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December 3rd Qingqiao Morning Post | Vietnam approves the minimum company tax law for foreign enterprises
Release time:2023-12-03 Source: Qingqiao Number of views:

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The evening star breaks at dawn, and the future is promising
Today in history:On this day 146 years ago, Wang Guowei was born. He was a renowned scholar who enjoyed international reputation during the intersection of modern and contemporary China. His representative works include "Human Ci Hua", "Guantang Ji Lin", "Ancient History Xin Zheng", etc. He was the founder of modern China's use of Western philosophy, aesthetics, and literary perspectives to analyze and comment on classical Chinese literature, leaving valuable wealth for the Chinese literary world.
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politics
01Former Deputy Chief of Penang, Malaysia forms the Indian New Party

According to Sing Chau Daily, after attending the inauguration ceremony of the new director, former second deputy head of Penang, Rama Shami, recently expressed his complete disappointment with the ideology of multi-ethnic parties. Multiracial parties such as the Democratic Action Party and the People's Justice Party are unable to speak up for the Indian people, so they have decided to establish a new political party, the "Civil Rights Consensus Party", to safeguard the rights and interests of the Indian people. He said that although many political parties in Malaysia have members of the Indian ethnic group, they do not have the right to speak up and must obey the instructions of the leadership. If there are Indian leaders who dare to speak up, they will be marginalized and even expelled from the party.


It is understood that Rama Shami is a former Deputy Secretary General of the Democratic Action Party, who has previously worked inBetween 2008 and August of this year, he served as the second deputy head of Penang state in Malaysia three times. As the factional struggle of the Penang Democratic Party intensified, Ramashami announced his withdrawal from the party two days before the six state elections on August 12th.

02The Indonesian presidential election has kicked off

The Lianhe Zaobao reported that recently, the Indonesian presidential election campaign officially started, and the candidates will spare no effort to win a vote from the voters during the 75 day campaign period. The three teams are expected to engage in fierce competition, and all sectors will continue to monitor whether the election order will be disrupted.


Among the three teams, former Governor of Central Java, Ganchal, from the largest party in Congress and the Struggle Democratic Party, as well as former Governor of Jakarta, Anis, have launched campaign activities. According to Reuters, Ganchal started his campaign in the easternmost province of Papua in Indonesia, while his partner, Minister of Political, Legal and Security Coordination Maford, started from the westernmost province of Aceh. Anis chose to meet with voters in the capital Jakarta and surrounding areas, while his partner, the chairman of the National Renaissance Party, Mu Haimin, was active in Surabaya, the capital of East Java Province. The third running group, composed of Defense Minister Prabowo and President Joko's eldest son Gibran, has received the most attention and has not yet taken action. They will only start their campaign later.


This election campaign starts fromStarting from November 28th and ending on February 10th next year, over 200 million voters in Indonesia will elect a new President and Vice President, as well as representatives to national and local councils, on February 14th next year. This election is expected to be highly competitive, and the Indonesian police are preparing to mobilize over 260000 police forces to maintain order.


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military affairs
01India plans to build a second domestically produced aircraft carrier

According to Global Times, recently, sources revealed that India is reportedly planning to build a second domestically produced aircraft carrier, following the USS Vikland, at a cost of approximately $5 billion. The Indian Defense Procurement Committee will discuss the project at its meeting on the 30th and is expected to approve it. According to The Times of India, the new aircraft carrier can carry 28 carrier based fighter jets and helicopters, with a displacement of up to 45000 tons. The first batch of fighter jets to enter service on the ship may be Rafale fighter jets purchased from France.


According to public information, the Indian marketThere are two aircraft carriers that have already been put into service, which were launched last yearThe Vikrant and the Chaori King, which entered service in 2013, were old ships that were converted from Soviet aircraft carriers. After the launch of the second domestically produced aircraft carrier, India will have three carrier battle groups, which will serve as a platform for the Indian Navy to showcase its strength in the Indian Ocean region, helping India to maintain long-term military presence far from home and further expand its maritime influence.


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economic

01Vietnam approves the minimum company tax law for foreign enterprises

Hanoi Comprehensive News,On November 29th,The Vietnamese parliament has officially passed the levy on local foreign enterprisesThe 15% corporate tax bill, newbillIt will take effect from January 1, 2024, which is likely to affect Vietnam's ability to attract foreign investment.


