January 2, 2012
Vietnam will find it difficult to sustain into the new year the trade deficit reduction that it managed in 2011, given that it plans to reduce import tariffs on many products and that the ongoing global recession could hurt its exports, experts say. Vietnam’s trade deficit narrowed to US$9.5 billion from $12.4 billion in [...]
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Posted in Business | Comments Off
December 17, 2011
If you were asked to describe, in 10 words or less, the single issue driving the two major political parties in the US today, I imagine you’d say something like this: Republicans never met a tax cut they didn’t like; Democrats won’t touch entitlement programs, even to make them solvent. Consider, then, the counterintuitive [...]
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Posted in Life in Vietnam | Comments Off
December 14, 2011
The Vietnamese Finance Ministry has approved a 20 percent price rise for domestic flights from December 15. After the ministry issued the decision on December 6, national carrier Vietnam Airlines announced it will start raising airfares by 15-20 percent next Thursday. Other airlines – Air Mekong, Jetstar Pacific and VietJet Air – have confirmed [...]
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Posted in Travel | Comments Off
November 3, 2011
A bill aimed at preventing the harmful effects of tobacco by increasing taxes on tobacco products will be submitted to the National Assembly’s ongoing session, Tuoi Tre reported on October 26. Under the proposed bill, the taxes would increase from the current 42 percent to 65 percent on retail prices, according to the Vietnam Steering Committee on [...]
Tags: increase, percent, taxes, tobacco
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October 8, 2011
A long-term cost/benefit analysis of tax policy against state revenues and spending could benefit the country as corporate taxes account for a major portion of revenues A man leaves away after closing his factory, which makes blankets, pillows and mattresses, in Ngoc Nu village outside Hanoi June 23, 2011. As Vietnam fights to beat [...]
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Posted in Life in Vietnam | Comments Off
October 8, 2011
A man sells petrol at a station outside Hanoi on September 22. The Finance Ministry has sent out inspection teams to look into oil product prices of Petrolimex, PV Oil and two other distributors. The losses or profits fuel importers make are not clearly accounted for and people are unhappy about this. If the accounting [...]
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Posted in Reports | Comments Off
October 1, 2011
The twelve members of the Congressional Super Committee, six Democrats and six Republicans, gather for opening remarks. Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by [...]
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Posted in International | Comments Off
September 9, 2011
US President Barack Obama Thursday challenged Republicans to halt a "political circus" and immediately pass a bigger than expected $447 billion jobs plan he said would jolt the "stalled" economy. Calling for unity and an end to a "political circus" US President Barack Obama told Republicans to immediately pass a $447 billion jobs plan to [...]
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August 15, 2011
Gasoline prices have been kept unchanged The Finance Ministry has issued a statement standing by its decision to keep prices of petroleum products unchanged, saying a price cut is only an option after import taxes are raised. The statement, jointly issued with the Ministry of Industry and Trade, came amidst public disappointment over the news [...]
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July 2, 2011
Thanks to scores of dedicated performers, Vietnam’s traditional puppetry will continue to survive but experts say it will take more than that to make the art form thrive Water puppetry performances at the festival which was attended by nearly 300 puppeteers from 15 village guilds across the country. A veteran puppeteer famously said that [...]
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