Transparency must be the supreme principle for FDI

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VietnamNet English 5 day(s) ago

Transparency must be the supreme principle for FDI

VietNamNet Bridge - Taxation bodies are expected to examine the behavior of foreign-invested enterprises suspected of conducting transfer pricing, without fuss. However, most of the works have never been made public.

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BUSINESS IN BRIEF 29/4

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VietnamNet English 1 month(s) ago 2 related news

FMCG consumption edges up

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Metro’s transfer pricing practices unmasked by GDT

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VietnamNet English 1 month(s) ago

Metro’s transfer pricing practices unmasked by GDT

VietNamNet Bridge - Metro Cash & Carry Vietnam, the German invested retailer, which repeatedly reported losses over the last 12 years in Vietnam, has engaged in transfer pricing to evade tax, according to the General Department of Taxation (GDT).

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Vietnam to inspect major firms after Metro tax case

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VOV News English 1 month(s) ago 2 related news

Vietnam to inspect major firms after Metro tax case

Many major companies operating in Vietnam will soon come under tax inspections on suspicions of transfer pricing, an official from the inspectorate of the General Department of Taxation said on April 22.

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Vietnam to inspect major firms after Metro tax case

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

Vietnam to inspect major firms after Metro tax case

Many major companies operating in Vietnam will soon come under tax inspections on suspicions of transfer pricing, an official from the inspectorate of the General Department of Taxation said Wednesday.

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Vietnam to inspect major firms after Metro tax case

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Báo Tuổi Trẻ English 1 month(s) ago 2 related news

Vietnam to inspect major firms after Metro tax case

Many major companies operating in Vietnam will soon come under tax inspections on suspicions of transfer pricing, an official from the inspectorate of the General Department of Taxation said Wednesday.

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Metro to pay additional tax

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Báo Đầu Tư English 1 month(s) ago 3 duplicate news

Metro to pay additional tax

METRO Cash & Carry Vietnam (MCC) will have to pay VND507 billion (US$23.8 million) as additional tax to the State budget.

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Metro Vietnam found owing over $23.6mn in tax in transfer pricing inspection

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Báo Tuổi Trẻ English 1 month(s) ago

Metro Vietnam found owing over $23.6mn in tax in transfer pricing inspection

The Vietnamese unit of Germany’s Metro Cash & Carry will have to pay almost US$24 million in tax arrears after its wrongdoings have been unearthed in a transfer pricing inspection that concluded Monday.

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Thai TCC Holding to acquire Metro Vietnam as BJC rejects deal

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Báo Thanh Niên English 1 month(s) ago

Thai TCC Holding to acquire Metro Vietnam as BJC rejects deal

Thailand's Berli Jucker (BJC) shareholders on Friday rejected a plan to buy German retailer Metro's Vietnam unit, prompting its major investor TCC Holding to step in and acquire the Vietnamese cash-and-carry retailer.

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Thai, Japanese products dominating Vietnam market

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Báo Dân Trí English 1 month(s) ago

Thai, Japanese products dominating Vietnam market

Thai and Japanese products are dominating the Vietnam marketplace, creating a greater competitive environment for local manufacturers.

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Big foreign firms hit brick wall trying to take over Vietnamese supermarkets

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VietnamNet English 3 month(s) ago

Big foreign firms hit brick wall trying to take over Vietnamese supermarkets

VietNamNet Bridge – Powerful foreign businesses are encountering obstacles in their attempts to acquire Vietnamese retailers.

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Minister denies that Vietnam is losing retail market

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VietnamNet English 3 month(s) ago 1 related news

Minister denies that Vietnam is losing retail market

VietNamNet Bridge – Minister of Industry and Trade Vu Huy Hoang said that 97 percent of the total goods in the market are distributed by Vietnamese businesses, while foreign retailers hold only 3 percent.

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Transfer-pricing cases worse than expected, inspectors find

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VietnamNet English 4 month(s) ago

Transfer-pricing cases worse than expected, inspectors find

VietNamNet Bridge –Inspectors looking for transfer-pricing cases examined 2,866 enterprises in 2014, discovering that the actual losses incurred by businesses was VND5.8 trillion lower than reported. The inspectors also attempted to collect VND1.7 trillion worth of tax arrears.

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HCM City agency yet to receive Metro Vietnam transfer proposal

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VietnamNet English 4 month(s) ago

HCM City agency yet to receive Metro Vietnam transfer proposal

The HCMC Department of Planning and Investment has not received a proposal from Metro Cash & Carry Vietnam (MCC Vietnam) for transferring its wholesale chain in the country to Thailand’s Berli Jucker Public Co. Ltd. (BJC) though the news about this broke last August.

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Shareholders oppose Thai billionaire’s plan to take over Metro Vietnam

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VietnamNet English 4 month(s) ago

Shareholders oppose Thai billionaire’s plan to take over Metro Vietnam

VietNamNet Bridge – Thai billionaire Charoen Sirivadhanabhakdi, the biggest shareholder of Berli Jucker Group, may not be able to buy Metro Cash & Carry Vietnam as planned because the group’s shareholders have opposed the deal.

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