fies resist mof demands for more transfer pricing data

FIEs resist MoF demands for more transfer pricing data

Multinational companies are refusing to divulge what they deem corporate secrets in response to the local authorities’ requirement that foreign-invested enterprises provide more information on related-party transactions in order to combat transfer pricing and tax avoidance.
reasons behind major ipo failures

Reasons behind major IPO failures

Since the beginning of 2018, the initial public offerings (IPOs) of major businesses, for instance Vietnam Rubber Group, Power Generation Corporation 3 or Vietnam National Shipping Lines, saw flat results. What stands behind these failures and what lessons can be drawn?
france reverses car tyre sea sanctuary an environmental flop

France reverses car tyre sea sanctuary - an environmental flop

What seemed a like a crazy idea turned out to be just that: A 1980s experiment that saw 25,000 car tyres dumped into the crystal-clear waters of the Mediterranean to create a sanctuary for sea life off the French coast is being cleaned up after it was found to be polluting.
how does technology make lives faster and easier

How does technology make lives faster and easier?

Technology is becoming increasingly prevalent day by day, with people growing ever more reliant on it to do away with daily tasks. With the experience of organising the international campaign Taiwan Excellence in Vietnam for eight times, Richard R. C. Shih, representative of the Taipei Economic and Cultural Office in Vietnam, shared with Nguyen Huong what Vietnam needs to do to catch up to the trend of Industry 4.0.
what does the future hold for asean

What does the future hold for ASEAN?

‘The Future of ASEAN – Time to Act’report focuses on the disruptions facing ASEAN and how governments and corporates can act to ensure future growth through new and innovative strategies across seven sectors – automotive, financial services, consumer goods, medical devices, refined fuels, telecommunications and transportation.
australian cartoonist under fire for serena sketch

Australian cartoonist under fire for Serena sketch

An Australian cartoonist has come under withering criticism for portraying tennis superstar Serena Williams using - what Harry Potter author JK Rowling described as - "racist and sexist tropes".
abb powers industry 40 ambitions

ABB powers Industry 4.0 ambitions

As leaders from business, politics, science, and civil society convene at the World Economic Forum on ASEAN gathering to discuss what the future in the region may look like, ABB’s managing director for Southeast Asia Johan de Villiers told VIR’s Phuong Thu how the company’s position at the forefront of the Fourth Industrial Revolution, as well as how ABB’s offerings for the energy revolution can address the challenges being discussed.
private label segment on the rise among local retailers

Private label segment on the rise among local retailers

As the consumer demand increases, retailers are leveraging the private label market as a critical strategy to differentiate their brands in what is considered an inevitable sub-trend in the spread of modern retailing across the country, despite private labels thus far only occupying a small proportion of the Vietnamese retail market. Van Thu reports.
cross border ma deals cause unsolved tax issues

Cross-border M&A deals cause unsolved tax issues

As more foreign investors buy and sell Vietnam-based assets to and from each other, the tax issue is becoming more pressing for both deal participants and Vietnamese regulators. Disagreements remain over who will pay the tax and what rates they are subjected to.
nghinh ong festival in full swing in binh thuan

Nghinh Ong festival in full swing in Binh Thuan

Thousands of locals and tourism flocked to Phan Thiet city, in the south central province of Binh Thuan on September 1 to join the ‘Nghinh Ong xuat du’ ritual, a key part of the biennial Nghinh Ong (Whale Worship) festival.
tips from a veteran buyer seller and advisor

Tips from a veteran buyer, seller, and advisor

Sealing a mergers and acquisitions (M&A) deal requires more than just the efforts from the seller and the buyer. The participation of an M&A consultant gives a fair push towards the success of any M&A transaction, and this especially holds true for those in the field of real estate that often involve complicated matters. Michael Piro, chief operating officer at Indochina Capital, gave Trang Nguyen an insight into what it takes for M&A deals in real estate to thrive, from the perspective of a firm which has been both the advisor and the investor.
philips lighting is now signify global brand remains philips

Philips Lighting is now Signify, global brand remains Philips

On May 16, Philips Lighting–the world’s leader in lighting–renamed itself Signify. VIR’s Hoang Anh spoke to general director of Signify in Vietnam Antonio Espada Cid about the reasons behind the change and what it means for the company’s future business plans in the world.
cong caphe ventures to south korea

Cong Caphe ventures to South Korea

Instead of branching out to Germany or Thailand, as had been suggested by business partners, local coffee chain Cong Caphe has established a foothold in Seoul in its first foreign market foray, officially joining the South Korean coffee industry. However, what whether the venture will be successful remains to be seen.
floodlight search for survivors after deadly italy bridge collapse

Floodlight search for survivors after deadly Italy bridge collapse

Italian rescuers searched through the night Wednesday (Aug 15) for any survivors under the shattered remains of a motorway bridge in Genoa as investigators probed what could have caused such a catastrophic collapse.
masked vandals torch dozens of cars in sweden

Masked vandals torch dozens of cars in Sweden

Up to 80 cars were set on fire overnight across western Sweden by masked vandals, police said on Tuesday (Aug 14), in what they suspect was a coordinated attack weeks before a general election.
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