Company News
Vietnam
The economy in Vietnam grew by 5.32 percent in 2009, making it one of the top expanding economies in the region despite the global financial crisis.
Tax on Securities Investments in Vietnam to be Implemented Next Year
Vietnam will implement a tax on gains in securities investments beginning January 1, 2010. Stock investors can choose to either pay the flat 0.1 percent duty fee on the value of each transaction, or a 20 percent levy on trading profits.
Vietnam to Lift Ratio on Foreign Ownership to 49 Percent
Vietnam will soon raise the ceiling on foreign ownership in local businesses from 30 percent to 49 percent.
Ho Chi Minh City Included in Top Cities for Software Testing
– Strategic advisory firm, Tholons has included Ho Chi Minh City in its annual report of Top 6 Established Global Outsourcing Cities for Software Testing for the second year in a row.
Tax Laws on Overseas Investment in Vietnam to be Revised
The Ministry of Finance in Vietnam is planning to revise tax laws to encourage more Vietnamese businesses to make overseas investments. The draft of the tax circular is pending official approval at the end of the year.
Vietnam, United Kingdom Endorse New Economic Contracts
The Vietnam-UK Business Forum 2009 has led to the signing of a number of contracts including a US$1.5 billion project to build a thermo-electricity center and US$1.5 billion project to build a seaport warehouse.
Hau Giang Province Offers Investment Incentive
Hau Giang Province in Vietnam, located south of Can Tho City and and 240 kilometers of Ho Chin Minh City is offering incentives to attract more investors.
Vietnam Raises Minimum Tax on Imported Cars
The General Customs Department of Vietnam has set higher minimum taxable prices for more than 600 models of imported cars, following allegations that local importers were under-invoicing to avoid higher taxes.
Vietnam Attracts US$10 billion Worth of FDI for First 7 Months
According to the Foreign Investment Department, Vietnam attracted US$10.1 billion of foreign direct investment during the first seven months of 2009.
Vietnam Salaries Lowest In Region
According to a Japan External Trade Organization (JETRO) report, the amount spent by companies on wages, land rent and power in Vietnam last year was competitively lower compared to other countries in the region.