Indonesia has welcomed a recent ruling by the World Trade Organisation (WTO), which found that the European Union (EU) discriminated against Indonesian palm oil-based biofuel, giving it unfair and detrimental treatment, in setting biofuel regulations, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.

The Ministry of Finance has proposed the tax incentives for the automobile part-supplying industry to be extended through December 31, 2027, instead of the end of this year to promote the development of the domestic automobile industry.

Vietnamese companies have been upbeat about the current business environment, according to the Business Outlook Study 2024 (SMEs & Large Enterprises) conducted by Singapore-based United Overseas Bank (UOB).

Belgium workshop spotlights business opportunities in Vietnam

The Indonesian Ministry of Finance recently announced tax incentives of 5% and 10% for electric buses with a localisation rate of 20% and at least 40%, respectively, in a bid to spur the use of public transport using electric motors in the country.

The Malaysian Government plans to raise the tax rate from 6% to 8% across an array of taxable services in March.

Vietnam had shipped 15.08 billion USD worth of products overseas as of January 15, a year-on-year increase of 4.1%, the General Statistics Office has announced.

Despite formidable challenges for the real estate market in 2023, industrial property market has stood out as a bright spot that has maintained its growth momentum on the back of the foreign direct investment (FDI) flow, according to insiders.

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Indonesia has unveiled a host of tax breaks to attract companies and people to move to its new capital Nusantara in the heart of Borneo.

Vietnam is having advantages in the British market, and Vietnamese exporters know how to utilise them, a diplomat has said.

The reduction of value-added tax (VAT) from 10 percent to 8 percent will help stimulate various sectors in the economy.

The administration of Hanoi has issued a number of breakthrough mechanisms and policies to support the development of startups.

The Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Vietnam.

Despite facing difficulties caused by the COVID-19 pandemic, Vietnam's footwear industry still achieved double-digit growth and some companies have received long-term orders.

The Government’s recently-issued Decree 132/2020/ND-CP would help prevent transfer pricing and limit thin capitalisation to develop a healthy investment market, Deputy Director of the General Department of Taxation Dang Ngoc Minh said.

More than half a billion dollars in tax returns have been awarded to firms since 2017 in a bid by the Government to boost the country's auto industry and supporting industry, according to deputy director of the General Department of Vietnam Customs Luu Manh Tuong.

The Ministry of Planning and Investment (MPI) said it had advised the Government to implement a number of policies to support Vietnam’s industrial sector, especially the supporting industry.

Vietnam plans to export several kinds of agricultural products to the European Union on September 16-17 under the EU-Vietnam Free Trade Agreement (EVFTA), following the successful shipment of shrimps – the first enjoying the agreement’s tax incentives.

State budget revenue in the first half of 2020 was down 10.5 percent against a year earlier and equal to just 44.2 percent of the annual estimate; the lowest since 2013, Minister of Finance Dinh Tien Dung told a conference in Hanoi on July 7.