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business

Cash payments do not change businesses tax obligations

Cash payments do not change businesses’ tax obligations

Cash payments are not in themselves a tax violation, but using them to conceal sales or avoid issuing invoices can lead to tax and invoicing penalties, experts said.
Firms urged to build technology, IP and brands to retain more export value

Firms urged to build technology, IP and brands to retain more export value

 Innovation, technological capabilities, brand value and national competitiveness can not be viewed as separate elements
Project to bring business concerns into policymaking launched

Project to bring business concerns into policymaking launched

The initiative would a regular channel for communication between businesses and the Government and help policymakers respond more quickly to issues arising from business operations.
Easy come, not easy go: reducing the pain of business closures

Easy come, not easy go: reducing the pain of business closures

For thousands of businesses that have stopped trading, shutting the door for good can mean months or even years of tax procedures, paperwork and accumulated obligations, leaving companies that are economically dead still alive on paper.
Global AI experts see opportunity for Việt Nam to accelerate talent development

Global AI experts see opportunity for Việt Nam to accelerate talent development

AI is creating new opportunities for countries to develop world-class talent. Two international experts explain how Việt Nam can make the most of the opportunities ahead.
Eight-month economy stays on track, but business pressures remain

Eight-month economy stays on track, but business pressures remain

Việt Nam’s economy maintained strong momentum in eight months, but slower business re-entry, rising dissolutions and inflationary pressures highlight challenges as the Government pushes for double-digit growth.
VN shifts from supporting to developing SMEs

VN shifts from supporting to developing SMEs

The Government has proposed a Law on Development of SMEs to replace the Law on Support for SMEs 2017 which was discussed at the National Assembly’s Standing Committee on August 28.
East West Barbershop takes Vietnamese mens grooming into global markets

East West Barbershop takes Vietnamese men’s grooming into global markets

From one HCM City barbershop to more than 130 locations, East West Barbershop is taking its Vietnamese grooming model global, combining an experience-led approach with standardised operations to build a scalable international brand.
Deputy PM: no evasion, no buck-passing in resolving business obstacles

Deputy PM: no evasion, no buck-passing in resolving business obstacles

Businesses have raised numerous proposals through various forums, including a Government Standing Committee meeting with the business community last month. 
Draft investment law seeks to cut conditional business lines

Draft investment law seeks to cut conditional business lines

The changes are expected to reduce compliance costs by about VNĐ175 billion (US$6.7 million) annually and save around 7,500 hours of administrative processing each year, according to the draft law.
Deeper reforms needed to achieve target of 2 million firms

Deeper reforms needed to achieve target of 2 million firms

The target, set under the Politburo’s Resolution 68 on private sector development, means the country will need to add around 200,000 net active businesses each year over the next five years.
Việt Nam, Australia seek stronger cooperation in supply chains, energy transition

Việt Nam, Australia seek stronger cooperation in supply chains, energy transition

Organised by the Australia–Vietnam Chamber of Commerce and Industry, the forum was held under the theme “Promoting trade, investment and strategic partnership between Australia and Vietnam.”
Ministry draft includes several amendments to petrol business decree

Ministry draft includes several amendments to petrol business decree

The State will no longer periodically announce base prices. Instead, wholesale and retail distributors will have the right to independently decide and announce retail prices within their distribution systems based on the price formula stipulated in the new decree.
Vietnamese construction material makers set sights on Australia

Vietnamese construction material makers set sights on Australia

Head of the Vietnam Trade Office in Australia Trần Thị Thanh Mỹ said the Việt Nam–Australia Comprehensive Strategic Partnership is widening the lane for economic, trade, and investment ties.
Businesses put forward growth proposals at first meeting with new Government

Businesses put forward growth proposals at first meeting with new Government

Domestic and foreign business leaders presented growth proposals at their first meeting with the new Government Standing Committee.