Vietnam’s Finance Ministry Announces VAT and Land Rent Payment Extension for Businesses
Vietnam’s Ministry of Finance has announced a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments worth around USD 1.3 billion for businesses affected by the COVID-19 epidemic. This measure is expected to come in effect...
EU Investors to Have the Opportunity to Hold 49% Stake in Two Vietnamese Banks
EU investors will have opportunity to hold up to 49% charter capital at two Vietnamese banks under Vietnam’s commitments in the EU-Vietnam Free Trade Agreement (EVFTA). The offer will be valid for five years after the pact takes effect and it will apply only to...
Grab Launches Early Stage Startup Accelerator in Vietnam
In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of the Grab for Good development roadmap in Vietnam which aims to create greater social and...