VietNamNet Bridge – The government inspectors, after an inspection tour to the enterprises in the export processing zones (EPZs), have found 125 out of 399 enterprises which declared the loss of up to trillions of dong.

 VietNamNet Bridge – The Government Inspectorate has discovered a series of foreign-invested firms in Vietnam that declared big losses, while their income still grew highly and their production scale keeps expanding.

Irial Finan, Vice President of Coca Cola global, affirmed that Coca Cola Vietnam is not guilty of the charges on illegal transfer pricing.

The information that Coca-Cola has not paid any dong in tax over the last 10 years of operating in Vietnam has raised a wave of anger among Vietnamese.

Dr. Phan Huu Thang, director of National Economics University’s Centre for Foreign Investment Studies, discusses the role of foreign business associations in helping state agencies combat transfer pricing for tax evasion by some multinationals.

 VietNamNet Bridge – Experts have called for legal framework regarding transfer pricing to be supplemented and completed as a matter of urgency.

In Vietnam, Metro Cash & Carry, Adidas registered their business as wholesalers. However, in fact, individual clients still can buy goods directly from the distributors.

Conducting transfer pricing, evading tax, running away with unpaid debts – all of the behaviors of foreign invested enterprises (FIEs) have caused big headaches to the Vietnamese management agencies.

 VietNamNet Bridge – Tax authorities have recently audited some foreign-invested enterprises suspected of evading taxes in Viet Nam through transfer pricing.

The taxation agencies would gather their strength to fight against the transfer pricing and would go their ways to find out the truth, though it is really a very complicated and hard work.

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.

 VietNamNet Bridge – Coca-cola has continuously reported losses in the last decade of operations in Vietnam despite it being one of the biggest players in the domestic beverage market.

The HCMC Tax Department sine early this year has inspected 16 foreign direct investment (FDI) enterprises with transfer pricing signs, collecting VND11.3 billion in taxes and reducing losses reported by these firms by VND368 billion.