28
10-2020
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Vietnam tax authority says 18 pct of firms to be inspected this year

Vietnam’s tax authority has announced a plan to inspect at least 18 percent of businesses around the country this year, a move that is expected to uncover violations and arrears and may bring more than VND10 trillion (US$441.32 million) to the state budget. Companies which claim massive tax refunds and those which operate in the […]
28
10-2020
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Vietnam’s pump prices go up from record low

  Gasoline retail prices in Vietnam increased for the first time this year in Vietnam following four consecutive cuts. The common fuel grade RON 92 now sells at VND14,420 (65 US cents) a liter, up nearly 5 percent, while its greener version E5, a biofuel, at VND13,890 a liter. Diesel price goes up 3 percent […]
28
10-2020
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Foreign firms lead as Vietnam posts trade surplus of $676 mln in Jan-Feb

An undated photo of a Vietnamese seafood factory. Photo: Chi Nhan Despite a slight deficit in February, Vietnam’s saw a trade surplus of US$676 million in the first two months this year, according to new customs figures from the customs. The country’s exports hit $23.68 billion, up 3 percent year on year. Foreign-invested businesses accounted […]
28
10-2020
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Vietnam central bank advised to take it slow on real estate credit cut

Apartment buildings in Ho Chi Minh City’s District 7. Photo: Thao Vi Even though the central bank’s plan to restrict real estate loans is “necessary” to ensure a safe and healthy banking system, such a move should be taken gradually to avoid shocking the property sector, officials and experts say. The State Bank of Vietnam […]
28
10-2020
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Vietnam businesses plan legal action for delayed tax refunds

Representatives of businesses at a tax office in Hanoi. Photo: Ngoc Thang   At least one company in Vietnam has said it is finishing procedures to take legal action against a local tax office, while many others have said they too will take the tax authorities to court if they fail to pay them as […]
28
10-2020
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Vietnam’s Petrolimex to sell more shares to increase capital: gov’t

 A Petrolimex gas station in Hanoi. Photo: Ngoc Thang Petrolimex, a state-controlled company that sells more than half of Vietnam’s oil products, plans to sell more shares to increase its registered capital by over 26 percent to VND13.5 trillion (US$596.84 million). The share issue has been approved by the Ministry of Industry and Trade and […]