/TT-BTC. Accordingly, owners of Steam and Netflix are considered foreign business organizations that do not have a permanent establishment in Vietnam, or have income generated in Vietnam. Therefore, these are subject to contractor tax, including specific taxes such as value added tax (VAT), corporate income (CIT), personal income tax (PIT) ... … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes