Deputy minister of Finance Do Hoang Anh Tuan asked HCM City to reduce the number of foreign direct investment (FDI) enterprises declaring losses from 48 to 40 percent this year. Tuan made the statement at a conference reviewing last year’s taxation held in HCM City on January 3. Nguyen Trong Hanh, deputy director of the [...]
As reported by the Vietnamese Ministry of Planning and Investment (MoPI), so far, Vietnam has had 627 investment projects in foreign countries with a total registered investment capital of $10.8 billion in 55 countries and territories worldwide, mainly in Laos, Cambodia and Venezuela. In 2011, the country invested in 75 projects in 26 countries and [...]
Mekong delta provinces have attracted an additional US$126 million in foreign direct investment (FDI), bringing the total FDI capital poured into the region to nearly US$10 billion. The Foreign Investment Agency under the Ministry of Planning and Investment said there are 611 operating FDI projects in the region. Long An province takes the lead with [...]
Curbing the transfer pricing and loss-making activities of businesses is the highest-priority task of the inspectorate sector this year, Deputy Minister of Finance Do Hoang Anh Tuan told Tuoi Tre. Tuan said the Ministry of Finance has ordered the General Tax Department to submit reports on the tricks of transfer pricing, as well as a [...]
Southern Binh Duong province will continue to complete infrastructure, including roads, electricity and water supplies, with the aim of attracting US$ 1 billion foreign investment in 2012. Huynh Van Trai, Director of the provincial Department of Planning and Investment, said that in 2011 the province’s foreign direct investment hit nearly US$ 1 billion, including 76 [...]
Vietnamese enterprises disbursed some US$950 million of overseas investment out of the total registered capital of US$2.12 billion in 2011, according to the Ministry of Planning and Investment. Vietnam National Oil and Gas Group (PetroVietnam) takes the leading position with US$347 million of investment capital transferred abroad, followed by the military-run mobile service operator Viettel [...]
Nearly 13,670 valid foreign direct investment (FDI) projects have operated in Vietnam by mid December with a total registered capital of $198 billion. This was announced by Deputy Minister of Planning and Investment Nguyen The Phuong on December 30 at the Ministry’s press conference reviewing the FDI situation in 2011 and making forecasts for 2012. [...]
As of December 30, Vietnam has 627 investment projects in 55 countries and territories with a total registered capital of US$10.8 billion, according to the Ministry of Planning and Investment. Vietnam has the highest number of investment projects in Laos with a total capital of US$3.4 billion, followed by Cambodia (US$2.1 billion), Venezuela (US$1.8 billion), [...]
Vietnam was one of the leading destinations for Japanese businesses in 2011, which provided total investment capital of US$1.84 billion this year, according to the Japan External Trade Organization (JETRO). Japan’s 208 projects operated in Vietnam during the year, an increase of 82 percent against 2010, in which production and processing projects accounted for 54 [...]
Industrial zones (IZs) in Phu Yen province attracted six new projects in 2011, bringing the total number of projects to 78 with a combined registered capital of US$130 million. The new investments included major projects such as the Hoa Tam and Vung Ro Oil Refinery projects. Truong Phuoc Cuong, head of the IZ managing board [...]
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