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Top 10 largest FDI projects in 2017: Thermoelectric projects flashed with US$7.4 billion

Top 10 largest FDI projects in 2017: Thermoelectric projects flashed with US$7.4 billion

Thermoelectric sector scored a successful year in attracting foreign investment with billion - dollar projects in the top 10 largest FDI projects in 2017.

MoF is strong-willed to increase the excise tax on various kinds of items

Ministry of Finance (MoF) is still determined upon its proposal to raise excise taxes on some items such as soft drinks, tobacco despite many objections raised by the ministries.

Time to rethink urban planning in Vietnam

Behind the initial excitement about the first metro line construction in Hanoi and Ho Chi Minh City (HCMC), some issues still need considering.

The Deputy Prime Minister urges to finalize the legal framework for managing virtual currencies

Deputy Prime Minister Vuong Dinh Hue has urged the Ministry of Justice to chair and coordinate with the State Bank to urgently research and finalize the legal framework for managing virtual currencies in Vietnam and report to the Prime Minister by January 30, 2018.

Vietnamese BMW importer accused of transfering illegal profits abroad

Euro Auto Joint Stock Company (Euro Auto), the authorized importer and distributor of BMW, has falsified the records for tax avoidance, constituted behavior associated with the smuggling and transferred all illegal profits abroad, according to General Department of Vietnam Customs (Vietnam Customs).

Tax cuts to boost a wave of Korea’s investment into Vietnam

The reduction of duty on many items imported from Korea will facilitate Korea’s investment in Vietnam, according to Korea Trade-Investment Promotion Agency (KOTRA).

Khaisilk’s commercial infringements subject to strict punishments

Deputy Prime Minister Truong Hoa Binh has assigned the Ministry of Public Security, the Ministry of Industry and Trade, the Ministry of Finance and other relevant agencies to strictly handle the commercial infringements caused by Khai Duc Ltd., Co. (Khaisilk) in accordance with the law.

Trial of Dinh La Thang and 21 other defendants commences

The Hanoi People’s Court today opened the first instance hearing of the trial of Dinh La Thang and 21 other defendants accused of serious economic crimes at PetroVietnam Construction Corporation (PVC).

MoF proposed to delay plan of value added tax increase up to 12 per cent

Due to strong opposition against the proposal on raising value added tax (VAT), the Ministry of Finance (MoF) has recently proposed to delay the VAT increase to 11 per cent until from January 01, 2019 and to 12 per cent until January 01, 2020.

Open non-stop flight to the U.S., tourism industry is eager to launch new products

In 2018, Vietnam Airlines will have its first non-stop flight to the United States, with a starting point of either San Francisco or Los Angeles.

Ha Noi: FDI enterprises award highest Tet bonus up to over US$14,000 per employee

The highest Lunar New Year 2018 bonus (mentioned as ‘Tet 2018 bonus’ from here) in Hanoi belongs to the employees of foreign direct investment (FDI) businesses, up to US$14,333 each person.