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Retail market slumps, global supermarket chains leave Vietnam

Retail market slumps, global supermarket chains leave Vietnam
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10/03/2021

06:49
GMT+7
Big C, Metro, Tran Anh and Vien Thong A, once powerful retail giants, have disappeared after takeover deals.
Central Retail Group has renamed seven Big C supermarkets to Tops Market and 5 Big C hypermarkets to GO! in its brand repositioning plan.
Other Big C hypermarkets, one after another, wi also be repositioned and renamed this year. Once the process completes, Big C, the brand which has been familiar to Vietnamese for 22 years, will no longer exist in Vietnam. ....

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Tax deferral to ease business operations

Tax deferral to ease business operations
08:00 | 03/03/2021
A postponement of business-related tax would assist pendemic-stricken companies and the state budget. Photo: Le Tien
The Ministry of Finance (MoF) has proposed that the government approves a decree on extending the payment of taxes and land fees in 2021 with particular measures for every tax, beneficiary, and business sector.
The MoF suggested delaying VAT payments for five months, reducing the total state budget by VND68.8 trillion ($3 billion) during the period. For corporate income tax (CIT), the MoF proposed deferring for three months â consequently, around VND40.5 trillion ($1.76 billion) will be paid to the state budget later, while VAT made by household and individual businesses to be delayed is estimated at VND1.3 trillion ($56.5 million). ....

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Philippines extends partial lockdown in capital

By VNA / DA NANG Today
February 28, 2021, 10:06 [GMT+7]
Philippine President Rodrigo Duterte has extended partial lockdown in the capital until the end of March, as the country awaits the arrival of COVID-19 vaccines.
People wear masks in the Philippines to guard against COVID-19 (Source: Xinhua/VNA)
In a statement on February 27, spokesperson of the Philippine President Harry Roque said the decision follows a report of 2,651 new virus infections, the highest daily increase in more than four months.
The Philippines will be the last in the region to get its first shipment of vaccines, comprising 600,000 doses of Sinovac Biotech’s vaccines donated by China, to be delivered on February 28, and earmarked for healthcare workers and military troops. The country has the second largest numbers of COVID-19 cases and deaths in Southeast Asia. ....

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Automobile group exports over 200 units, parts

By VNA / DA NANG Today
February 21, 2021, 09:56 [GMT+7]
Automobile producer THACO recently shipped more than 200 Kia vehicles and auto parts to Thailand, Myanmar, Japan, and the Republic of Korea (RoK).
A THACO bus being loaded on a ship at Chu Lai Port for export to Thailand (Photo courtesy of THACO)
The conglomerate’s largest export consignment to date, made on February 17, comprised of cars, buses and semi-trailers manufactured at its factories at the THACO-Chu Lai Industrial Park in central Quang Nam province.
The exports included 80 Grand Carnival cars to Thailand, the company’s seventh consignment to its partner, Yontrakit, since December 2019. ....

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Promoting the resource of overseas Vietnamese in national development

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Promoting the resource of overseas Vietnamese in national development
ABO/NDO – On the occasion of the 2021 Lunar New Year (Tet) festival, overseas Vietnamese people shared their thoughts and aspirations with Nhan Dan Newspaper, expressing their earnest desire to contribute strength and wisdom as well as join hands in building and developing the homeland.
According to Tran Thi Phuong Thao, a member of Executive Committee of the Vietnamese People Association in the Czech Republic, every year on the occasion of the Lunar New Year, the Vietnamese community in the Czech Republic organises cultural exchange activities with the aim of preserving the national cultural identity, as well as helping the younger generation learn more about their origins. ....

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