Vinacomin profits plunge

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Báo Dân Trí English 7 day(s) ago

Vietnam National Coal and Mineral Industries Group (Vinacomin) has faced a sharp decline in profits, while the group spends VND12 billion (USD571,420) a day on interest rates payments alone.

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Miliket: Instant noodle empire in hot water

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Báo Đầu Tư English 7 day(s) ago

Miliket, once the king of Vietnamese noodles ruling over about 90 per cent of the domestic market, is struggling to keep its head above the water amid current cut-throat competition.

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VASEP raises voice against US tax

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SaiGon GP English 1 week(s) ago 1 duplicate news

Higher anti-dumping duties on Vietnamese frozen warm-water shrimp exports levied by the United States Department of Commerce (DOC) will affect the psychology of businesses and shrimp farmers in Việt Nam.

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NagaWorld reaches $15M tax settlement with gov’t

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VietStock FI English 1 week(s) ago

NagaWorld reaches $15M tax settlement with gov’t

NagaWorld, Phnom Penh’s landmark casino resort complex, paid more than $15 million last week to settle its tax liabilities on non-gaming business operations following a government audit of its parent company’s 2015 financial statements, a Ministry of Economy and Finance (MEF) official said yesterday.

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Finance ministry announces new tax plan for Uber

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Báo Dân Trí English 2 week(s) ago

Finance ministry announces new tax plan for Uber

The Vietnamese Ministry of Finance has issued a new tax plan for Uber taxi service after its recent rule requiring drivers to pay tax on behalf of the ride-hailing company proved unpopular.

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New auto rules worry small players

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SaiGon GP English 2 week(s) ago

New auto rules worry small players

Several provisions of a new draft circular on imported autos impose unfair restrictions on small and medium-scale firms, according to the Vietnam Chamber of Commerce and Industry (VCCI).

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Vietnam announces new tax rule for Uber

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Báo Tuổi Trẻ English 2 week(s) ago

Vietnam announces new tax rule for Uber

Vietnam’s Ministry of Finance has announced a new tax plan for Uber more than a month after withdrawing a controversial rule that required drivers to pay tax on behalf of the ride-hailing company.

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ACV reports loss due to appreciation of yen

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Báo Đầu Tư English 2 week(s) ago

ACV reports loss due to appreciation of yen

The Airports Corporation of Viet Nam (ACV) incurred losses of VND1.37 trillion (US$60.8 million) due to the sharp increase in the value of the Japanese yen.

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Rubber producers want export taxes scrapped

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VietStock FI English 2 week(s) ago

Pivate sector rubber producers have petitioned the government to drop export taxes on rubber products, arguing that by scrapping the tax the sector would attract foreign investment into processing factories.

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Dung Quat receives additional incentives

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Báo Dân Trí English 2 week(s) ago

Dung Quat receives additional incentives

The government has agreed to provide additional incentives to the State-owned Binh Son Refining and Petrochemical Company Limited (BSR) regarding tax reductions and giving it financial autonomy, under which it foregoes compensation from PetroVietnam for any losses, from the beginning of next year.

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Budget deficit to expand over remaining months

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Báo Dân Trí English 3 week(s) ago

Budget deficit to expand over remaining months

The pressure on the budget deficit will likely increase in the remaining months of this year due to the anticipated rapid rise of investments in capital construction.

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Zero export tax doesn't satisfy gold jewellery makers

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Báo Đầu Tư English 3 week(s) ago

Zero export tax doesn't satisfy gold jewellery makers

Gold jewellery and other gold articles with less than 95 per cent gold content enjoy zero export duty rates from September 1, under Decree No. 122/2016/ND-CP.

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Leather, footwear exports strong, local consumption weak

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SaiGon GP English 3 week(s) ago

Leather, footwear exports strong, local consumption weak

The leather and footwear industry posts the annual growth rate of 9.7 percent on average. Made in Vietnam shoes have been exported to 50 nations but met only 40 percent of local demand, approximating 150 million pairs a year, according to statistics by the Ministry of Industry and Trade.

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Tax refunds to be accelerated

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Báo Đầu Tư English 3 week(s) ago

Tax refunds to be accelerated

The tax watchdog is striving to increase the percentage of tax reimbursements processed through the "refund first, check later" regime, aiming to speed up refunds that would be beneficial for businesses, according to Le Thi Duyen Hai, director of the Tax Declaration and Refund Department.

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Big C Vietnam pays off $93 million tax arrears

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Báo Đầu Tư English 1 month(s) ago

Big C Vietnam pays off $93 million tax arrears

Big C Vietnam, representing its new owner Central Group, has paid off the whole VND2.034 trillion ($93 million) it declared in tax earlier.

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