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Crafted by the Ministry of Finance, the draft circular guides the implementation of the 2019 Law on Tax Administration and Decree No 126/2020/ND-CP dated October 19, 2020 of the Government providing further guidance on its execution. Overseas suppliers who have no permanent establishment but conduct e-commerce or digital-based business activities and derive income from individuals and organisations in Vietnam shall still be treated as permanent entities in the country. They shall be obliged to make online tax registrations and declarations on the General Department of Taxation’s official portal, and be allowed to open more than one bank account for making tax payments but have one email only to receive tax notifications. The draft circular also stipulates the obligation of banks and payment intermediary service companies to define transaction accounts of foreign suppliers who have no permanent establishment in Vietnam to withhold taxes. Source: VNA … [Read more...] about Facebook, Google, YouTube likely obliged to pay taxes in Vietnam

Three of the new cases were detected in a lockdown area in Kim Dinh commune, Kim Thanh district, while the other three were in concentrated quarantine facilities as they were F1 of previous cases. The national tally increased to 2,487. The same day, 22 COVID-19 patients were given the all clear, bringing the total number of recoveries to 1,920. The death toll remains at 35. Among patients still under treatment, 65 have tested negative for SARS-CoV-2 once, 57 twice and 137 thrice. More than 51,570 people who had close contact with COVID-19 patients or arrived from pandemic-affected areas are being quarantined across the country. Source: VNA … [Read more...] about Six COVID-19 cases recorded on March 4

According to the comprehensive plan to develop the IT human resources, Vietnam needed 1 million workers in the IT field in 2020. Yet the reality shows that there are only 600,000 IT students being trained in 400 higher educational institutes and 8 key IT training centers nationwide. Statistics from the Institute of Information Technology Strategy (under the Ministry of Information & Communications) show that 72 percent of IT students lack practical experience, while 42 percent are weak at team work. Only 15 percent of IT graduates satisfy the demands of employers. Vietnam now has over 700 IT companies working in key fields of the IT industry, including 220 foreign ones. They mostly locate in major cities or software parks. Notably, despite a high job potential, the AI field still attracts little attention from both learners and trainers. There is no formal university department or school to specifically provide tertiary education in this field. Most curriculum focus on … [Read more...] about HCMC focusing on training AI human resources

Khanh Hoa province, on the south-central coast, has recently been leading the way in attaining attraction from both domestic and foreign financiers when it comes to the gas and electricity sector. Among the suitors is one from the United States, proposing the Millennium gas power project with a forecast capacity of 14,400MW and 17 million tonnes of storage for liquefied natural gas (LNG) per year. Joining in are Embark United Co., Ltd. and US Quantum Corporation to establish a 6,000MW gas power venture and a port warehouse to receive and process six million tonnes of LNG per year. Japanese investors did also not ignore the opportunity to develop gas power projects in Khanh Hoa, as Sumitomo Corporation proposed to invest in a 3,000MW gas power scheme and a storage system for three million tonnes of LNG per year, while J-Power Co., Ltd. wants to invest in a gas turbine power project with a capacity of 3,000MW. Despite a slightly slower approach, the province is also seeing the … [Read more...] about Full steam ahead for LNG capacities to omit fossil fuels

The 32-year-old, who runs an Italian restaurant in Hue, noticed Vietnamese diners always ask if the restaurant has ketchup or hot sauce when eating pizza. "We usually eat pizza without adding any sauce because it already has enough seasoning. I was surprised when customers asked for ketchup or hot sauce, which our restaurant didn’t have. Later, I bought them to meet customer demand," Cortinovis said. The Italian chef added pizza in Vietnam has a wider variety of toppings such as beef, chicken and pineapple. Before opening a restaurant in Hue, Cortinovis used to live in Ho Chi Minh City for a year. "I guess there are many restaurants in Vietnam that make American-style pizzas with many types of toppings on the crust. I prefer the traditional recipe, and if anyone doesn't like it, I will try to explain to them more about Italian cuisine," he said. In addition, Cortinovis noticed Vietnamese do not usually eat pizza right after it is served but often chat and eat other dishes … [Read more...] about Italian chef surprised by Vietnamese dousing pizza with ketchup