November 19, 2011
Workers in Ho Chi Minh City struggle with unstable jobs, abuse at work, and bosses who flee to avoid paying employees Workers from Miso Vina Company stay at the company yard around the clock awaiting payment after the South Korean director fled to avoid paying their salaries Binh burns leaves and sticks at night [...]
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October 17, 2011
Song Da No. 2 construction firm is now implementing the Ban Ve hydropower plant project in Nghe An Province, but the investor is finding it difficult to pay. Complicated capital disbursement procedures have prevented construction firms from reclaiming debts from investors, even years after their projects finish. Vu Tuan Duong, vice general director of construction [...]
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Posted in Business | Comments Off
September 24, 2011
Workers clean the Keangnam residence tower in Hanoi September 20, 2011. Like many hoping for easy cash in Vietnam’s property market, Nguyen Thu Huong borrowed VND500 million ($24,000) from a bank in April to buy a new flat she didn’t need and planned to flip. The only question, she thought, was how big the [...]
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Posted in Reports | Comments Off
September 11, 2011
Foreign debt accounted for 42.2 percent of Vietnam’s GDP in 2010, up from 39 percent in 2009. Vietnam should focus on decreasing the current account deficit and approaching foreign exchange rate fluctuation with caution, economist Tran Du Lich told Thanh Nien Weekly in an interview. Thanh Nien Weekly: Foreign debt accounted for 42.2 percent of [...]
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Posted in Reports | Comments Off
August 23, 2011
Andy Coulson, the former spokesman for Britain's Prime Minister David Cameron, leaves a police station after being bailed, in South London, July 8, 2011. News Corp funded the former editor of the News of the World tabloid when he worked for David Cameron in opposition, the BBC said, in new evidence of the close links [...]
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Posted in International | Comments Off
June 11, 2011
Sixteen former Vinashin officials and three government ministries implicated in the company’s financial debacle A ship assembled by the Vietnam Shipbuilding Industry Group (Vinashin)’s Ha Long Ship Building Company in the northern Quang Ninh Province. Three government ministries and 16 former Vinashin officials have been implicated by a team of government inspectors in the [...]
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Posted in Reports | Comments Off
April 24, 2011
A plan to cut the 5 percent tax rate on dividends will boost investor sentiment amid volatile stock market conditions, experts say. In a meeting with business representatives in Ho Chi Minh City early this month, Deputy Finance Minister Do Hoang Anh Tuan announced that the ministry would propose to the National Assembly a [...]
Tags: Anh Tuan, capital, Capital Gains, Capital Gains Tax, gains, Gains Tax, General director, investor, Investor Confidence, investors, market, paying, payments, percent, Percent Tax, stock, Stock Investors, Stock Market, Tax rate, That The Tax, The market, The tax, The year, transaction, Vietnam
Posted in Business | Comments Off
April 2, 2011
Around 200,000 SMEs in Vietnam will be eligible for the tax payment extensions The Finance Ministry secured government approval to extend its deadline for corporate income tax payments to certain small and medium-sized enterprises (SMEs), VnExpress reported Thursday. According to the ministry, around 200,000 out of 360,000 SMEs in the country will be eligible for [...]
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Posted in Business | Comments Off
January 28, 2011
The experiences and successes of Vietnam’s Payments for Forest Environmental Services (PFES) scheme, which has generated significant resources to support forest protection and local livelihoods, were shared at a workshop in Da Lat last Friday. The Asia Regional Biodiversity Conservation Program (ARBCP), a project of the US Agency for International Development (USAID), helped Vietnamese [...]
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November 23, 2010
Vietnam’s balance of payments deficit could be around $2 billion, or half of what the government is officially targeting, if the trade deficit can be contained, central bank governor Nguyen Van Giau said on Tuesday. "This year the target for the balance of payments is $4 billion, but up to now there is a [...]
Tags: balance, billion, Central bank, deficit, Of Payments Deficit, payments, Payments Deficit, The Trade, The Trade Deficit, This year, Trade deficit
Posted in Business | Comments Off
