telecom giants fight over sales rights

Telecom giants fight over sales rights

FPT Trading, Vietnam’s largest wholesaler of information technology devices, may no longer distribute its products through its competitor OPPO Vietnam’s sales agents.
all roads lead to lai chau

All roads lead to Lai Chau

Vietnamese government is actively promoting investment, particularly from foreign businesses, into the northern mountainous provinces, with Lai Chau as the newest host.
confusion over regulation results in reimbursements

Confusion over regulation results in reimbursements

The Ministry of Finance is likely to reimburse the tax arrears collected from numerous firms on income generated by additional investment during the period of 2009-2013.
gdt executes u turn on loss carryforward

GDT executes U-turn on loss carryforward

Enterprises with many subsidiaries from now on may be free to apply loss carryforward to any income streams that benefits them most in terms of taxes saved, according to a recent decision from the General Department of Taxation.
generali vietnam life appoints tina nguyen as ceo

Generali Vietnam Life appoints Tina Nguyen as CEO

Generali Vietnam Life Insurance Co., Ltd on April 13 announced the appointment of Nguyen Thi Hong Thanh, Tina Nguyen as its new CEO.
new tax law stymies business

New tax law stymies business

Though a new excise tax calculation method has been legislated, it seems impossible for some businesses subject to the tax to declare tax liability compliant with the new  requirements.
mof restricts reinsurance

MoF restricts reinsurance

Many foreign insurers operating in Vietnam may no longer be able to transfer all reinsurance premiums overseas, following a decree to restrict these transfers.
vinatabas monopoly aspirations go up in smoke

Vinataba’s monopoly aspirations go up in smoke

The Vietnamese government last week stubbed out cigarette monopoly producer Vinataba’s self-serving ambitions to rid the local market of popular brands from Indonesia’s Sumatra Tobacco.
scandal leaves multinational companies facing boycott

Scandal leaves multinational companies facing boycott

A range of goods from various multinational companies sold in Vietnam are being boycotted by consumers due to the bad reputation of their brand ambassador.
highway contractors dispute liability for hefty tax bill

Highway contractors dispute liability for hefty tax bill

Highway contractors in Vietnam are on high alert following the tax authorities’ issuance of a spate of tax arrears bills in royalty payments and environmental protection fees.
foreign experts to enjoy tax exemption

Foreign experts to enjoy tax exemption

Foreign experts working on aid projects for foreign non-governmental organisations and Vietnamese nationals employed full-time by UN organisations will soon be exempted from personal income tax.
keangnam faces fresh controversy over unpaid taxes

Keangnam faces fresh controversy over unpaid taxes

South Korean developer Keangnam Enterprise Ltd. is facing difficulties in Vietnam due to a series of tax issues arising from its key construction projects in the country.
mixed forecast for stock market in 2016

Mixed forecast for stock market in 2016

Considering the effect of the rollercoaster year that was, including the crash of China’s stock market and the Federal Reserve’s interest rate hike, Truc Doan, head of research at Viet Dragon Securities Company, talked to VIR’s Thanh Xuan about Vietnam’s market prospects in 2016.

Philip Morris tax case still clouded in uncertainty

The five-year dispute between Philip Morris Vietnam S.A and Vietnamese tax authorities over a $4.8 million tax arrears obligation is boiling up, with the tobacco giant taking legal action against Vietnam’s tax agency.
car producers request stalled

Car producers’ request stalled

The Ministry of Finance has rejected a series of financial incentives requested by Vietnam-based foreign automobile producers, as the proposal clashes with the country’s World Trade Organization commitments.