Tax avoidance strategies using offshore indirect transfer have become popular among multinational companies and caused negative impacts on developing countries. This article discusses difficulties that developing countries have been facing in the fight against tax evasion by multinational companies and suggests the way forward to prevent the abuse of investor-state dispute settlement mechanism for tax avoidance in the globe.

Foreign-invested enterprises would be allowed to register for doing business in the form of multilevel marketing (MLM) in Vietnam if they have at least three years’ experience of operating in MLM in another country.

More than half a billion dollars in tax returns have been awarded to firms since 2017 in a bid by the Government to boost the country's auto industry and supporting industry, according to deputy director of the General Department of Vietnam Customs Luu Manh Tuong.

By 2030, the industrial sector will make up over 40 percent of the national GDP, in which processing and manufacturing account for 30 percent.

Domestic trade is expected to contribute about 13.5 percent of GDP by 2025, according to the Ministry of Industry and Trade's target to effectively realize the 2021-2025 socio-economic development plan.

Vietnam will continue to fulfill its international commitments so that it can take full advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and recover its economy amid a resurgence of COVID-19 pandemic.

The first “Cashless Day” of Vietnam was held on June 16 with a series of events designed to encourage non-cash payment in the country.

Tax policies are being specified while customs procedures simplified to improve the legal framework to facilitate the European Union - Vietnam Free Trade Agreement enforcement.

The June consumer price index rose 0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59 percent against December 2019, the General Statistics Office reported on June 29.

Vietnam is expected to be among 15 most developed agricultural countries in the world, with agricultural product processing making top 10, by 2030.