Mai Son, head of Hanoi Taxation Department, said e-business has strongly developed in Vietnam and worldwide. In 2020, Hanoi collected VND123bn (USD5.3m) in taxes, five times higher than the collected taxes in 2019. Most of the taxpayers are individuals, he said. A woman from Cau Giay District paid VND23.4bn (USD1m) after earning VND330bn last year from writing and published her apps on Google Play and App Store. Another man paid over VND18bn from his VND260bn income also from writing mobile apps. According to the Hanoi Taxation Department, another person paid over VND7bn in taxes from his online business via YouTube and Google. In 2021, the department will continue to review and analyse the data over the current online businesses in Vietnam. They will collaborate with the banks and trading floors to ask the business owners to pay taxes. Violators will be fined in accordance with the regulations. People who refused to obey the inspection decision and punishment may be prosecuted. … [Read more...] about More taxes collected from online businesses
Online share trading account
Vietnam’s phone exports fall 0.4% in 2020
With steady and strong growth, phones and phone parts have surpassed traditional export commodities such as textiles and footwear to become the country’s largest export commodity. Over the past several years, they accounted for approximately 20% of the country’s total exports. … [Read more...] about Vietnam’s phone exports fall 0.4% in 2020
Việt Nam makes proposals for building 2021-2022 CLMV Action Plan
It is also important for CLMV to propose more co-operative projects to benefit all four countries and support post-pandemic recovery efforts, especially projects facilitating trade and investment, improving regional connectivity, supporting micro-, small- and medium-sized enterprises in accessing finance and technology, and increasing their capacity. … [Read more...] about Việt Nam makes proposals for building 2021-2022 CLMV Action Plan
HCMC expects to become economic, financial hub in Asia
Additionally, the city will enhance the urban development by rebuilding old apartment buildings, developing social housing projects, attracting investment in new urban areas, improving the efficiency of anti-flooding projects and climate change adaption, and reducing traffic jams and accidents. … [Read more...] about HCMC expects to become economic, financial hub in Asia
An ambition of huge revenue
At the end of 2020, Thien Long and FPT signed an agreement on the consultancy of the overall digital transformation process so that Thien Long can be closer to consumers, reduce costs and increase the effectiveness of its operation. The greatest difficulty in digital transformation is the change of the old governance mindset to a new one. That is also a target set by Thien Long. … [Read more...] about An ambition of huge revenue