Since July 1, 2020, when the Law on Tax Administration N0 38 which includes regulation on tax administration for e-commerce activities, took effect, tax collection from activities has been under control. In 2020, Hanoi collected VND123 billion in tax from e-commerce. In 2017, the Hanoi Taxation Agency sent 13,000 messages to subscribers who had addresses for selling goods on social networks and reported that over 2,000 individuals followed procedures to register for tax declaration.
Foreign enterprises poured a considerable amount of capital into manufacturing and processing projects in the first half of January, according to the investment office at the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza).
Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee member and Minister of Industry and Trade Tran Tuan Anh. Anh made the statement in his presentation at discussions on January 28 during the on-going 13th National Party Congress.
Many Vietnamese goods have found their way on to prominent shelves with special decorations in Woolworths supermarkets, one of the two major chains in Australia, ahead of the Lunar New Year (Tet) holiday. Along with products that have become familiar to Australian customers such as instant coffee, canned coconut water, confectionary, cashew nuts, and rice noodles, this year Woolworths has also introduced pork floss, rock candy, and coconut caramel. Vietnam’s export of agricultural and food products to Australia has been rising in recent years. At Coles, the other major chain, Vietnamese seafood and processed food are always in stock and attract the attention of shoppers.
Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11 percent year-on-year to 19.5 billion USD in 2020, making it one of the sectors hardest hit by COVID-19.
The Solar Storage System (ESS) offers a low-cost and low-emissions solution for peak-hour power supply, helping Vietnam pursue low emissions development and ensuring economic growth, according to an expert at a workshop held in Hanoi on January 27. Solar power sources are intermittent and fluctuate during the day, thus causing several issues for grid operation. The combination between the source and the energy storage system can lead to more stable performance.
Tuna exporters in the central provinces of Khanh Hoa, Binh Dinh and Phu Yen said the number of tuna orders from the US, Canada, Brazil and Columbia in January rose significantly as compared to the same time last year.
The Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin) is speeding up investments in key projects to ensure the corporation’s sustainable development in 2021.
The National Load Dispatch Center (A0) has asked Vietnam Electricity (EVN) to equip it with better infrastructure for the operation of a future wholesale and retail electricity market with more renewable energy resources.
Vietnam’s goods exports valued at 27.7 billion USD, up 0.2 percent from the previous month and 50.5 percent from the same period last year, according to the latest data unveiled by the General Statistics Office of Vietnam (GSO).
Despite being heavily affected by the COVID-19 pandemic, Japanese manufacturers in Vietnam have officially returned to production and recruitment since the fourth quarter of last year, according to a report released by recruitment services provider Navigos Search earlier this week.