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Tax, customs policies remain roadblocks to Vietnamese enterprises
While acknowledging the Government’s efforts in tax reforms, many enterprises say cumbersome tax and customs procedures are blunting the country’s advantage in low-price labour. Participants discussed this at a recent EuroCham workshop on changes in tax and customs regulations.
The European Chamber of Commerce in Vietnam lauded reforms the country has made in tax and customs administrative procedures, maintaining that it has helped enterprises. However, incomprehensive reforms have led to misunderstandings between agencies and businesses, the chamber said.
A survey by the Vietnam Chamber of Commerce and Industry in 2016 showed that 41 percent of businesses were annoyed by tax administrative procedures. Some 31 percent of businesses had to pay non-official fees, much higher than the figure in 2015.
Most enterprises said they do not want to sue state agencies. As a result, they hope tax and customs – related policies should be clear, consistent and easy for enterprises to follow.
Agri-tech’s fields grow FDI interest
Due to what many perceive as an opening for high-tech applications, Vietnam’s agricultural sector has been becoming increasingly attractive to foreign investors. According to the Ministry of Agriculture and Rural Development (MARD), since early this year the number of foreign firms exploring business and investment opportunities in the agricultural sector has significantly increased. Many want to deploy high-tech projects in Vietnam.MARD Minister Nguyen Xuan Cuong last week worked with Adam… chat_bubble_outline Read More...
Nuoc Mooc Stream – a fairyland in Quang Binh
VietNamNet Bridge – The central province of Quang Binh is famous for Ngang Pass, Nhat Le Sea and the world heritage Phong Nha - Ke Bang National Park. These days, tourists to the province can discover one more attractive destination: Nuoc Mooc Stream.Located in Phuc Trach Commune, Bo Trach District, Nuoc Mooc Stream connects with Chay River which is about 10 kilometers long and flows through Phong Nha Ke Bang National Park.The stream winds around a dense limestone forest. The tropical limestone… chat_bubble_outline Read More...
WATCH: Megyn Kelly And Newt Gingrich Spar Over 'Sexual Predators'
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Indonesian rescuers locate missing plane, recover 4 bodies
JAKARTA, Indonesia (AP) — Indonesia's search and rescue agency says it has recovered four bodies from the wreckage of a cargo plane that went missing in mountainous Papua.Henry Bambang Soelistyo, the National Search and Rescue Agency chief, said Tuesday that the wreckage was found on terrain at an elevation of about 12,000 feet (3,660 meters) in the Jayawijaya area.The plane was delivering construction materials and had four people on board, including its two pilots.A search for the… chat_bubble_outline Read More...
Wildfires in Chile destroy homes, livestock, livelihoods
PUMANQUE, Chile (AP) — Lambs suffered broken legs trying to escape the blaze that tore across Tarcila Becerra's land. Today there's nothing on the blackened soil left for the few chickens that survived to graze on, and horses whinny in a makeshift stable a few blocks from her ravaged home."We tried to defend our home, but the flames were too big and we had to run out," Becerra said later, standing next to a charred brick wall that's just about all that remains of the house.She and her brothers… chat_bubble_outline Read More...