The reduction aims to boost consumer spending for three months.
Alexander Koch, Heineken Vietnam's Managing Director, affirmed that the Covid-19 pandemic has significantly affected the company's operations as well as its contribution to the state budget.
Four in five European business leaders agree that businesses should be able to inoculate their workforce, reducing the burden on the state budget while also helping to accelerate the government’s vaccination drive.
Disruptive technology is changing the face of the global hospitality sector and it is definitely transforming Vietnam’s budget hotel industry in one way or another. To see how it is happening right now, Troy Griffiths, deputy managing director at Savills Vietnam, will give an insight into how tech has been driving the budget hospitality and opening up opportunities for the tourism industry as a whole here.
The budget airline has become the first to operate direct routes to India starting this December, with booking now available on its online channels and ticket offices nationwide.
Spending over VND9 trillion ($391.3 million) in the first half of the year on the construction of its Dung Quat Iron and Steel integrated complex through borrowings, Hoa Phat Group is paying an enormous amount of interest on its debts each day.
The world’s largest rubber glove manufacturer Top Glove will open its first plant in Vietnam next year to cater to the rising demand for hygienic gloves.
International tourists are spending less in Vietnam than in other regional countries.
The Malaysian budget airline's attempt to launch a low-cost carrier in Vietnam has fallen.
Once the $420-million multi-purpose entertainment complex - Horse racing course project is put into operation, it will contribute around $40 million to the State budget each year.
Cross-border trading is challenging the taxation authorities because if Facebook or Google could not be taxed or are inadequately taxed, this would cause huge losses to the State budget and create an unfair competitive environment for domestic firms, according to expert.
Malaysia-based budget AirAsia has just signed a memorandum of cooperation with Hai Au Aviation, reaffirming its intention to set up a low-cost carrier in the market.
Foreign direct investment enterprises achieved the highest profit growth amongst the economic sectors, but contributed $11.4 billion only to the State budget, equaling to 28 per cent.
Vietnam has increased 8.52 per cent in spending on social security compared to last year, the second largest increase in the world, according to the commitment to reducing inequality index just published by Oxfam.
