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Gov’t wants summer, national holiday plan prepared to boost tourism

HCMC – Deputy Prime Minister Vu Duc Dam has asked the Ministry of Labor, Invalids and Social Affairs and the Ministry of Education and...

Gov’t proposes reducing income tax by 30% for small firms

HCMC – Authorized by the prime minister, Minister of Finance Dinh Tien Dung on June 11 submitted a draft resolution to the National Assembly...

Masan subsidiary acquires H.C. Starck’s tungsten business

HCMC – Masan Tungsten Co., Ltd, a wholly-owned subsidiary of Masan Resources Corporation (MSR), announced that it has completed the purchase of Germany-based H.C....

Proposal to allow five days off for National Day holiday rejected

HCMC – Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung has given multiple reasons for rejecting a proposal to increase the number...

Bkav to launch low-cost cell phones

HANOI – Local Internet security firm Bkav on June 10 announced its plan to manufacture low-cost mobile phones priced at less than VND1 million. The...

Transfer pricing among FDI firms causes severe tax revenue loss

HCMC – Vietnam’s tax collection has suffered heavy losses in the past few years as a result of transfer pricing among foreign-invested firms operating...

VND10 trillion funding insufficient for HCMC’s transport development

HCMC – The transport authority of HCMC is annually allocated some VND10 trillion to implement traffic infrastructure projects but this amount is inadequate to...

F88 receives VND140 billion from two foreign investors

HCMC - F88, a company active in the secured consumer lending market, on June 9 announced to close its third growth investment round, raising...

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