big c bends to heavy handed authorities

Big C bends to heavy-handed authorities

Big C Vietnam, representing  its new owner Central Group, committed to finishing the payment of its outstanding tax debt (VND1.534 trillion or $70 million) by the end of this month.
domain name transfers await guidelines

Domain name transfers await guidelines

The transferors and the transferees of domain names, still have to wait for guidelines on tax payments from the Ministry of Finance.
formosa may see hefty fine in tax arrears

Formosa may see hefty fine in tax arrears

Hung Nghiep Formosa Ha Tinh Steel Co., Ltd. (HFS), the operator of the $10.5 billion steel and port complex in the central province of Ha Tinh, may have to pay VND1.555 billion ($69.6 million) in tax arrears, including refunded value added tax (VAT), deducted taxes, and late payment fees, according to newswire Vnexpress.net.
big c vietnam delays payment of vnd36 trillion tax arrears

Big C Vietnam delays payment of VND3.6 trillion tax arrears

The General Department of Taxation has requested French Casino Group and Thai Central Group to declare and pay a transfer tax worth VND3.6 trillion ($161.2 million) on the transfer of Big C Vietnam’s supermarket chain, according to newswire Tuoitre.vn.
greece to get eu bailout tranche tuesday officials

Greece to get EU bailout tranche Tuesday: Officials

European Commission chief Jean-Claude Juncker, who is on a visit to Greece told Greek President Prokopis Pavlopoulos: "The ESM payments will take place today."
16 companies enter e payment service market

16 companies enter e-payment service market

Investors can see great promise and high growth in the e-payment service market, though it now makes up only 5 percent of the total $4 billion worth of e-commerce.
samsung hooks up with citibank for samsung pay in singapore

Samsung hooks up with Citibank for Samsung Pay in Singapore

Samsung Electronics Singapore announced its partnership with Citibank Singapore Limited for Samsung Pay, the secure and easy-to-use mobile payment service that can be used to make purchases almost anywhere that credit and debit cards are accepted.
burgeoning offshore deposits no cause for alarm

Burgeoning offshore deposits no cause for alarm

The other investment account in Vietnam’s balance of payment (BOP) that was bolstered up to a whooping $7.3 billion in the third quarter last year was not something unusual or alarming. Eugenia Victorino, ANZ Banking Group’s economist for the ASEAN and Pacific region, explains the phenomenon to VIR’s Trang Nguyen.
putting lending restrictions on oda capital

Putting lending restrictions on ODA capital

Accelerating capital disbursement is vital to scoring higher economic growth. Increased investment, however, could drive up budget overspending and public debt as well as ring the bell for a possible return of inflation in the wake of less effective investment. Tran Hoang Ngan, a member of the National Assembly’s Economic Committee, highlights the need to apply a lending interest rate payment on official development assistance capital to bolster usage efficiency.
bond market issuance high in 2016

Bond market issuance high in 2016

In order to comply with the 2016 socio-economic plan and meet the state budget for development and investment, regular expenditures, and debt repayment, the raising of capital through government bond channels continues to play an important role.
mpi censures tan duc ip

MPI censures Tan Duc IP

The Ministry of Planning and Investment sent a message to the southern province of Long An last week, urging the provincial authorities to take stronger actions to reassure foreign investors following a dispute over fee payments between a Japanese firm and a local industrial park developer, which caused concerns about Vietnam’s investment climate.
tan duc sours investor relations after bullying foreign sweet firm

Tan Duc sours investor relations after bullying foreign sweet firm

The unexpected dispute over fee payments between Japanese confectionary producer Tango Candy Co., Ltd. and industrial developer Tan Duc Investment Corporation in the southern province of Long An takes yet another turn.
ip takes japanese enterprise to court

IP takes Japanese enterprise to court

Tan Duc Industrial Park will sue Japanese confectionery producer Tango Candy Co. Ltd. for delayed infrastructure fee payments, according to newswire vnexpress.
japanese enterprise poised to lose thousands of dollars over fee dispute

Japanese enterprise poised to lose thousands of dollars over fee dispute

Japanese confectionary producer Tango Candy Co., Ltd. is looking back on a hard week. Stagnating manufacturing in the company’s factory in Tan Duc industrial park (IP) in the southern province of Long An due to a conflict on fee payments is making the company lose $15,000 per day.
visa expands electronic payments into mai linh taxis

Visa expands electronic payments into Mai Linh taxis

Visa cards are now accepted in Mai Linh taxis in Hanoi, Thai Nguyen, Bac Ninh and some central districts in Ho Chi Minh City, providing commuters with a faster and more convenient way to pay for their taxi rides.