Energy security at risk after forced plant output cuts

Energy security at risk after forced plant output cuts

Many privately-owned renewable power plants have been required to cut electricity output due to the overloaded transmission system, as regulations struggle to keep up with the fast-developing sector.
Lively increase in trade with Canada

Lively increase in trade with Canada

Diversifying trade activities between Vietnam and Canada thanks to implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership over the past two years has sharply increased the two-way trade turnover.
High-tech a bright spot in FDI picture

High-tech a bright spot in FDI picture

Although the country’s registered foreign direct investment capital went down by 15.6 per cent on-year due to the pandemic, financial injections still managed to find their way to high-tech projects in the first two months of the year, showcasing the attraction of some of Vietnam’s industries and localities.
Tax deferral to ease business operations

Tax deferral to ease business operations

To support businesses to recover operations soon, numerous policies related to deferring tax and land rent payments are to be put in place, while a reduction in corporate income tax is being considered.
Japanese expertise to accelerate e-government

Japanese expertise to accelerate e-government

Japan and Vietnam are fostering bigger cooperation in building up an efficient e-government in the Southeast Asian nation, with the former expected to share its experiences and know-how with the latter as it realises its national strategy on Industry 4.0.
End of the game nigh for online tax dodgers

End of the game nigh for online tax dodgers

The age of unfettered freedom for online business and vendors is coming to a close as Vietnamese authorities are building policies to better trace these activities and collect the state’s due.
A destination of innovation in the new era

A destination of innovation in the new era

The pandemic has accelerated trends in high-tech startups, digital transformation, and innovation, with demands for a digital economy and innovation ecosystem deemed more essential than ever.
Tightened indicators aid ASEAN statistics community

Tightened indicators aid ASEAN statistics community

As chair of ASEAN for 2020, Vietnam has been doing its utmost to improve the quality of statistics in the region, in order to provide trusting information and data to the wider world.
Positive growth trajectory likely

Positive growth trajectory likely

The expected economic growth rate for next year may not be out of reach if a surge in local production and exports, as well as public investment, materialises.
FDI possible in digital cross-border services

FDI possible in digital cross-border services

With regional nations racing to lower their taxes in order to woo more investment, which may dent their coffers, creating feasible policies for collecting taxes is expected to help reach their goals of attracting more high-quality funding.
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