December 24, 2009
VietNamNet Bridge – The Ministry of Finance is considering imposing a single PIT rate of two percent on the value of assigned real estate. Under the circular on PIT on real estate assignment promulgated by the Ministry of Finance, there are two ways to pay tax. Those selling property are imposed either a 25 percent [...]
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December 23, 2009
LookAtVietnam – The costs dairy producers and distributors pay for advertising and marketing are too high. The Ministry of Finance (MOF) in late November completed an inspection on dairy products’ prices and came to the conclusion that the overly high advertising expenses have pushed the prices up. It believes that it is time for producers [...]
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November 27, 2009
VSA has anticipated that a lot of small scale steel mills will have to shut down because they cannot compete as a result of overproduction. Chairman of the Vietnam Steel Association (VSA) Pham Chi Cuong, in a recent interview with Thoi bao Kinh te Vietnam, said the supply has doubled demand. Meanwhile, from now to [...]
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October 7, 2009
LookAtVietnam – The plan by the MOF’s Tax Policy Department to control dairy prices by imposing a ceiling has failed. Leaders of the Ministry of Finance (MOF) yesterday declared the suggested plan by the tax policy department unfeasible. Under current laws, dairy products are not listed in a category of products which need to have ceiling [...]
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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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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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April 29, 2009
LookAtVietnam – Some automobile showrooms have started to quote prices in VND after the SBV’s instruction, but many others continue to quote US$ prices. VietNamNet’s reporters, who were present at the My Dinh Honda auto showroom on April 26, noticed that the prices of Honda cars displayed there were quoted in VND. The prices of [...]
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April 14, 2009
VietNamNet Bridge – The high quoted prices for houses and land plots have made people think that the real estate market is thawing. However, in fact, the market is still very quiet. Real estate offices and real estate trading centres have been mushrooming in recent months.After a long time of hibernation, the Hanoi real estate [...]
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March 31, 2009
The fact that construction firms promise to lower the sale prices of apartments to the lowest possible levels has raised the worries that low cost houses will be low quality products. Nguyen Van Tuan, Chairman of the Vietnam Import-Export and Construction Corporation (Vinaconex), affirmed that low-cost apartments do not mean low-quality products. The houses for low [...]
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March 11, 2009
The director of the Livestock Husbandry Department under MARD Hoang Kim Giao, said that the ministry will discuss with MOF on solutions to deal with the sharp price increase of input materials for animal feed. Feed prices have been increasingWe have not gotten any information about the feed finished products. We have also heard about [...]
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