Ha Tinh collects $246,000 tax arrears from Taiwanese firm

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SaiGon GP English 4 day(s) ago

The Customs Department in the north central province of Ha Tinh has issued a decision to collect nearly VND5.49 billion (US$245,610) in tax arrears from Hung Nghiep Formosa Ha Tinh Company (FHS).

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Singaporean sugar factories up to the chin in debts

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Báo Đầu Tư English 7 day(s) ago

Singaporean sugar factories up to the chin in debts

The difficult situation of Asian sugar producer Indo China Food Industries is being revealed through the huge refractory debts shouldered by its factories throughout Vietnam.

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GDT launches transfer pricing probe into Big C

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Báo Đầu Tư English 7 day(s) ago

GDT launches transfer pricing probe into Big C

Tax authorities are conducting a probe into Big C Vietnam for suspected transfer pricing, while seeking to collect hundreds of millions of US dollars from the sale of its retail system in the country.

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Risk provisions and bad debts eat up bank profits

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Báo Đầu Tư English 7 day(s) ago

Risk provisions and bad debts eat up bank profits

While banks have been able to control their non-performing loans ratio well below the 3 per cent threshold, the potentially irrecoverable debt fraction has, conversely, edged up among local banks.

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Vietnam plans tax cut for small, medium firms to boost growth

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Báo Thanh Niên English 1 week(s) ago

Vietnam plans tax cut for small, medium firms to boost growth

Vietnam is considering reducing corporate and income taxes in the next five years to boost economic development, according to a new government resolution.

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Dung Quat wants to set petrol prices

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Báo Đầu Tư English 1 week(s) ago

Dung Quat wants to set petrol prices

Binh Son Refining and Petrochemical Co (BSR), which operates and manages Dung Quat Oil Refinery, has asked the Ministry of Finance for permission to calculate the petrol selling price themselves.

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VN named in Asian Mighty Five list

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Báo điện tử CP English 1 week(s) ago

VGP – Viet Nam entered the list of MITI-V (pronounced “Mighty 5) countries which were seen to be an Asian powerhouse emerging over the next few years, a Thailand-based newspaper – The Nation - reported.

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US$20 billion of foreign capital in Vietnam from 'tax havens'

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Báo Dân Trí English 1 week(s) ago

US$20 billion of foreign capital in Vietnam from 'tax havens'

British Virgin Islands (BVI) is an archipelago of about 153 km2, with GDP of more than US$1 billion but businesses registered here have invested US$19.3 billion into Vietnam.

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Mining sector buried in taxes

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VietStock FI English 1 week(s) ago

Mining sector buried in taxes

With the global commodities markets in a deep slump, mining companies operating in one of the Kingdom’s riskiest and most heavily-taxed industries are lobbying for a less onerous tax regime to account for the high upfront capital costs and risk of mineral exploration and extraction.

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Nearly half of 2016 tax target already collected

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VietStock FI English 1 week(s) ago

In the first four months of the year, the government collected nearly half of its tax revenue target for all of 2016, local media reported yesterday, citing Kong Vibol, director of the General Department of Taxation (GDT).

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Vietnam starts probing people, businesses named in Panama Papers

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Báo Thanh Niên English 1 week(s) ago

Vietnam starts probing people, businesses named in Panama Papers

Vietnam's tax authority and relevant agencies have launched an investigation into 189 individuals and businesses named in the latest release of the Panama Papers, in the world's biggest leak of information about secret offshore assets.

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Vietnam real estate firms want 'unfair' tax policy scrapped

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Báo Thanh Niên English 1 week(s) ago

Vietnam real estate firms want 'unfair' tax policy scrapped

Now that they are again making profits following the recovery in the market, many real estate companies are calling for the scrapping of a tax provision they describe as "unfair" and "discriminating."

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Big C Vietnam scrutinized for suspected transfer pricing: taxman

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Báo Tuổi Trẻ English 2 week(s) ago

Big C Vietnam scrutinized for suspected transfer pricing: taxman

With a tax inspection into all Vietnamese outlets of retailer Big C set for completion later this month, local tax authorities are also considering the possibility that transfer pricing activities have taken place.

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Vingroup posts bumper profit in Q1 as retail business soars

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Báo Thanh Niên English 2 week(s) ago

Vingroup posts bumper profit in Q1 as retail business soars

Vietnamese conglomerate Vingroup has reported VND1.04 trillion (US$46.6 million) in after-tax profit in the first quarter of this year, three times higher than the same period of last year.

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Export garment producers see decline in orders

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Báo Đầu Tư English 2 week(s) ago

Export garment producers see decline in orders

Producers of export quality garments are facing a reduction in orders, according to the Viet Nam Textile and Apparel Association (VITAS).

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