It is understood that the tax rate for local Vietnamese enterprises is20%,butThe countryFor many years, we have been providing low to5% effective tax rate and long zero tax period. Vietnam is a member of the OECD,According to the OECDThe international tax system reform plan launched in 2021 requires economies that agree to join the plan to impose a minimum corporate tax of 15% on local large multinational corporations starting from January 2024, in order to create a fair competitive environment and avoid becoming a "tax haven" for some large companies.


It is understood that the new law applies toIn the past four years, at least two years of income have exceeded750 million eurosOur company. The government estimates that Vietnam will have122 foreign companies will be required to pay taxes at the new tax rate, equivalent to an additional tax of approximately 14.6 trillion Vietnamese dong.But some economists have also analyzed that the bill may lead to a decrease in Vietnam's attractiveness to foreign investment.

02Burmese white sugar is selling well

Myanmar Chinese Network News: Recently,Myanmar Sugar and Sugarcane Products Entrepreneurs AssociationRepresent,This year, multiple countries have approached them and expressed interest in purchasing Burmese white sugar. Except in theSeptember BangladeshcountryExpressing interest in purchasing from countries such as IndonesiabeyondVietnam has also added orders. Due to Vietnam sending outAn order of 10000 tons, thereforeMyanmar will prioritize exports to Vietnam.


It is understood that,Myanmar's white sugar is usually considered for export only after meeting domestic demand.andThe sugarcane crushing season in Myanmar usually occurs everyyearStarting from November and December, the average annual production of white sugar is about 400000 tons. Due to the high price of sugar, sugar mills are offering high prices to purchase sugarcane. Last year, the purchase price per ton of sugarcane was about 90000 kyats, but this year it has reached a maximum of 150000 kyats.


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security

01The US military's "Osprey" crashed again

According to the Lianhe Zaobao, the Japanese Coast Guard announced that an MV-22 "Osprey" transport plane of the US Marine Corps flew from the US military base near Hiroshima, Yamaguchi Prefecture, to the southern base of Okinawa on November 29, when the left engine suddenly "blew out a flame" during the flight, and then crashed in the sea area about 2 to 4 kilometers away from the airport on the east side of Ukushima. After the accident, the Japanese Coast Guard mobilized patrol boats and helicopters near Ujima and found a unconscious American soldier in the waters around the crash site. The hospital confirmed that he had died and five others were missing. Japanese authorities will continue to search.


It is understood that the V-22 Osprey, jointly developed by Bell Helicopters and Boeing, is the only military tiltrotor aircraft in service in the world. It can operate like a helicopter and also operate like a fixed wing aircraft. But since its service, the constant number of plane crashes has raised doubts about the safety and reliability of the Osprey.This AugustA US Marine Corps MV-22B Osprey crashed during a joint military exercise in Australia, resulting in at least three deaths and five serious injuries.


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culture
01The Third International Forum on Medical Innovation Cooperation was held in China

According to China ASEAN Media Network, the third International Forum on Medical Innovation Cooperation was recently held in Fangchenggang City, China. The forum is themed "Strengthening Medical Open Cooperation and Building a Healthy Future for Humanity". More than 400 officials, experts, and representatives from medical and health departments of member countries of the Shanghai Cooperation Organization and ASEAN countries, as well as relevant enterprises, participated in this academic festival in the field of medical innovation, jointly exploring the core issues of current medical and health development, promoting international medical open innovation and exchange cooperation, and building a community of human health.


During the forum, Fangchenggang City andKazakhstan, Hungary, Indonesia, Vietnam, Thailand and other countries, as well as Guangdong, Jiangsu, Beijing, Shanghai and other provinces and cities, have successfully signed and unveiled contracts25 projects with a total investment of 21.9 billion yuan. The contracted projects involve multiple fields such as pharmaceutical manufacturing, food safety, and nutrition and health, playing an important role in promoting international medical openness, innovation, and exchange and cooperation.







Financial Newsletter
According to Caixin News Agency, on November 29th, lithium carbonate futures LC2401 closed at 109850 yuan/ton, hitting a new low since its listing. The average spot carbon price was 134000 yuan/ton, reaching a new low this year.


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