The Ministry of Finance said that it would be difficult to finish drafting a decree on preventing transfer pricing within only a few months.

 VietNamNet Bridge – The tax authorities conducted investigations and checks at more than 70,000 businesses, reducing losses of around VND20 trillion ($889 million) in 2015.

 VietNamNet Bridge – Local authorities may never be able to find transfer pricing evidence from foreign animal feed production firms in Vietnam, due to the complicated nature of feed composition.

The agreements on double taxation avoidance that Vietnam has signed with other countries is one of the reasons that have made it impossible for state agencies to clarify the suspected cases of multinational conglomerates conducting transfer pricing.

VietNamNet Bridge – The HCM City Tax Department has established forces to fight transfer pricing. It will collect and study transfer-pricing tactics used by foreign-invested companies in Vietnam.

VietNamNet Bridge - Minister of Planning and Investment Bui Quang Vinh has disagreed with the opinion that Coca-Cola has been conducting transfer pricing in Vietnam, affirming that the soft drink manufacturer is innocent until proven guilty.

VietNamNet Bridge - No one can explain why K+, a major player in the pay-TV market, has incurred such a huge loss and is now on the verge of bankruptcy. Some analysts say there are dubious aspects to the case, and suspect transfer pricing.

VietNamNet Bridge - The Price Control Agency under the Ministry of Finance (MOF) has confirmed that  formula milk companies are not conducting transfer pricing, vowing to clarify the problem.

VietNamNet Bridge - If Keangnam goes bankrupt, Keangnam residents would lose a total of VND160 billion, which is the fee they pay when buying apartments.

VietNamNet Bridge - With a price of $800 million, Keangnam Landmark 72, a 72-storey building in Hanoi has not attracted either local or foreign investors, analysts say.

VietNamNet Bridge - How to deal with transfer pricing – whether to view it as an inevitable part of foreign direct investment (FDI) or take drastic measures to stop it – remains a controversial matter among Vietnamese.

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).

Inspectors looking for transfer-pricing cases examined 2,866 enterprises in 2014, discovering that the actual losses incurred by businesses was VND5.8 trillion lower than reported.

VietNamNet Bridge – Appropriate policies and enhanced management capacity are critical in the fight against transfer pricing to ensure a healthy business investment environment in Viet Nam.

Foreign automobile and electronics manufacturers often choose foreign enterprises for their parts and accessory suppliers instead of Vietnamese companies because it allows them to engage in transfer pricing, some analysts have claimed.

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

Minister of Planning and Investment Bui Quang Vinh plans to meet Irial Finan, vice president of Coca Cola Group this week in Hanoi, one year after Coca-Cola was blacklisted after being suspected of engaging in transfer pricing.

 VietNamNet Bridge – The practices of transfer pricing and tax evasion have been found at nearly all the foreign invested enterprises (FIEs) that the General Department of Taxation has inspected recently.

While taxation agencies are vowing to punish those foreign invested enterprises which conduct transfer pricing, investment consultants believe that the negative impacts of price transfer on the national economy have been exaggerated.

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