Vietnam forgoes US$536.83 million tax under FTA commitments
The contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and 16.7% in 2019.
The contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and 16.7% in 2019.
The ASEAN chair is by tradition expected to show restraint and place the region’s interests before its own.
The growth in investment size in Vietnamese startups over the past few years makes the target of having tech unicorns right in Vietnam feasible, Chu Ngoc Anh, minister of Science and Technology stressed.
The move is aimed to help develop the automotive supporting industries, particularly as Vietnam still has to import massive basic materials for domestic car production.
The power plant is expected to become operational in July 2023, using up to 3.6 million tons of coal per year.
Vietnam’s fintech firms secured two of the top three largest funding deals in ASEAN in 2019.
Discussions at the event help address the heat of conflicts which threaten the regional security.
Vietnam is forecast to add two more jack-up rigs, as demand for oil exploration and production continues to rise.
This resulted in Vietnam importing an average of 9,230 cars per month and over 300 cars per day, and car imports of nearly US$1.75 billion during the period, up 250% year-on-year.