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VIETNAM BUSINESS NEWS APRIL 17
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Thai investors scaling up presence with raft of activities 13:50 | 15/04/2021
Thai investors scaling up presence with raft of activities(source: cafef.vn)
Central Retail Corporation on April 3 announced its 5-year plan for an investment of approximately $1.1 billion for the Vietnamese market. The move is part of its broader strategy to secure a stronger footprint in the country.
Philippe Broianigo, CEO of Central Retail Corporation said, âThe corporation has set up the roadmap with key focus to expand multi-concept penetration in all clusters across city, suburban, and rural areas. Thus, we will revamp brands in the food category for better synergy and enhanced customer experience and build brands for our non-food section, as well as develop our omnichannel presence.â
Foreign-invested capital on the rise
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Demand for top meat drives funding 10:00 | 05/02/2021
In the midst of the rising demand for quality pork, Vietnam has witnessed growing investment in the clean meat market.
Those involved in meat retail employ various strategies depending on location, trade type, and more, photo: Le Toan
Last week, AVG Capital Partners, a private equity fund from Russia, signed an MoU with Thanh Hoa Peopleâs Committee to develop a $1.4 billion pork processing complex in Nghi Son Economic Zone.
With an area of 1,000 hectares, the complex has a designed capacity to produce five million hogs a year. It will boast 43 commercial pig farms and three hybrid pig farms, a mixed feed factory with a capacity of two million tonnes a year, as well as a slaughterhouse and processing plant with a capacity of 600,000 tonnes a year.
VIETNAM BUSINESS NEWS JANUARY 27 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
27/01/2021 10:15 GMT+7
More taxes collected from online businesses
More people have come to pay taxes for their online businesses in Hanoi in 2020.
Mai Son, head of Hanoi Taxation Department, said e-business has strongly developed in Vietnam and worldwide. In 2020, Hanoi collected VND123bn (USD5.3m) in taxes, five times higher than the collected taxes in 2019. Most of the taxpayers are individuals, he said.
A woman from Cau Giay District paid VND23.4bn (USD1m) after earning VND330bn last year from writing and published her apps on Google Play and App Store. Another man paid over VND18bn from his VND260bn income also from writing mobile apps. According to the Hanoi Taxation Department, another person paid over VND7bn in taxes from his online business v
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