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2 Vietnamese honored as young global leaders | |
| A diplomat and a renowned architect were among 214 people aged under 40 from around the world honored at the annual World Economic Forum in Switzerland for their outstanding and inspiring achievements. Nguyen Hoang Long, Vietnam's Ambassador to Italy, won the“Young Global Leader” award for his contributions to relations between Vietnam and Italy, while architect Vo Trong Nghia is known for his green buildings that have won many international awards. |
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Vietnam victim of corporate tax evasion | |
| Vietnam hoped foreign investment will bring benefits like economic growth and more jobs, but tax evasion by creative accounting is what it is getting. A nationwide investigation into tax evasion found 83 percent of foreign companies used various tricks to minimize their tax liability last year. |
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Vietnam targets reduced tax time | |
| According to Resolution 19/N-CP on core measures to improve the business climate and national competitiveness, the amount of time businesses spend on tax procedures will be decreased five-fold from 876 hours to 171 hours. |
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Vietnam lawmakers want restrictions on foreigners buying houses | |
| Under amendments the ministry proposes to the Housing Law, overseas Vietnamese can buy houses without restrictions once they are allowed to enter Vietnam. Existing laws only allow them to own one house or apartment after they are in the country for at least six months. |
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Motorbike market almost reaches saturation in Vietnam: insiders | |
| Motorbike sales will continue to slump as the Vietnamese market has almost reached a saturation point, industry insiders have said. |
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