Banking & Finance

The greater acceptance of QR payments will also have the effect of standardizing and clarifying digital cash flows.

A key highlight of the proposal is the updated regulation on Value-Added Tax (VAT) and Personal Income Tax (PIT).

Employers are also allowed to recruit foreign workers based on job requirements without being subject to any quota or limitation on the proportion of foreign employees.

The move sends a clear message to the international community regarding Vietnam’s readiness to cooperate, partner, and share development opportunities.

A newly-registered project in the international financial center shall be entitled to a corporate income tax rate of 10 percent for 30 years, if it belongs to priority business lines in the IFC.

The exercise serves as a critical test of the nation’s defensive capabilities. It aims to enhance incident response skills at a time when cyberspace is becoming an increasingly dangerous and volatile front.