Vietnam economy to expand 6.7 pct in 2021, according to UOB. It said Vietnam’s economic growth trajectory remained on track, with exports in the first five months growing 35.5 percent year-on-year, while imports rose 54 percent. Related: Vietnam attracts over 15 billion USD of FDI in first half of 2021 Foreign direct investment (FDI) inflows remain upbeat so far in 2021, a reflection of investor confidence and Vietnam’s relevance in the global supply chain. Registered capital FDI this year as of May hit $14 billion, rising marginally by 1 percent from last year. However, the fourth outbreak of Covid-19 that…
Author: Miley Selena
Hanoi will organize the largest ever Covid-19 vaccination campaign with three options, with the highest number of vaccinations to reach 200,000 per day. Dr Ngo Khanh Hoang, Deputy Head of the Division of Infectious Diseases Prevention and Control under the Hanoi Center for Disease Control (CDC), said that the campaign’s goal is to organize the fastest vaccination campaign, peaking at 200,000 injections per day. The requirement is to ensure distancing, to not gather in large groups when organizing vaccinations; and to ensure safe, quality and timely vaccinations for priority groups according to regulations, and fair, transparent and open access to…
More than 13,000 volunteers are expected to join the third phase of human trials for the COVID-19 vaccine Nano Covax – the most promising Vietnamese-made vaccine to date. The trial is expected to be completed in August, paving the way for vaccine authorisation after reviews of data. The vaccine has been developed by the Nanogen Pharmaceutical Biotechnology JSC who began researching it in May last year. Its first phase trials began on December last year, the second phase started in late February this year, the third on June 11. About a week ago, Nanogen appealed for an approval for emergency use for its COVID-19…
Singapore-based United Overseas Bank (UOB) has forecast that Vietnam’s gross domestic product (GDP) growth rate would rebound to 6.7 percent in 2021 from 2.9 percent in 2020, regardless of the impacts of the COVID-19 pandemic. The forecast was released in the UOB’s projection issued on Friday for Vietnam’s economic growth in the third quarter of 2021. Despite the COVID-19’s fourth wave that broke out in late April, Vietnam’s economy continued its recovery with its GDP growing by 4.5 percent in the first quarter of 2021 compared to the same period last year, the UOB said, citing statistics. Last month, the…
It is a part of the country’s plan to trial the use of vaccine passports that allow foreigners to travel to certain destinations that have managed the novel coronavirus pandemic well. The country plans to receive people coming from countries that have managed Covid-19 outbreaks well, including those that have achieved herd immunity thanks to their vaccination programs. Vietnam has decided to shorten centralized quarantine time for fully vaccinated entrants from 21 days to seven, as the country plans to initiate a vaccine passport program. Officials made the announcement at a meeting Friday between the National Steering Committee for Covid-19…
The deadline to issue Form 16 has been extended to July 31, 2021 from the previous deadline of July 15, 2021, as per a press release issued today by the Ministry of Finance. This implies that employees will get their Form 16 even later and will therefore be able to finalise their tax calculations only after that. This would leave exactly two months with the individual taxpayers to file their income tax returns (ITR) as most individuals are able to finalise their taxes and ITRs only after they receive their Form 16. The current deadline for filing ITR for FY2020-21…
The government has announced some income tax related reliefs due to the continuing novel coronavirus pandemic. These are: Extension of deadline under Vivad se Vishwas scheme for payment without interest by 2 months from 30th June to 31st August, 2021. First time home buyers could avail special tax relief on investment in residential house as per specified conditions. The deadline for making this investment in residential house for tax deduction has been extended by more than 3 months from earlier deadline of June 30, 2021. Amount paid for medical treatment to an employee by an employer or to a person…
Vietnam’s benchmark VN-Index rose 0.75 percent to 1390.12 points Friday, a new peak, with foreign investors being net sellers for the fourth consecutive session. The index started to surge in the last hour of trading and closed with a 10-point gain, the highest of the past five sessions. Trading value on the Ho Chi Minh Stock Exchange (HoSE) rose 3.5 percent to VND19.13 trillion ($831.7 million). The bourse saw 223 tickers gain and 147 lose. Foreign investors were net buyers for the fourth session in a row to the tune of VND81 billion, with strongest pressure on VHM of real…
Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI). The ministry reported that as of June 20, 9.55 billion USD had been injected into 804 newly-licenced projects, up 13.2 percent year on year. Meanwhile, 4.12 billion USD had been added into 460 underway projects, a year on year rise of 10.6 percent. Foreign investors also poured 1.61 billion USD in share purchase deals in Vietnam, according to the ministry. Meanwhile, the…
The PAN-Aadhaar linking deadline has yet again been extended by the government. As per announcement made by Minister of State for Finance & Corporate Affairs Anurag Thakur via his Twitter handle, the deadline to link PAN with Aadhaar has been extended by three months to September 30, 2021 from the current deadline of June 30, 2021. The PAN-Aadhaar linking deadline has been extended due to the second wave of the novel coronavirus pandemic. The government has already extended the deadline thrice due to Covid-19 – first from March 31, 2020, to June 30, 2020, then to March 31, 2021, and…