VIETNAM BUSINESS NEWS MAY 19 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/05/2021 10:50 GMT+7
Foodstuff prices rise, pose inflation threat
A supermarket in HCM City. With the costs of materials needed for foodstuffs rising, businesses are finding ways to cut costs so that they can keep prices steady. Photo nhandan.com.vn
Prices of foodstuffs have been increasing due to rising costs of raw materials.
Do Van Khuol, supply director of Saigon Food Company, said the cost of both domestically sourced and imported inputs have risen, including those of rice and seafood, whose output has fallen.
Tuesday, March 09, 2021, 15:54 GMT+7
A delivery worker is seen riding a motorbike on a street in Vietnam. Photo: Quang Dinh / Tuoi Tre
In a bid to collect due tax from foreign service providers, Vietnamese authorities are requiring banks and payment intermediary service companies to withhold and pay tax from the accounts of e-commerce foreign contractors who do not register as a taxpayer in Vietnam, raising concerns over overload and risky transactions at local lenders.
The direction was set forth in a draft circular to guide the implementation of Decree 126, which provides guidance for the application of the Law on Tax Administration.
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