E-commerce businesses will soon be required to have tax numbers (NPWPs) and report their recapitulation of trade transactions to the Finance Ministry following its newly issued regulation on taxation for online trade transactions. Having been approved by the Law and Human Rights Ministry and signed by Finance Minister Sri Mulyani Indrawati, the new…

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in Vietnam on January 14. The impact of the CPTPP on the economy depends greatly on the country’s ability to obtain opportunities and overcome challenges. The Vietnam’s National Assembly passed a resolution approving the deal and related documents on…

A National University of Singapore (NUS) programme to nurture entrepreneurs in different nodes of the world has now expanded to Toronto and Shenzhen. The Canadian city is an artificial intelligence (AI) powerhouse, while Shenzhen is shaping up as China’s version of Silicon Valley. Since 2002, NUS has set up 10…

Vietnamese e-commerce platforms Tiki, Thegioididong and Sendo were named among ten most visited sites in Southeast Asia by price comparison website iPrice Group. Tiki, Thegioididong and Sendo ranked sixth, seventh and eighth, respectively, by average monthly web traffic. The two others in the top ten which were also conducting business…

Foreign direct investment in Vietnam climbed 9.1% in 2018 to reach $19.1 billion, the government reports, marking a sixth straight annual record as capital keeps flowing into one of Southeast Asia’s fastest-growing economies. Industries such as apparel have been moving production out of China and into Vietnam looking to escape the higher U.S. tari