The Ministry of Construction (MoC) in co-operation with city and provincial authorities will inspect all real estate trading floors to make sure trading and brokerage operations are in good order, Pham Gia Yen, chief ministry inspector, has said. Deputy Minister of Construction Nguyen Tran Nam said drastic action was necessary because of a recent series [...]
The HCM City People’s Committee has revoked its approval of a plan to import 10,000 tonnes of solid waste meant for testing waste management facilities belonging to a private firm. The solid waste treatment plant in question is located in the city’s Binh Chanh District. In an official dispatch sent on Thursday, the city administration [...]
The HCM City Tax Department said its efforts to crack down on transfer price abuse by foreign-invested firms have proved successful, with tax revenues in the first seven months increasing by 22 per cent. It joined battle two years ago with foreign-invested firms that under-reported profits or claimed losses by manipulating transfer pricing and they [...]
Foreign investment in the property sector this year has been the lowest in the last five years, with analysts attributing it to the lingering impact of the economic meltdown. FDI in the first half was US$5.66 billion, or just over than half the amount pledged in the same period last year. Of which, investment in [...]
Exports to Japan have surged after the recent disasters but businesses are finding it difficult to enter the market. Cao Tien Vi, chairman of the Sai Gon Paper Corporation, said quality was always a priority for the Japanese. They were willing to negotiate on prices but never on quality. Vi said Japanese importers would refuse [...]
The Ministry of Industry and Trade has ordered border provinces to report on any difficulties that food wholesalers have had in purchasing agricultural produce, following reports that Chinese traders are buying up substantial quantities of meat, seafood, eggs and other products. However, it was difficult to confirm the rumours since no official statistics were yet [...]
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