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.

HÀ NÔI — The Regional Comprehensive Economic Partnership (RCEP) has given Việt Nam and other ASEAN countries a perfect opportunity to become a centre of investment attraction, said Minister of Industry and Trade, Trần Tuấn Anh.

Vietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam.

Mergers and acquisitions in Vietnam are forecast to change from the beginning of next year, when three amended laws will come into effect at the same time. Deputy director of the Central Institute of Economic Management Phan Duc Hieu, spoke with VIR’s Khanh An about impact of the laws on enterprises, investment, and securities on the M&A market.

The Government’s recently-issued Decree 132/2020/ND-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Noc Minh said.

As online commerce grows in Viet Nam, regulations on consumer protection and disputes should be strengthened, experts said at a conference held on November 10 in HCM City.

The mergers and acquisitions (M&A) market is forecast to see big changes since January 1, 2021 as the pandemic-induced slowdown wanes and the policy framework is radically improved.

The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.

Vietnamese tech startups have all the tools and circumstances to bounce back and seize new opportunities after the COVID-19 pandemic.

Despite expectations to the contrary, Vietnam’s existing rules easing access to conditional business lines in civil aviation have been unable to improve the sector’s investment picture, with financiers calling for relaxation of foreign ownership limits.

HÀ NỘI — All people entering Việt Nam by commercial flights will be put under quarantine according to three different groups, with each group subject to different COVID-19 testing regulations, according to a draft regulation from the Ministry of Health.

Some articles of draft Decree No.72/2013/ND-CP regarding the management, provision and use of internet services and online information have come up against contrasting opinions, mostly from overseas companies providing related services in Vietnam. Talking to VIR’s Van Anh, managing director of the Asia Internet Coalition Jeff Paine clarified the problems that foreign suppliers may struggle with if the draft decree is approved.

CEO of German tech giant Siemens AG and Chairman of the Asia-Pacific Committee for German Business (APA) Joe Kaeser has called upon German firms to invest in Vietnam as part of efforts to diversify supply chains.

Vietnam is anticipated to see positive GDP growth of $340 billion by the end of 2020 which will help the country’s GDP exceed Singapore's, becoming the fourth-largest economy in Southeast Asia.

The Government's 30 percent corporate income tax cut was a step in the right direction but it could have been more inclusive by offering support to small businesses that were in desperate need of cash due to the difficulties caused by the COVID-19 pandemic, said business leaders and industry experts.

The Ministry of Industry and Trade (MoIT) has submitted a draft circular on 'Vietnamese products and goods' and 'products and goods made in Viet Nam'.

Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved.

Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1 percent growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.

The Government has directed the State Bank of Viet Nam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV’s deputy governor Nguyen Kim Anh said on Wednesday.

Any business with a revenue of less than VND200 billion ($8.7 million) this year will see corporate income tax (CIT) cut by 30 per cent.