Nissan car plant shifts into gear

A shelved foreign-invested project to build luxury sedans in Danang is finally getting rolling.

State backtracks on IZ company tax rates

The government’s decision to reinstate lower corporate income tax rates for developers and enterprises operating in industrial and export processing zones has been welcomed with a great sense of relief.

Tax refunds made simple for firms

Companies will learn the outcome of their tax refund applications in 15 days under new tax department regulations issued last week.

EU retailers back local bike firms in dumping spat

European motorbike and bicycle retailers have come out in support of Vietnamese manufacturers accused of dumping bicycles on EU markets

Giant SOE share offer on the cards

Four equitised SOEs may get the right to sell some of their remaining state-owned shares if the prime minister approves a proposal from the Ministry of Finance.The proposal, Document 4839, suggests Vinamilk, Binh Minh Plastics, Petrolimex chemical company and Petrolimex gas company be permitted to sell an undecided portion of their state-controlled shares.
local clothing exporters hit by us fraud claim

Local clothing exporters hit by US fraud claim

This year’s $1.8 billion garment and textile quota for the US market has been cut by $80 million after US customs said several Vietnamese exporters had lied about where their products were made. Last week’s decision by the Bush administration was prompted by a report from the US Customs and Border Protection (CBP) agency which found several exporters had forged customs documents, particularly certificates of origin

EU ups textile quotas

Vietnam has secured a higher quota limit on clothing products and textiles exported to the European market after successful negotiations with representatives from the European Union.
rates change shrinks state edge

Rates change shrinks State edge

INTEREST rates for preferential state loans are to be increased, bringing them closer to the rates charged for commercial loans, finance ministry officials have said.

Caught out: locals to face the music for trade fraud

Vietnam is likely to face censure for trade fraud by a number of garment and textile exporters in meetings with a US delegation this month.A recent US Customs and Border Protection (CBP) report found some textile and apparel products that entered the US from Vietnam in 2002 and 2003 were not Vietnamese in origin, but were shipped through Vietnam after being produced elsewhere.

Resolution on the cards for long-running tax brawl

A dispute between the developer of the Saigon South urban area and Ho Chi Minh City officials over an alleged unpaid tax bill of $30 million could end soon after a directive from Prime Minister Phan Van Khai.

Tax increases fuel car, beer price hikes

Tax increases effective from January 1 have resulted in a price rise for automobiles and beer that may affect sales.According to an industry source, the price of automobiles and canned beer has increased by more than 20 per cent and 10 per cent respectively as a result of amendments to special consumption tax (SCT) and value-added tax (VAT).

Quota shortage threatens to unravel US textile deals

A SHORTAGE of allocated quotas may prevent garment and textile exporters from making big deals with US partners and reaching their maximum production capacity.

Local companies cry foul over VAT

Vietnamese companies have expressed rage over the draft guidelines on the value added tax (VAT) on services and commodities for export.

Power price bids to spark competition

State-owned Electricity of Vietnam (EVN) is to introduce a competitive pricing mechanism to stimulate competition in the electricity supply industry.
high powered investors back local market

High-powered investors back local market

Vietnam has been called a “crucial investment destination for Japanese investors” by the leader of high-profile business delegation to Hanoi.