tax incentives

Update news tax incentives

Unilever Vietnam asked to pay tax arrears

VietNamNet Bridge - The decision by the government's taxation body to force Unilever Vietnam to pay tax arrears without imposing a fine has raised controversy.

Vietnam helps Samsung save billions of dollars in taxes

VietNamNet Bridge - Two subsidiaries of Samsung Electronics in Vietnam earned huge profits of VND70 trillion in 2015, but did not have to pay VND13 trillion in corporate income taxes as it enjoys tax incentives.

State gives approval for big players to dominate automobile market

VietNamNet Bridge - If new suggestions by state management agencies receive approval, the automobile market is expected to benefit bigger dealers. 

MOF proposes tax reduction to rescue SMEs

VietNamNet Bridge - The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17 percent for small and medium sized enterprises (SMEs).

‘Foreign-invested project’ doesn’t always mean ‘foreign-financed’

VietNamNet Bridge - Many foreign-invested projects in Vietnam have been operating with capital borrowed from Vietnamese banks.

Half of FIEs take losses, but still record best business performance

VCCI's Vietnam Business Annual Report 2015 shows that half of foreign invested enterprises (FIEs) take losses but have the highest ROA (return on assets), ROE (return on equity) and ROS (return on sales) indexes.

Vietnamese small auto market brings big profits to car manufacturers

VietNamNet Bridge - Automobile manufacturers complain that the Vietnamese market is too small, but they continue to make profits on the small market.

Asian conglomerates show power in Vietnam

VietNamNet Bridge - Four giant conglomerates from Thailand, South Korea and the Philippines have been expanding their investments in Vietnam, raising both joys and concerns.

Vietnam to control urban waste water to reduce pollution

VietNamNet Bridge - Vietnam plans to allocate big budgets to develop waste water drainage systems in urban areas in recent years. However, the systems’ conditions remain poor which still cause pollution because of low drainage capacity.

Fintech to see boom in Vietnam

VietNamNet Bridge - 2015 was believed to be the year which witnessed a boom of technology startups in the finance sector, or Fintech. 

Dung Quat Oil Refinery seeks help to resolve inventory excess

The inventory at the Dung Quat Oil Refinery has risen to such a level that it may go beyond the refinery’s maximum storage capacity, a source from the national oil and gas group PetroVietnam has said.

Samsung’s requests for tax incentives rejected

VietNamNet Bridge - Samsung Electronics Vietnam, the foreign investor which many economists say has been “overindulged in’ by Vietnamese state management agencies, has once again asked for tax incentives.

Unsuccessful comeback predicted for Russian cars

VietNamNet Bridge - Local newspapers have quoted sources as reporting that UAZ, a large Russian automobile manufacturer, will begin assembling cars in Vietnam by early next year.

How dangerous are coal power plants?

VietNamNet Bridge - Vietnamese officials disagree with experts about the danger that coal power plants could bring, saying that power plants are safe if necessary operation procedures are followed.

Decree on supporting industries offers a lot of investment incentives

VietNamNet Bridge - There will not be the VND30 trillion fund to support the development of supporting industries as initially planned. Instead, there will be a lot of investment incentives to be offered to businesses in the fields.

Vietnam plans higher tax incentives for IT firms

The Vietnam Tax Consultants Association (VTCA) has completed the draft on the new tax policy for information technology (IT) firms as assigned by the government. It plans to give more tax incentives to encourage the development of the industry.

Tech firms compete with foreign giants on unlevel playing field

VietNamNet Bridge - Vietnamese technology firms, which are inferior to foreign giants in terms of finance capability and experience, have to offer salaries doubt those offered by US tech giants to attract personnel of the same quality.

MOIT takes actions to continue dream of Vietnam auto industry

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) will offer investment incentives to auto manufacturers in an effort to continue the development of the country's automobile industry. 

Vietnam still tries to develop automobile industry

VietNamNet Bridge - The government of Vietnam does not intend to give up the dream of developing an automobile industry, even though it has failed to do so in the last two decades.

Vietnamese start-ups have to register business overseas

VietNamNet Bridge - Young Vietnamese entrepreneurs have to register their businesses in foreign countries, as they operate in an unclear domestic business environment.