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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.

Deputy Prime Minister asks Khanh Hoa to complete the plan for Bac Van Phong SEZ

The Office of the Government has recently concluded the working session of Deputy Prime Minister Truong Hoa Binh with the leaders of KhanhHoa province on the establishment of the Bac Van Phong special administrative-economic zone (SEZ).

Ha Noi seeks Prime Minister's approval on Vingroup and T&T Group to carry out urban railway projects

The Hanoi People's Committee has sought approval from the Prime Minister to accept two domestic investors, namely Vingroup and T&T Group to study the future construction of metro lines No. 2, No. 4 and No. 5.

MoF proposes two options on personal income tax calculation

The Ministry of Finance (MoF) has transferred the draft law on amendment of tax laws, including personal income tax (PIT), to the Ministry of Justice for evaluation before reporting to the Prime Minister for consideration and submission to the National Assembly in 2018.

The Prime Minister agrees in-principle to open casino in Laguna Lang Co resort

Prime Minister Nguyen Xuan Phuc has agreed in principle to permit Banyan Tree Holdings Limited, investor of Laguna Lang Co Resort project in Thua Thien – Hue province to increase investment capital of the project from US$875 million to US$2 billion and open a casino.

Court suspends Uber lawsuit against Tax Department

The Ho Chi Minh City People’s Court has decided to suspend Uber B.V.’s lawsuit against the Ho Chi Minh City Department of Taxation, allowing the Tax Department to resume coercive enforcement measures to collect over VND53 billion (US$2.3 million) of Uber’s unpaid taxes.

As taxes fall to zero, automakers race to offer discounts

A series of cars in the Vietnam market such as Chevrolet Vietnam, Truong Hai (THACO) and Toyota are offering discounts.

China Eximbank disburses additional US$250 million for Cat Linh - Ha Dong Railway project

The Export-Import Bank of China (China Eximbank) has recently approved an additional US$250-million loan for the Cat Linh - Ha Dong Railway project in Ha Noi.

Uber sues the HCM city Department of Taxation

The coercive enforcement measures to collect over VND53 billion (US$2.3 million) of Uber’s unpaid taxes have been halted after the HCM City Department of Taxation (Tax Department) received the court’s temporary urgent decision.

PMI rebounds to a positive end at 52.5 in December, proving business sentiment up

The Vietnamese manufacturing sector experienced a positive end to 2017, with December seeing a return to growth of output amid a solid expansion of new orders.

EVN explains the US$85 million arrears claimed by MoF for its misrepresentation

Vietnam Electricity (EVN) has been alleged to inaccurately report some of the costs and revenues, leading to the reduction of tax and interest which must be paid to the State budget.