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Update news Coca Cola
Economists, applauding the decision to impose fines and force Coca Cola to pay tax arrears, totaling VND821 billion, said it is necessary to deal with foreign invested enterprises that evade tax and conduct transfer pricing.
The Ha Noi Department of Culture and Sports on Monday fined a company for hanging an advertisement sign with unclear content.
Coca-Cola Vietnam claims the Ministry of Financial's proposal to isolate non-alcoholic beverages and soft drinks for taxation goes against international best practices.
VietNamNet Bridge - 2015 was believed to be the year which witnessed a boom of technology startups in the finance sector, or Fintech.
Over 50 percent of primary school teachers of English, 63.29 percent of secondary school and 73.88 percent of high school teachers cannot meet standards as required by the Ministry of Education and Training (MOET).
Suntory Pepsico Vietnam has not given any official answer to the question about the quality of Oo Long tea allegedly made of materials from China. The Food Safety Department stated that the company will have to give an explanation this week.
VietNamNet Bridge - In February 1994, Coca Cola began doing business in Vietnam after the US lifted the trade embargo against Vietnam, with initial investment capital of $163 million. Since then, the soft drink manufacturer has never made a profit.
VietNamNet Bridge – World beverage giant Coca Cola is expecting to receive support from the Ministry of Industry and Trade to develop the non-alcoholic drink manufacturing industry in Viet Nam.
Coca Cola and Pepsi are dominating the fizzy soft drink market, while Tan Hiep Phat controls the still drink market, thus creating a balance in the playing field.
Irial Finan, Vice President of Coca Cola global, affirmed that Coca Cola Vietnam is not guilty of the charges on illegal transfer pricing.
VietNamNet Bridge – Turning up in the Vietnamese market as a partner in the joint ventures with Vietnamese partners, Coca Cola has given Vietnamese partners, one after another--a boot, to become the only owner in the enterprises.
A General Department of Taxation's official confirmed that it is no such thing as the tax authorities are powerless and they would conduct tax inspection at these companies.