“These first results in the fight against transfer pricing in foreign-invested enterprises (FIEs) are a real highlight for tax authorities ” Tax authorities appear to be winning the fight against transfer pricing. A new General Department of Taxation (GDT) report shows the country’s tax authorities investigated 585 enterprises suspected of transfer pricing in the first [...]
Prime Minister Nguyen Tan Dung last week gave the thumbs down to a proposed $4.5 billion casino resort project in Ninh Thuan province. A year of deliberations ended with Dung snubbing Hong Kong-based Polo Beach International Limited. In an announcement last week, the Government Office stated the prime minister had agreed to “stop considering approval [...]
The national Index of Industrial Production (IIP) rose by 5.2 per cent in October, helping boost the Index for the first 10 months by 7 per cent over the same period last year, the General Statistics Office (GSO) has reported. Vu Quang Ha, a statistician at the GSO, blamed the slow growth on domestic financial [...]
Changes are brewing in the coffee industry after a government call for a cap on coffee exports but not all industry players can see the perks. Though a draft decree on coffee exports is still awaiting the government’s go-ahead, top executives at the ministries of Agriculture and Rural Development and Industry and Trade as well [...]
Business restructuring is imperative to keeping state liner Vinalines afloat. Ministry of Transport (MoT) figures show that Vietnam’s largest shipping and port operator Vinalines would catch losses of VND692 billion ($33.4 million), while losses at its member firms would reach VND930 billion ($44.9 million) in 2010 based on full financial accounts. The state corporation incurred [...]
Manufacturing and consumption slowdowns have shown economic instability is biting hard in Vietnam. A General Statistics Office (GSO) report shows industrial production value rose 7 per cent on-year to the end of October 2011, down from 9.7 per cent in June, 8.8 per cent in August and 7.8 per cent in September. “We have seen [...]
Vietnam’s latest foreign direct investment inflows figures are a ray of sunshine in an otherwise gloomy economic horizon. According to a report from the Ministry of Planning and Investment’s (MPI) Foreign Investment Agency (FIA), some $1.1 billion in net foreign direct investment (FDI) flowed into Vietnam in October, raising total net capital since January to [...]
The 13th adjustment in October of the dong/dollar exchange rate made by the State Bank of Vietnam has made the dong lose 0.73 percent of its value since the beginning of October. On October 27, 2011, the State Bank of Vietnam once again adjusted the dong/dollar exchange rate, with which, the dollar price has increased [...]
This means idle capital sources tend to be preserved instead of being invested into new production and business. Vietnam should bank on lower foreign direct investment next year on the back of an ailing world economy. Minister of Planning and Investment (MPI) Bui Quang Vinh said the worldwide economic situation was expected to be tougher [...]
While the Ministry of Planning and Investment (MPI) keeps optimistic about the national economy by citing the high index of industrial production IIP, the Ministry of Industry and Trade (MOIT) believes that the industrial production has decreased and that a lot of businesses have to stop their operation. At the MPI’s meeting held on October [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
Gold price Silver prices