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Peer reviews to referee global minimum tax implementation disputes: expert

The Global Minimum Tax being a complicated affair, peer reviews are likely to referee different interpretations, Jonathan Pemberton, a senior advisor with the Washington D.C.-based International Tax and Investment Center (ITIC), said Tuesday.

Economy - Tue, May 7, 2024 | 1:38 pm

Vietnam GDP growth can reach 5-6.7% in 2024: finance institutions

Foreign organizations have expressed a positive outlook about Vietnam’s GDP growth next year on the basis that the country’s economic growth is likely to surpass 5% this year as forecast by Party General Secretary Nguyen Phu Trong.

A year in review and 2024 forecasts - Fri, December 29, 2023 | 7:00 am

Vietnam approves global minimum tax, gov’t to build supporting policy

The National Assembly (NA), Vietnam’s highest legislative body, passed a resolution on global minimum tax (GMT) on Wednesday with a 93.52% endorsement.

Economy - Wed, November 29, 2023 | 11:14 am

Support policies needed for attractive investment environment if GMT enacted: lawmakers

The application of the global minimum tax (GMT) will reduce the attractiveness of Vietnam’s investment environment, so the National Assembly should issue resolutions on preferential support policies for businesses, especially foreign ones, said legislators.

Economy - Wed, November 22, 2023 | 1:58 pm

Vietnam can collect $600 mln more from global minimum tax enactment

Vietnam can collect VND14.6 trillion ($600 million) of tax differences between the country’s current tax scheme and the Global Minimum Tax (GMT) in the first year of enforcement, if all countries apply the GMT from 2024, according to a government report.

Economy - Fri, November 10, 2023 | 7:03 pm

Foreign investors bet on Vietnam’s growth: minister

Foreign investment in Vietnam is poised to remain robust as international firms see potential for the country to become a global supply hub and play a crucial role in boosting world trade, according to Minister of Planning and Investment Nguyen Chi Dung.

Economy - Sat, October 28, 2023 | 2:01 pm

Global economy likely to grow 3% in 2023, 2.7% in 2024: OECD

The global economic growth can fall from 3.3% in 2022 to 3% this year and then slow down to 2.7% in 2024, the OECD said in its September interim edition of the OECD Economic Outlook.

Economy - Wed, September 20, 2023 | 12:02 pm

Vietnam economy expected to grow 6.5% this year: OECD

Vietnam is likely to achieve GDP growth of 6.5% in 2023 and 6.6% in 2024, according to a report released by OECD on Wednesday.

Economy - Wed, April 26, 2023 | 6:47 pm

Global minimum tax - opportunities and challenges for Vietnam

Adoption of the global minimum tax (GMT) will bring both opportunities and challenges for Vietnam in attracting foreign investment, wrote Huong Vu, co-head of the Vietnam Business Forum's (VBF) Tax & Customs Working Group.

Economy - Tue, February 28, 2023 | 9:38 am

Response to Global Anti-Base Erosion model rules: key considerations for Vietnam

If Vietnam chooses not to introduce legislation to implement Pillar Two of the Global Anti-Base Erosion model rules (GloBE model rules), tax incentives may be “clawed back” in another country, and from a multinational enterprise perspective, it means that the investor will not receive tax benefits and will just have to pay tax somewhere else, said Robert King, indochina tax leader at EY.

Economy - Fri, February 24, 2023 | 10:42 am