Kyoto 2020 targets

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

"Asking for fairness in this industry is not realistic. Everyone has pressure, from producers to distributors. When a movie succeeds, who wants to reduce the number of its shows so other movies can have more? So, when a movie fails, they should not ask why it has fewer shows," he said. … [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

When Twitter first labelled Trump’s false claims about election fraud with a warning for the first time on May 26, ,2020, this was not the first time that Twitter executives publicly expressed their views through political interference. The social media platform, as well as Facebook, has been used by various political groups to rally the public and spread its messages, from the Austrian student protests and the Gaza disputes in 2009 to G20 protests in Toronto and the Arab Spring in 2011. Here, however, the attitude displayed by Twitter with these examples is nowhere similar to what transpired with Trump recently, which resembled more of the 2019-2020 protests in Hong Kong – where the platform swiftly removed over 1,000 accounts perceived as being associated with Mainland China – or in June 2020 in Turkey – where over 7,000 accounts believed to be managed by Turkish authorities as a way to facilitate support for President Recep Erdogan were taken down. I will not … [Read more...] about Social media – a revolution to be feared

Valve (Steam) has its own tax policy for territories, but without Vietnam. As for tax management and collection of cross-border platforms like Netflix or Steam, some have said that Valve (the owner of Steam) does not do business in Vietnam, so it is not subject to Vietnamese tax. The games item on Steam is software, so the value added tax (VAT) is 0%. … [Read more...] about Steam, Netflix do business in Vietnam without paying taxes