40 most valuable companies in Vietnam: constants and new faces

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Báo Đầu Tư English 2 month(s) ago 1 related news

The 40 most valuable companies in Vietnam have a total revenue of $5.4 billion, which is a 20 per cent increase compared to 2016. This is the second time in a row that Vinamilk tops the list, with a brand value of $1.7 billion. The lowest ranked company on the list is LocTroi, with a value of $13.1 million.

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CIAS to launch IPO on July 12

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Báo Đầu Tư English 2 month(s) ago

Cam Ranh International Airport Service Joint Stock Company (CIAS) will offer over 1.4 million shares as part of the company’s initial public offering (IPO) on July 12.

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Vinataba-Philip Morris to reclaim over $2 million in tax refund

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Báo Đầu Tư English 3 month(s) ago

Vinataba-Philip Morris Ltd., based in Can Tho city, is in the legal process to reclaim a tax amount of over $2 million that has been withheld over the past few years in relation to the copyright licence fees that the company filed and submitted to the Can Tho Department of Customs.

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VNG targets 35 per cent growth in pre-tax profit in 2017

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Báo Đầu Tư English 3 month(s) ago

According to the resolution of the annual shareholders’ meeting of major Vietnamese information technology company VNG Corporation passed last week, it has set a target revenue of VND3.96 trillion ($174 million), up 31 per cent over the previous year, and profit before tax of VND908 billion ($40 million), up 34.7 per cent.

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Vietnam to seek help from Facebook to stop tax-evading online shops

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam’s taxman has said it would seek help from Facebook to stop businesses that sell products via its pages without paying tax, despite resistance from online shop owners.

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Over 13,000 online sellers on Facebook: Tax department

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Báo Đầu Tư English 3 month(s) ago

As many as 13,422 Facebook account holders are conducting trading activities through this social network, the Ha Noi Taxation Department announced on June 20.

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Smaller banks overtake giants in profit growth

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Báo Đầu Tư English 3 month(s) ago

Although commercial banks have yet to release their financial reports for the second quarter of 2017, many of them revealed their operating results in the first five or six months of 2017. Accordingly, some small and medium-scale banks overtook the giants of the Vietnamese banking industry in terms of profit growth.

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Ho Chi Minh City to name and shame tax-evading Facebook shop owners

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Báo Tuổi Trẻ English 3 month(s) ago

A new plan by Ho Chi Minh City tax department looks to name and shame owners of Facebook shops that intentionally evade tax responsibilities.

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Vietcombank receives 3 awards from Asian Banker Awards

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Báo điện tử CP English 3 month(s) ago

VGP - The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has been honoured with three awards from The Asian Banker at its annual summit held in Singapore recently.

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Ho Chi Minh City tries to tax Facebook sellers

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Báo Đầu Tư English 4 month(s) ago

The Ho Chi Minh City Department of Taxation has sent invitations to merchants that sell goods and services through Facebook, asking them to file and pay tax after their activities.

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Cement export tax burdens domestic firms

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Báo Đầu Tư English 4 month(s) ago

The imposition of 5 per cent export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.

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Vietnamese tax incentive system woefully inadequate

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Báo Đầu Tư English 4 month(s) ago

The Vietnamese tax system is not as effective as one would hope in preventing tax dodging by companies, while its incentives are very generous at the expense of the state budget.

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Tripartite agreement fuels PJICO’s hopes

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Báo Đầu Tư English 5 month(s) ago 1 related news

The cooperation between PJICO, one of the biggest non-life insurers of Vietnam, its strategic shareholder Vietnam National Petroleum Group (Petrolimex), and Samsung Fire & Marine Insurance Co., Ltd. (SFMI) is hoped to strengthen PJICO’s position and promote its development in the future.

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HSC announces goals for 2017

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Báo Đầu Tư English 5 month(s) ago

The HCM Securities Corporation (HSC) aims to achieve total revenue of VND1.01 trillion (US$44.3 million) this year, up 23 per cent year-on-year, with the goal for after-tax profit set at VND391 billion, up 19 per cent.

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SSI to issue bonds worth VND300 billion again

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Báo Đầu Tư English 5 month(s) ago

Saigon Securities Incorporation (SSI) has decided to issue bonds worth VND300 billion (US$13.3 million) to financial and credit institutions.

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