VietNamNet Bridge - Metro Cash & Carry Vietnam, the German invested retailer, which repeatedly reported losses over the last 12 years in Vietnam, has engaged in transfer pricing to evade tax, according to the General Department of Taxation (GDT).

VietNamNet Bridge – Powerful foreign businesses are encountering obstacles in their attempts to acquire Vietnamese retailers.

The HCMC Department of Planning and Investment has not received a proposal from Metro Cash & Carry Vietnam for transferring its wholesale chain in the country to Thailand’s Berli Jucker Public Co. Ltd. though the news about this broke last August.

 VietNamNet Bridge – Thai billionaire Charoen Sirivadhanabhakdi, the biggest shareholder of Berli Jucker Group, may not be able to buy Metro Cash & Carry Vietnam as planned because the group’s shareholders have opposed the deal.

VietNamNet Bridge – The national taxation agency plans to conduct inspections of foreign-invested firms that have declared continuous losses, including Metro Vietnam.

 VietNamNet Bridge – Though revenue has increased by 24 times over the last 12 years and its network expanded to many areas, Metro Cash & Carry has not paid any corporate income tax since the day it entered Vietnam in 2002.

Given that it suffered damages of over VND8 billion ($400,000) by Metro Cash&Carry’s unilateral termination of its contract, Nhat Thong, a printing company, has filed a lawsuit against the German group in a District 2 court in HCM City.

 VietNamNet Bridge – Analysts have warned that once the Metro supermarket falls into the hands of Thai owners, Vietnamese products will be replaced by Thai products.

VietNamNet Bridge - Metro Group (Germany) has signed an agreement with Berli Jucker Corporation (BJC) of Thailand to transfer its wholesale business in Vietnam. 

 VietNamNet Bridge – Metro Cash&Carry has reached an agreement to sell Metro Vietnam to Thailand’s Berli Jucker Group, according to the Wall Street Journal.