November 12, 2011
Auto industry insiders say authorities have given an unfair tax advantage to Hyundai Thanh Cong, allowing the car maker to import whole frames at low tariffs applicable only to separate components. According to Hyundai Thanh Cong, which assembles and imports models of the South Korean car maker Hyundai, the company was allowed to import [...]
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December 18, 2009
VietNamNet Bridge – GDC has requested the Hai Phong Customs Agency to investigate suspected cases of import fraud. According to the GDC, some enterprises in Hai Phong City have recently imported some consignments of Hyundai Veracruz and Santa Fe cars, both seven seater cars with two-litre engines. The said vehicles were declared by importers as [...]
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October 7, 2009
LookAtVietnam – Decisions on tax policies by the Ministry of Finance are proving hard to follow for local businesses. The dispatch from My Tho Port’s Customs Sub-agency which required AP to pay the tax arrears for the imported equipmentIn November 2008, Nguyen Van Dao, director of AP Seafood Import-Export Company in Tien Giang province received [...]
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September 16, 2009
LookAtVietnam – Customs agencies have been instructed to collect tax arrears on imported cars which were declared by importers as vans. In a document sent to the Hai Phong Customs Agency last week, leaders of the Ministry of Finance wrote that certain car importers had committed fraud when declaring imports of vans with two seats [...]
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July 8, 2009
The luxury Bentley Continental GT which was imported last month may be forced to be re-exported, because the customs agency believes the import of the car has violated regulations on used car imports. A Bentley which was imported inm 2007The 4-seat Bentley Continental GT 4, which was churned out in 2004, was imported by [...]
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May 21, 2009
VietNamNet Bridge – Locked in disagreement with the Ministry of Finance over the proper tax rate (and lacking budgeted funds), the Ministry of Health (MOH) still cannot use 52 ambulances it imported six months ago. In July 2008, the Health Ministry ordered 52 ambulances from Hyundai Motors Vietnam (HMV). The contract stipulated that HMV had [...]
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May 16, 2009
Animal health officials disembowel a dead goat at a farm in Ninh Thuan Province. Nearly a third of 2,946 sheep and goats imported from the United Arab Emirates (UAE) since February have died and tests have found the presence of bacteria that can infect humans. The animals were brought under a cooperative program between Vietnam [...]
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April 29, 2009
Imported pork, already selling slowly because it is strange to the Vietnamese palate, has become unsalable after people learned of the swine flu outbreak. A director of a HCMC company that imports meat and seafood, including pork from the US, Canada and Australia, said that his company imported a consignment of pork at the end [...]
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March 14, 2009
The operation of the transfer pricing and customs valuation rules present challenges for multinational companies in setting transfer prices of goods imported from related parties. Customs continues to tweak its delicate balancing act Multinational companies which import merchandise from related parties face potentially inconsistent applications of transfer pricing and customs valuation rules. For the same [...]
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February 17, 2009
LookAtVietnam – Bat Trang ceramics artisans and producers are mobilising to make them more competitive against imports being sold in the village, some under the local brand name. Tourists visit ceramic goods display in Bat Trang Village.The local products are hand-made and individually crafted with each one being different, whereas the imported are produced in [...]
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