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Hanoi to build second airport as air travel demand booms

The Hanoi Department of Planning and Architecture has recommended the construction of a second airport in the city to cope with the rising demand for air travel.

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Vietnam cuts corporate income tax by 30% to assist virus-hit firms

The Government has agreed to reduce 30 percent of corporate income tax for enterprise with 2020 total revenue not exceeding VND200 billion ($8.64 million), according to Government news portal.

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Foreign invested firms account for 70 percent of Vietnam's textile exports

As much as 70 percent of textile export revenue belongs to foreign direct investment enterprises, said the Vietnam Textile and Apparel Association.