July 17, 2011
Expectations that lower global prices would benefit consumers have been belied A worker pumps petrol to a motorcycle at a gas station in Hanoi. Vietnam raised retail fuel prices in late March and has left them unchanged since. When the government decided in March that local petroleum prices will be adjusted in line with [...]
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December 21, 2009
The business of taxis running on compressed natural gas (CNG) cannot develop well without proper government support, industry leaders say. The government needs to have supportive programs like preferential import tax policies for CNG taxi businesses, supporting them in installing devices that can help make the switch from petrol- to gas-based operations, said Tran Viet [...]
Tags: Gas Stations, Gas Taxis, Government, Government Support, Import tax, Natural Gas, petrol, stations, support, taxis, The Business, The government
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August 22, 2009
LookAtVietnam – According to economic experts, it is essential to introduce a second stimulus package, with even lower interest rates targeting a smaller number of beneficiaries. At a recent meeting of the National Monetary Advisory Council, many economic experts said the second stimulus package should be implemented as soon as the interest rate subsidy package [...]
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August 5, 2009
The Ministry of Planning and Investment issued Circular No 04/2009/TT-BKH on July 23 guiding the implementation of provisions in the Law on Import Tax and the Law on Value-Added Tax.The circular lists goods eligible for exemptions from import duties and VAT, pursuant to Decree No 149/ 2005/ND-CP of December 8, 2005. The new circular replaces [...]
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July 7, 2009
VietNamNet Bridge – A survey conducted in HCM City showed that China-sourced glass, though assessed the import tax of 40 percent, is still flooding the market thanks to its cheap price. Representative of a company specialising in importing and distributing construction glass in HCM City said that glass products have recently been imported from China, [...]
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July 1, 2009
Petrol prices were raised by another 700 dong per litre at 0 am, July 1, 2009 after petrol distributors got approval from the Ministries of Finance and Industry and Trade. As such, the new price level for A92 petrol, the most commonly-used petrol in the market, is 14,200 dong per litre (the previous price was [...]
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June 30, 2009
One year ago, when the world’s oil price peaked at $147 per barrel, the domestic petrol price was 19,000 dong per litre. Now the figures are $70 and 13,500 dong per litre, respectively. Since the beginning of April, the domestic petrol price has increased four times by 2,500 dong per litre in total, or 22 [...]
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May 28, 2009
Businesses always complain about difficulties and ask for support from the government. However, after they get the government’s support, they never think of slashing sale prices to assist consumers, one expert says. Automobile manufacturers have called for luxury tax decreasesMore and more industries and businesses are beseeching the government for assistance. Not only small- and [...]
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May 14, 2009
VAMA has sent a petition to relevant ministries asking for a delay of the implementation of the luxury tax as it blames this for poor car sales. The document affirms the impacts of the tax on the operation of automobile enterprises, including worker lay-offs and the plan on localising products of VAMA member companies. VAMA said [...]
Tags: Automobile, Automobile industry, Automobile Joint, Automobile manufacturers, Government, import, Import tax, Localisation Ratio, luxury, Luxury Tax, Luxury Tax Would, manufacturers, policies, prices, Supporting Industries, The government, The Import, The Luxury, The Luxury Tax, The state, The tax, Vietnam
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May 6, 2009
LookAtVietnam – The illegal import of Chinese construction steel that contains boron has been put under control, said Nguyen Tien Nghi, vice chairman of the Vietnam Steel Association (VSA). The Ministry of Finance then issued a circular increasing import tax on steel ingots from 5 to 8%, finished steel products from 12 to 15% and [...]
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