by Teuvo Tuomi | Jun 28, 2024 | Business, Manufacturing, News, Taxation, Transportation, Vietnam
Vietnam’s Ministry of Finance has asked relevant ministries, branches, and agencies for feedback on a proposal to cut half the registration fees for domestically manufactured and assembled cars. The proposed tax cut would be effective from August 2024 until the...
by Teuvo Tuomi | Jun 26, 2024 | China, Infrastructure, News, Transportation, Travel, Vietnam, Visions
Work on a 1,500-kilometer high-speed rail link between the northern and southern regions will start in 2026 or 2027, Vietnam’s Minister of Transport Nguyen Van Thang says. Work is set to begin next year, connecting China with the northern province of Lao Cai,...
by Teuvo Tuomi | Jun 22, 2024 | Reports, ASEAN, Business, Cambodia, Economy, Indonesia, Malaysia, Philippines, Singapore, Southeast Asia, Thailand, Vietnam
For the first time, Fortune’s Southeast Asia 500 ranking for 2024 lists the region’s largest companies by revenue in the fiscal year 2023. With one of the world’s fastest-growing regions now having its own Fortune 500 list, this progress reflects Southeast Asia’s...
by Teuvo Tuomi | Jun 17, 2024 | Vietnam, Food & Drinks, Health, Lifestyle, News, Society, Taxation
Vietnam’s Finance Ministry is proposing a hike in special consumption tax on alcoholic drinks to 100% by 2030. Under the draft, the tax on beer and strong liquor will first be raised to 70-80% by 2026 from the current 65%. “Alcoholic drinks and beer prices...
by Teuvo Tuomi | Jun 15, 2024 | News, Culture, Lifestyle, Vietnam
The San Francisco Board of Supervisors has declared Vietnamese an official city language that requires the authorities’ provision of translation services. The decision is aimed at ensuring that residents can be served in the language they are most comfortable in. The...
by Teuvo Tuomi | Jun 12, 2024 | Business, China, Digitalization, Finland, Technology, Vietnam, Visions
Foxconn will produce 5G AirScale equipment for Nokia at the former’s factory in Vietnam’s northern province of Bac Giang, Vietnamese state media reports. Production is scheduled to begin in July, according to Dau Tu newspaper, which is run by the Ministry...
