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Thorny issue for tax authority remains after Uber left Vietnam

Thorny issue for tax authority remains after Uber left Vietnam

At the recent semi-annual meeting of the taxation sector, Tran Ngoc Tam, Head of the Taxation Department of Ho Chi Minh City admitted that they are coping with difficulties in Uber's tax collection as the company had sold all of its business operation in Vietnam to Grab.

Reducing trade costs can improve Vietnam's competitiveness in the ASEAN region

While Vietnam has made great progress in reducing tariffs, there remains significant potential to reduce trade costs through rationalization of non-tariff measures or specialized controls, more efficient border management and logistics.

Sales from locally assembled cars surpassed imported ones in May

According to Vietnam Automobile Manufacturers' Association, sales of complete knocked-down cars was 19,467 units, accounting for nearly 85 per cent of the total market in last month.

VTV offers record prices for ad slots at World Cup football matches

Vietnam Television has just offered the record prices for advertising blocs at broadcasting football matches of World Cup, a move aimed at compensating for the so high amount paid for copyright.

Decision to suspend draft law on SEZs turns out to be a praiseworthy move

According to Dr. Nguyen Duc Thanh, the current draft law on Special Administrative-Economic Units has failed to do the single most important thing which is to create breakthroughs in the business environment and administrative institutions.

VACD launched its southern representative office

After 11 years of establishment, Vietnam Association of Corporate Directors (VACD) has officially appeared in all three main regions.

Giant conglomerate Vingroup helped VTV successfully own 2018 FIFA World Cup's copyright

Vingroup has stepped up to support VTV with $5 million, supposedly half of what VTV paid for the copyrights of the World Cup 2018, as a result, VTV has received the approval of FIFA, to own the right to broadcast all 64 matches in Vietnam and closed a long delayed deal.

Draft law on SEZs still on suspension despite land lease term of 99 years guaranteed to be shortened

The recently overheated matter of a land lease term of 99 years applying at special economic zones on a trial basis has been affirmed to be shortened but the draft law on Special Administrative-Economic Units remains not to be approved in this plenary session of the National Assembly.

Vietnam's inflation forecasted to rise as food and oil prices add to upside pressure

Inflation in Vietnam has been on a gradual uptrend, reaching 3.9 per cent this May and expected to be 3.6 per cent in 2018, according to ANZ bank.

EVN achieves its first and positive credit rating from Fitch Ratings

Electricity of Vietnam (EVN) is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.

WB raises forecast for Vietnam's economic growth to 6.8 per cent

Vietnam's economy is forecasted to expand by 6.8 percent in 2018 before moderating to 6.6 percent in 2019 as capacity constraints become more binding, according to World Bank.

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