Parties urged to pay $160mn tax in Big C Vietnam transfer deal

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Báo Tuổi Trẻ English 4 day(s) ago

Parties urged to pay $160mn tax in Big C Vietnam transfer deal

Two months after the finalization of a massive deal that sees French-owned supermarket chain Big C Vietnam transferred to a new owner, neither of the parties involved seems to care about fulfilling their tax liabilities, much to the frustration of the Vietnamese tax agency.

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Vietnam demands $159 million tax on Big C deal: report

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Báo Thanh Niên English 4 day(s) ago

Vietnam demands $159 million tax on Big C deal: report

More than a month after France's Casino Group completed the US$1.04 billion sale of supermarket chain Big C Vietnam to Thailand's Central Group, the Vietnamese tax authority has reportedly grown impatient with the late tax payment on the record deal.

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Cambodian VIP revenue growth leads world market

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VietStock FI English 1 week(s) ago

Cambodian VIP revenue growth leads world market

Cambodia is expected to lead the globe in terms of VIP gaming revenue growth as a percentage this year, according to a new report issued by US investment bank Morgan Stanley.

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Banyan Tree’s luxury resort takes shape

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Báo Đầu Tư English 2 week(s) ago

Banyan Tree’s luxury resort takes shape

Singaporean developer Banyan Tree Holdings intends to build six more hotels in the Laguna Lang Co resort complex over the next few years.

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The Grand plans expansion of resort

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Báo Đầu Tư English 3 week(s) ago

The Grand plans expansion of resort

The Ho Tram Project Company – the developer behind the $4.2-billion The Grand Ho Tram Strip integrated resort and casino in the southern province of Ba Ria-Vung Tau, is jumpstarting the construction of the resort’s second hotel tower and additional amenities.

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Canada developer pledges another $75 million for resort project in Vietnam

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Báo Thanh Niên English 1 month(s) ago

Canada-incorporated Asian Coast Development Ltd. has pledged another US$75 million for a 400-acre resort and casino complex near the southern beach town of Vung Tau.

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Thailand's Central Group to slow down Vietnam acquisitions after Big C deal: report

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Báo Thanh Niên English 1 month(s) ago 1 related news

Thailand's Central Group to slow down Vietnam acquisitions after Big C deal: report

After aggressively expanding its business in Vietnam in the past two years, mainly through acquisition deals, Thai retail giant Central Group now plans to ease the buying spree to focus on generating profits over the next three years.

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Casinos gamble on liberalising decree

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

Casinos gamble on liberalising decree

Seven years after its first proposal, Vietnam’s government decree on the casino business has yet to be approved despite undergoing many revisions.

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Big C Vietnam's new Thai owner unveils aggressive expansion strategy

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Báo Thanh Niên English 1 month(s) ago 1 related news

Big C Vietnam's new Thai owner unveils aggressive expansion strategy

A Big C outlet in Vietnam. Photo credit: Zing

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GDT launches transfer pricing probe into Big C

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Báo Đầu Tư English 1 month(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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Ho Tram launches Hanoi office amid bullish outlook

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Báo Đầu Tư English 1 month(s) ago

Ho Tram launches Hanoi office amid bullish outlook

Ho Tram Project Company, the developer of the $4.2 billion The Grand integrated resort, residences, and casino complex in the southern province of Ba Ria-Vung Tau, last week opened its Hanoi office, expanding the company’s reach into the northern region. US billionaire Philip Falcone, principal of Harbinger Capital – the Grand’s majority shareholder, told VIR’s Hoang Mai that he was bullish about The Grand development and was planning for further investments to make it a world class entertainment destination.

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Thailand's Central sells stake in Big C to finance Vietnam deal: sources

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Báo Thanh Niên English 1 month(s) ago 1 related news

Thailand's Central sells stake in Big C to finance Vietnam deal: sources

Thailand's Central Group has sold out of domestic retail firm Big C Supercenter Pcl, accepting a tender offer from rival TCC Group in a deal that will help Central fund its purchase of a Vietnamese supermarket chain, people with knowledge of the matter said.

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Central Group adds link to retail chain

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Báo Đầu Tư English 1 month(s) ago

Central Group adds link to retail chain

With the recent purchase of supermarket chain Big C and the alleged purchase of online retailer Zalora’s Vietnamese operations, Thai company Central Group has snatched up the lion’s share of Vietnam’s retail channels.

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NagaCorp rolled into gaming futures product

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VietStock FI English 1 month(s) ago

Nagacorp Ltd, the operator of NagaWorld casino in Cambodia, will be included in the world’s first gaming index futures product, Hong Kong Exchanges and Clearing Ltd announced this week.

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Big C Vietnam scrutinized for suspected transfer pricing: taxman

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Báo Tuổi Trẻ English 1 month(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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