Cyprus and Vietnam signed a new deal. It will help people not pay taxes two times. It will also stop people from not paying taxes. Leaders say this is a good step. It will help businesses trade and work together. This will make things easy for companies.
Makis Keravnos from Cyprus was there. Cao Anh Tuan from Vietnam was also there. The two countries will be friends for 50 years in 2025. This deal has clear rules for money in both countries. It tells how to pay taxes on money earned. This will stop confusion.
Both countries want to trade more. They trade $111.6 million now. Cyprus also put money in Vietnam. Vietnam's money in Cyprus is growing. This new tax deal will help this grow.
Vietnam has signed deals like this before. It has many tax deals. This new deal helps Vietnam trade more. It makes a clear system for money.
This deal will help businesses. They will pay less tax. This will mean more trade. It will also help countries work together. They will share tax help. This makes both countries good for business.