Software companies enjoy free corporate tax for 4 years

Wed, 08/29/2001 - 00:39


Vietnamese and foreign software businesses that are operating in Vietnam and do not fall under the adjusted objects of the Law on Foreign Investment in Vietnam will enjoy exemption from the corporate tax for four years when they have taxable income.

This was announced in a circular issued on May 21, by the Ministry of Finance, on guiding the implementation of tax preference which is stipulated in a decision by the Prime Minister on some policies and measures to boost investment and development of the software industry.

Vietnam signs international coffee agreement

Thu, 08/23/2001 - 00:32


Ha Noi, Aug. 23 (VNA) -- Viet Nam signed the 2001 International Coffee Agreement at the UN headquarters in New York on Aug. 22.

Vietnamese Ambassador to the UN Nguyen Thanh Chau was the signatory.

Countries that have signed the agreement include Colombia, Costa Rica, the Dominican Republic, Ecuador, Ethiopia, India, Japan, Uganda, Tanzania, and Viet Nam.

More than 20,000 businesses after Enterprise Law

Mon, 08/20/2001 - 02:08


Ha Noi, August 19 (VNA)-- More than 20,000 businesses have been set up across the country since the Enterprise Law came into effect on Jan.1, 2000.

The new businesses' registered capital totals more than VND 24,000 billion (roughly USD 1,655 million). In addition, thousands of pre-Enterprise Law entities have received permits for additional industries or services.

Vietnam to exploit 30 million tones of oil & gas per year 2010

Mon, 08/20/2001 - 02:07


Ha Noi, Aug. 18 (VNA) -- With a new oil discovery at the Su Tu Den (Black Lion) oil and gas field on the southeastern continental shelf, Viet Nam expects to exploit 28-30 million tonnes of oil and gas per year by 2010.

According to initial estimate by the Viet Nam Oil and Gas Corporation (PetroVietnam) and its partners, the reserve of the new oil field at lot 15-1, belonging to Cuu Long sedimentary area offshore Ba Ria-Vung Tau province, is about 420 million barrels.

Seminar on CEPT/AFTA for businesses

Fri, 08/10/2001 - 11:47

Ha Noi, Aug. 10 (VNA) -- Representatives from 120 local and foreign businesses, joint ventures, and export-processing zones attended a seminar on the Common Effect Preferential Tariff, CEPT, scheme for ASEAN Free Trade Area, AFTA, in Ha Noi on Aug. 10.

Garments and textiles search for export outlets

Wed, 08/08/2001 - 11:39


Ha Noi, Aug. 7 (VNA) -- Measures to expand markets and increase exports in the context of global competition were discussed recently by 50 leading garment and textile enterprises with the Trade, Planning Investment, and Finance Ministries.

At a workshop held in Ho Chi Minh City on Aug. 6, the participants stressed the importance of the Government's support for their efforts in rationalising production and increasing productivity.

8,1 million tourists in 7 months

Wed, 08/01/2001 - 00:35



Ha Noi, Aug. 1 (VNA) -- Viet Nam welcomed almost 8.1 million tourists, including 1.4 million foreigners, in the first seventh months of this year.

As a result, the country's revenues from tourism reached VND 6,400 billion (USD 441 million) in the reviewed period, or a 14 percent year-on-year increase, according to the Viet Nam Tourism Administration (VTA).

To lure more tourists, the VTA has proposed Vietnamese embassies in foreign countries to simplify administrative procedures in granting visas to foreigners.

Gov't promulgates measures to boost exports

Wed, 08/01/2001 - 00:22

Ha Noi, July 30 (VNA) -- The Government on July 26 promulgated decision 908/QD-TTg outlining measures to promote exports in the remaining months of the year.

Under the decision effective as of the signing date, export goods will be exempted from customs duties and all other fees related to export formalities within one year. The Finance Ministry will coordinate with provincial authorities to reduce fees for those engaged in trading in border areas.

Questionaire for foreign investors

Mon, 07/23/2001 - 11:16


The Planning and Investment Office of Ho Chi Minh City suggests following questionaire for foreign investors. They are welcome all answers you may offer. You can send answer by email jpdpi@hcm.vnn.vn or by mail to address 32 Le Thanh Tong, District 1, Ho Chi Minh City; Tel: 84-4-829 3179; Fax: 84-4-829 5008

Section 1:

Background:

1. Name: (if possible)

List of projects calling for foreign investment in 2001-2005

Mon, 07/23/2001 - 11:01



OIL AND GAS

1. New Exploration and exploitation

Project name: New Exploration and exploitation

Location:

- Gulf of Tonskin:

+ Block 104, 107

+ Block 110, 113, 114

- The Central area:

+ Block 115, 122

+ Block 135, 136

- The Southern Con Son area

+ Block 04.1; 04.2; 05.1B; 10; 11.1; from 18 to 24

- The South-West from Block 41 to 45

Note: PSC/JV

2. Gas pipelines

Project name: Gas pipelines

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