Phnom Penh's NagaWorld casino targeted in audit

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VietStock FI English 3 month(s) ago

Phnom Penh's NagaWorld casino targeted in audit

The government is conducting an audit of NagaWorld in Phnom Penh to assess its tax liabilities on non-gaming operations after finding “discrepancies” last year that prompted the first-ever government probe of the landmark casino and entertainment complex’s finances.

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Vietnam shortens concession period of BOT projects

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam shortens concession period of BOT projects

The State Audit Office of Vietnam (SAV) has ordered investors of several build-operate-transfer (BOT) developers to shorten their period of charging tolls, following a comprehensive inspection into traffic infrastructure projects across the country.

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Vietjet celebrates new route with 300,000 super cheap tickets

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Báo Tuổi Trẻ English 3 month(s) ago

Vietjet celebrates new route with 300,000 super cheap tickets

Budget carrier Vietjet Air is offering zero-fare tickets on domestic flights as it prepares to inaugurate a new flight route.

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U.S. Army fudged its accounts by trillions of dollars, auditor finds

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Báo Thanh Niên English 3 month(s) ago

U.S. Army fudged its accounts by trillions of dollars, auditor finds

The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.

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Delayed state divestment, listing restrict growth of Sabeco, Habeco

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Báo Đầu Tư English 4 month(s) ago

Delayed state divestment, listing restrict growth of Sabeco, Habeco

Recently uncovered bad management practices at Saigon Beer, Alcohol and Beverage JSC (Sabeco) and Hanoi Beer, Alcohol and Beverage JSC (Habeco), the two largest beer companies in Vietnam in terms of market share, show that the longer they delay becoming public companies, the more they will lag behind competitors.

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Accounting standards miss mark

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VietStock FI English 4 month(s) ago

The first-ever study to measure compliance with Cambodia’s new Law on Accounting and Auditing found few companies willing to talk about their accounting practices, and a low rate of compliance among those that did.

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US billionaire Buffett challenges Trump to reveal tax returns

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SaiGon GP English 4 month(s) ago

US billionaire Buffett challenges Trump to reveal tax returns

US billionaire Warren Buffett challenged Donald Trump on Monday to release his tax returns, a feat which the Republican presidential candidate has so far resisted, sources from Vietnam News/AFP.

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Social housing misused: audit

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Báo Đầu Tư English 4 month(s) ago

Social housing misused: audit

The state audit of Viet Nam has revealed the misuse of many social housing apartments in major cities.

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Vietnam’s bad debts surge as bank wrongdoings rise: state audit

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Báo Tuổi Trẻ English 4 month(s) ago

Vietnam’s bad debts surge as bank wrongdoings rise: state audit

An audit conducted last year into the 2014 performance of state-run Vietnamese companies and banks has found the country’s bad debt continuing to rise while little change is forced upon lenders found gaming the system.

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Profit-tax revenue leads first half surge

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VietStock FI English 5 month(s) ago

Profit-tax revenue leads first half surge

Cambodia's tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday.

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Business highlights – June 19-26

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Báo điện tử CP English 5 month(s) ago

VGP - The EU providing €3.9 million to increase transparency in auditing, Mexico opening a new sea route to Viet Nam, more than 600,000 jobs being created in five months, 72% of businesses advocating TPP, and Binh Duong attracting US$1 billion in FDI are economic highlights from June 19-26.

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EU provides €3.9 million to increase transparency in auditing

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Báo điện tử CP English 5 month(s) ago

EU provides €3.9 million to increase transparency in auditing

VGP – The European partners and sponsors have officially launched a €3.9 million project to increase the explanation responsibility and transparency for the State Audit Office of Viet Nam (SAV).

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KPMG Vietnam launches Marketplace service

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Báo Đầu Tư English 6 month(s) ago

KPMG Vietnam launches Marketplace service

KPMG, one of the Big4 and the leading firm in audit and professional services, announced today that it will be launching a new service to provide corporations and organisations access to highly trained professionals for short-term secondments.

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841 servers hacked in Vietnam

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Báo Dân Trí English 6 month(s) ago

Kaspersky Lab researchers have identified a global forum where cybercriminals can buy and sell access to compromised servers for as little as US$6.

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CPA Australia raises bar for Vietnam’s auditing services

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Báo Đầu Tư English 6 month(s) ago

CPA Australia raises bar for Vietnam’s auditing services

Global economic integration highlights the need for Vietnam to work towards the full adoption of International Financial Reporting Standards (IFRS). Huynh Thien, regional manager for South Vietnam of CPA Australia, which teaches accountants and auditors financial reporting based on IFRS, talked with VIR’s Hong Anh about the activities of CPA Australia in Vietnam to ensure local accountants and auditors have the skills and capabilities necessary to meet future challenges.

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