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Several enterprises face tax arrears and risks of devaluation during IPO due to maintaining two accounting systems

Several enterprises face tax arrears and risks of devaluation during IPO due to maintaining two accounting systems

BUSINESS - May 26, 2018 | 07:06 AM GMT+7

Two accounting systems results in a lack of transparency and it is also the shortest path leading to the devaluation of firm during future mergers and acquisitions (M&A) or initial public offering (IPO).

New highway paves the way for Halong Bay boom

New highway paves the way for Halong Bay boom

NEWS - May 25, 2018 | 03:03 PM GMT+7

A faster future lies ahead for those wanting to visit Vietnam’s most famous natural destination.

Legalization of condotel being ignored due to lack of synchronized laws

Legalization of condotel being ignored due to lack of synchronized laws

NEWS - May 25, 2018 | 08:03 AM GMT+7

Proposal of concerned ministries to amend the four laws, including the Law on Real Estate Business, Land Law, Housing Law and Construction Law to legalize condotel was not considered by the National Assembly this time.

HSBC: Lack of awareness of global trade policy puts firms at risk

HSBC: Lack of awareness of global trade policy puts firms at risk

NEWS - May 25, 2018 | 07:38 AM GMT+7

According to Hongkong Shanghai Banking Corporation, a broad lack of awareness from businesses of major trade and policy initiatives puts them at risk of missing out on significant international growth opportunities.

Conflict between residents and owner of Gamuda Gardens has not come to an end

Conflict between residents and owner of Gamuda Gardens has not come to an end

REAL ESTATE - May 24, 2018 | 02:35 PM GMT+7

Despite having a meeting with Gamuda Gardens residents last weekend, the investor still faces a stiff objection in adjusting the project’s planning.

Casino service in SEZs is drafted to enjoy special consumption tax of 15 percent

Casino service in SEZs is drafted to enjoy special consumption tax of 15 percent

NEWS - May 24, 2018 | 08:01 AM GMT+7

On May 23, the draft Law on Special Administrative and Economic Zones was discussed by the National Assembly, in which the casino business service in the Units is expected to enjoy a special consumption tax incentive of 15 percent for the first ten years if approved.

Hoa Binh Group wins two construction packages worth over $120 million

Hoa Binh Group wins two construction packages worth over $120 million

BUSINESS - May 23, 2018 | 07:03 PM GMT+7

Two large sized construction packages that Hoa Binh Construction Group has just won belong to projects of Alma Resort and Lancaster Lincoln.

SHB's obscure motive for $2-billion agriculture loan remains a thorny issue

SHB's obscure motive for $2-billion agriculture loan remains a thorny issue

BUSINESS - May 23, 2018 | 11:40 AM GMT+7

The large credit spending on the agriculture companies is negatively impacting the business results of SHB, making its profits become much lower than its competitors.

Swedish-based SOWAREEN expresses desire to invest in financial center in Van Don

Swedish-based SOWAREEN expresses desire to invest in financial center in Van Don

NEWS - May 23, 2018 | 07:52 AM GMT+7

The Swedish-based SOWAREEN corporation has proposed to invest in establishing the financial and insurance center in Van Don special economic zone, Quang Ninh province.

Ba Ria - Vung Tau province approves a foreign-owned company to build airport

Ba Ria - Vung Tau province approves a foreign-owned company to build airport

BUSINESS - May 23, 2018 | 07:39 AM GMT+7

Ho Tram Project Co., Ltd. has been approved in principle to build Loc An specialized airport in the Ba Ria - Vung Tau province.

Vietnamese steel originated in China will endure severe tariff from the U.S.

Vietnamese steel originated in China will endure severe tariff from the U.S.

NEWS - May 22, 2018 | 09:53 PM GMT+7

Corrosion-resistant steel and certain cold-rolled steel flat products delivered from Vietnam but originated in China are subjected to import duties up to 200 percent due to evading the U.S. anti-dumping and countervailing duty orders, according to conclusive decisions just declared by the U.S. Department of Commerce

Vietnam NA will continue to discuss the draft Law on Special Administrative and Economic Units

Vietnam NA will continue to discuss the draft Law on Special Administrative and Economic Units

NEWS - May 22, 2018 | 08:27 AM GMT+7

The Law on Special Administrative and Economic Units is one of the highlighted issues put high on agenda in the fifth working session of 14th National Assembly.

Foreign funds suffer losses after acquiring shares of State-owned enterprises

Foreign funds suffer losses after acquiring shares of State-owned enterprises

BUSINESS - May 22, 2018 | 08:12 AM GMT+7

Many state-owned enterprises’ shares, which were listed on bourse, have fallen sharply after these enterprises had conducted their IPOs successfully.

Employees concern about potential removal of wage scales and payroll may worsen their benefit

Employees concern about potential removal of wage scales and payroll may worsen their benefit

NEWS - May 21, 2018 | 07:18 PM GMT+7

Several workers at industrial zones in the Red River Delta are exposing concerns that a possible removal or reduction of the wage scales and payroll can directly influence to workers benefits, creating an easy opportunity for employers to harness the employment's salary reform.

Lotte declined to sell its entire business in Vietnam despite $35 million of accumulated losses

Lotte declined to sell its entire business in Vietnam despite $35 million of accumulated losses

BUSINESS - May 20, 2018 | 01:44 PM GMT+7

The mammoth Korean retail group, Lotte has no plan to leave Vietnam despite its current inefficient operation as the group targets to start making profit by 2020.

Concept of Luxury to create a 'new identity' for resorts and condotels

Concept of Luxury to create a 'new identity' for resorts and condotels

REAL ESTATE - May 20, 2018 | 06:51 AM GMT+7

The new concept of Luxury, creating and embracing additional values is considered as identity to make the local hospitality sector more attractive and adapted to ever-changeable demands.

Story of made-in-Vietnam Nike shoes and Vietnam's position in global value chain

Story of made-in-Vietnam Nike shoes and Vietnam's position in global value chain

LEADER TALK - May 20, 2018 | 06:18 AM GMT+7

A pair of Nike shoes are priced at more than $100, even $300, but the Vietnamese share is less than $10.

Giant wine foreign company Diageo trapped between lines in unprofitable deal named Halico

Giant wine foreign company Diageo trapped between lines in unprofitable deal named Halico

BUSINESS - May 19, 2018 | 05:56 PM GMT+7

The UK’s Diageo wanted to enter Vietnam alcohol market through a well-know domestic company but a lot of things have not gone as its plan.

Land price hike over 100 times leads to controversial decision on land transaction suspension in SEZs

Land price hike over 100 times leads to controversial decision on land transaction suspension in SEZs

NEWS - May 19, 2018 | 08:06 AM GMT+7

Local authorities are enforcing orders to temporarily cease the transfer, conversion of land use purpose and modification of land ownership after a dramatic increase in land prices in the future special economic zones (SEZs) such as Van Don, Phu Quoc and Northern Van Phong.

Grab - Uber deal is on the verge of facing an offical probe due to breach of antitrust law in Vietnam

Grab - Uber deal is on the verge of facing an offical probe due to breach of antitrust law in Vietnam

BUSINESS - May 18, 2018 | 06:21 AM GMT+7

The Competition and Consumer Protection Department (CCPD) under the Ministry of Industry and Trade considers launching a formal investigation into the acquisition of Uber in Southeast Asia including Vietnam by Grab, after announcing the preliminary results are presenting the sign of breaching antitrust law on May 16.

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