To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17% for those with a total revenue of no more than VND50 billion (US$1.99 million), instead of the current flat rate of 20%.
Nearly 25 Vietnamese companies exporting basa fish have withdrawn from the EU market since the beginning of the year.
The UK-Vietnam Free Trade Agreement (UKVFTA), expected to come into force in the beginning of 2021, is promising several export opportunities to the European market for Vietnamese garment-textile and footwear enterprises.