One key measure to support Thai entrepreneurs is an increase in the corporate income tax (CIT) benefits granted to BOI-promoted SMEs, which will now receive a five-year CIT exemption equal to as much as 100% of their investment in enhancing their capabilities and improvements, up from the previous three-year CIT exemption capped at 50% of investment.
A slew of policies are being revised to increase birth rates, yet public concern remains over whether the proposed incentives in the draft Population Law will effectively address the declining number of births, said insiders.
The Indonesian government will soon issue electric motorcycle incentives, aiming to encourage increased performance of the automotive industry this year.
Vietnam’s semiconductor industry is expected to thrive in the coming time on the back of its favourable environment and various incentives, according to insiders.
Many Overseas Vietnamese (OVs) have expressed their willingness to return home to serve the fatherland’s development, as they are attending the Fourth World Conference of the OVs in Hanoi from August 21 to 24.
The Ministry of Information and Communications (MIC) on August 12 held a working session with relevant ministries and agencies to collect feedback on the draft Law on Digital Technology Industry before submitting it to the Government and the National Assembly.
A delegation of press agencies in the Republic of Korea paid a working visit to Lien Ha Thai Industrial Park in the northern province of Thai Binh on June 13.
Thailand is striving to become a centre for MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism in Southeast Asia, and considering Vietnam as one of its potential partners for cooperation in this field.
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Deputy Prime Minister Tran Hong Ha highlighted the importance of rooftop solar power in ensuring energy security, saying that there needs to be mechanisms and policies to encourage organisations and individuals to invest in solar power.
Indonesia has announced new incentives to encourage sales of locally-manufactured and imported electric vehicles (EVs), in its latest bid to boost the use of environment-friendlier cars as well as attract investment to its domestic EV industry.
Localities in the Mekong Delta region have been offering incentives and taking a range of solutions to lure more investment inflows into agriculture and rural development, in line with the region's potential and strength.
The Mekong Delta region, the country’s rice and fruit granary, holds huge potential for further investment in agriculture, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said on October 30.
The Indonesian government has announced a plan to boost the property market by covering the value-added tax (VAT) and the 4 million IDR (252 USD) administration fee for low-income home buyers.
The Mekong Delta province of Long An expects to attract more investments from Japan, and commits to creating favourable conditions for the East Asian investors to operate their long-term business in the locality, Chairman of the provincial People’s Committee Nguyen Van Ut has said.
The south-central coastal province of Binh Dinh always wants to strengthen cooperation with Japanese firms, a local official affirmed at an investment and trade promotion conference in Quy Nhon city on July 7.
The number of electric vehicles (EVs) registered in Thailand had soared to 61,594 by the end of March, boosted by government support measures, according to Thai government spokesperson Anucha Burapachaisri.
