Legal Advice: What constitutes criminal tax evasion in Vietnam?

VietNamNet Bridge - Tax obligations often significantly burden businesses operating in Vietnam. To maximize profit, companies often seek out ways to avoid mandatory tax payments.

Hanoi hosts ASEAN Pride music fest

 VietNamNet Bridge – The Embassy of America in Vietnam and CAMA Vietnam will host the second annual music festival ASEAN Pride - Celebrating Diversity from 1 p.m. on May 24 at the American Club in Hanoi.

Trial of former ACB bank official to reopen

 VietNamNet Bridge – The Hanoi People’s Court will reopen the trial of Nguyen Duc Kien, former vice chairman of the founding council of the Asia Commercial Bank (ACB) on May 20, after it was postponed

BUSINESS IN BRIEF 12/5

 Rice exports projected to reach 1.8m tonnes in Q2; Sugar industry tackles rising stockpiles; PM ratifies market development project; Vietnam requires dairy firms to set annual price caps; Vietnam opening the field for foreign firms

Customs changes cause confusion

 VietNamNet Bridge – The introduction of a new automated customs system in select localities early this month has created problems for both officials and import-export firms, local reports say.

Voices against China's wrong acts

 High-profile foreign media outlets have sided with Vietnam after hearing China’s controversial explanations about its recent placement of an oil rig in the East Sea.

Chinese ships attack Vietnamese fishing boats again

 A fishing boat from the central province of Quang Ngai was chased and attacked by Chinese ships on May 7 when it was operating in the regular fishing ground in Hoang Sa (Paracel) archipelago, and suffered from damage to its sides and cabin.

US Senators rebuke China’s East Sea actions

 Six US senators have issued a joint statement criticizing China’s stationing of its oil rig HD-981 in the disputed waters and attacks on Vietnamese ships, describing its actions as ‘troubling’ in the region.

ASEAN Summit overshadowed by East Sea tensions

 Tensions in the East Sea following China’s deployment of its Giant drilling rig HD-981 and escort vessels, including military ships, in the area is casting a shadow over the ASEAN leaders’ summit taking place in Myanmar.

Chinese ships ramming Vietnamese ships in pictures

 The Vietnam Coast Guard (VCG) has released a number of photos, refuting China’s accusations of Vietnamese ships attacking its vessels in the East Sea. 

Hanoi, Da Nang, HCM City march against China’s illegal actions

Thousands of people in the three largest cities of Vietnam took the streets on May 11, protesting against China’s illegal installation of its drilling rig HD-981 and deployment of escort vessels and aircraft in Vietnam’s territorial waters.

Creative youth ignore downturn blues

 VietNamNet Bridge – Despite the global economic slowdown, many young entrepreneurs have remained adventurous and found ways to excel, particularly in creating their own products for domestic and export markets.

21,500 businesses shut down in Jan-Apr

VietNamNet Bridge – The number of enterprises that shut down in the January-April period was nearly 21,500, up 9.4% year-on-year.

Viewers choose TV shows over concerts

 VietNamNet Bridge – More and more people are preferring to watch music shows on TV rather than go to live concerts by buying expensive tickets.

S’pore tourism expertise sought to develop Phu Quoc

 VietNamNet Bridge – Minister of Planning and Investment Bui Quang Vinh has called for Singapore to assist Vietnam to zone and develop Phu Quoc Island off mainland Kien Giang Province into a high-end tourism and technology center in Southeast Asia.

Banks try to hang off, not to list shares on the bourse

 VietNamNet Bridge – The 26 unlisted commercial banks have been delaying their plans to list shares on the bourse, though they have been pressured to do this as soon as possible.

Bond yield plunges ceaselessly on capital excess

 VietNamNet Bridge – Interest rates of government bonds issued by the State Treasury have dropped to new lows recently, forcing institutional investors to reduce their purchase volumes.

Quyet refuses contract with Japanese Matsumoto

VietNamNet Bridge – National midfielder Nguyen Van Quyet has refused to sign a contract with J.League 2 club Matsumoto.

Actress takes on role of courageous woman

 VietNamNet Bridge – Nearly eight years after starring in the film Ao Lua Ha Dong (The White Silk Dress), which established her reputation as a talented actress in the Vietnamese film industry, Truong Ngoc Anh has returned to the silver screen

Large families worsen poverty in rural areas

 VietNamNet Bridge – Most ethnic families in the northern mountain province of Bac Kan still prefer to raise many children, even though local authorities say this is negatively affecting family finances and creating employment,

Vietnam remains key market for Nokia after it pertains to Microsoft

 VietNamNet Bridge – Vietnamese have been faithful to Nokia products, which might be the reason why a Nokia representative affirmed that Vietnam remains one of Nokia’s 10 most important markets in the world.

The private museum in Hanoi’s ancient pottery village

 VietNamNet Bridge - Located at the end of Bat Trang pottery village in Gia Lam District, Hanoi, the Van Van House, with a roof covered with creepers, has more than 400 pottery items from the 15th to the 19th centuries.

Credit growth offers positive signal

 VietNamNet Bridge – Difficulties remain, yet there is reason for optimism, Nguyen Duc Kien, Vice Chairman of the National Assembly's Economics Committee, told Thoi bao Kinh te Viet Nam (Vietnam Economics Times).

Man revives passion for ancient royal dance

 VietNamNet Bridge – Ngo Trong Phan has successfully restored Bat dat, an ancient royal dance that has not been performed for more than 80 years.

Da Nang’s $95.2 million administrative center near completion

The 37-story administrative tower of Da Nang is designed like a lighthouse overlooking the sea. Da Nang's tallest building, with a total cost of $95.3 million, will be the headquarters of all government agencies in the city.