Range of sectors to feel impact of new transactions

Range of sectors to feel impact of new transactions

Since the Law on Competition 2018 took effect two years ago, the Ministry of Industry and Trade has received 125 dossiers about economic concentration notifications, compared to the average 4-5 of these notifications annually from 2013 to 2017, according to the latest report by the Vietnam Competition and Consumer Authority.
Lists of compulsory non-cash transactions announced

Lists of compulsory non-cash transactions announced

Authorities have announced a list of transactions that will have to be made via banks in some areas in a move to boost non-cash payments.
ATM fees sting the pocket

ATM fees sting the pocket

Financial industry players are pondering the impact of Vietnamese banks’ recent move to charge fees on ATM transactions.
Adidas may have put foot in it

Adidas may have put foot in it

Adidas, the world’s second biggest sporting goods maker, is facing scrutiny from local tax authorities on suspicion of transfer pricing violations.
Ten things to do for boards and firms

Ten things to do for boards and firms

Bernard Wang Toon Kim, Audit Partner of KPMG in Vietnam, shares his thoughts on what are the 10 agenda that members of boards and those charged with governance should consider for 2013 to address investors’ concerns on how well management is dealing with customers, suppliers, lenders, debt collection, and what management is doing to restore trust and confidence, sustain the company and prepare the business to ride out the storm.
Shining a light on related party disclosures

Shining a light on related party disclosures

KPMG Vietnam audit partner Tran Hang Thu writes that it is time to cut through the complexity of related party disclosures.
HSBC apologizes for anti-money-laundering failures

HSBC apologizes for anti-money-laundering failures

HSBC apologized Tuesday for failing to apply anti-laundering rules and one senior executive resigned, as lawmakers accused the global bank of giving Iran, terrorists and drug dealers access to the US financial system.
Landmark law to tackle money laundering

Landmark law to tackle money laundering

Vietnam has been cited for a number of years as being a destination for international money launderers. Now, a landmark local law is expected to have a noteworthy impact on cleaning up the dirty money problem. Tony Nguyen and Nguyen Nu Thuy Linh, attorneys at EPLegal take a closer look at the law’s potential benefits and shortcomings.
Transfer pricing a serious issue

Transfer pricing a serious issue

Transfer pricing is one of the key issues in tax authorities’ audit and companies’ tax governance and business decision-making in related party deals.
Taking sense amid gold frenzy

Taking sense amid gold frenzy

Ho Quoc Tuan, a doctoral candidate at the United Kingdom’s Manchester University, examines the best way to restore order to the local bullion market and create a balance between domestic and world market gold prices.
Coffee sector seeks the right brew

Coffee sector seeks the right brew

Starting from March 10, 2011 the Buon Ma Thuot Coffee Exchange Centre (BCEC) will reportedly experiment with Robusta coffee futures transactions. VIR spoke with BCEC deputy director Vo Thanh Chau about preparations for the new service.