THE SOCIALIST REPUBLIC OF VIET NAM
Government News
VN, Hong Kong pen anti-double taxation agreement
VGP – An agreement on avoidance of double taxation between Việt Nam and the Hong Kong Special Administrative Region was signed today in Hà Nội by Vietnamese Deputy Finance Minister Đỗ Hoàng Anh Tuấn and Hong Kong Financial Secretary John Tsang.
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Photo: VGP |
The agreement is expected to help boost trade and investment cooperation between Việt Nam and Hong Kong through creating a clear and sustainable legal environment for investors.
Over the past time, the economic ties between the two sides have vigorously developed.
Since late 1980s’ when Việt Nam started its renovation policies, Hong Kong has bridged commercial and investment relations between Việt Nam and other countries.
For years, Hong Kong has always stood among the leading investors in Việt Nam. So far, Hong Kong has poured nearly US $5 billion in more than 400 projects in Việt Nam với tổng số vốn cam kết gần 5 tỷ USD, ranking the fifth among over 70 countries and territories doing investment here.
The two-way trade turnover was US $2 billion last year.
By Phương Hạnh