Company News
Latest News
Dezan Shira & Associates Expands Ho Chi Minh Office
In February 2011, Dezan Shira & Associates will expand their Ho Chi Minh office and recruit additional personnel to cater for an increase in foreign direct investment.
Hanoi to Boast 11 New Industrial and High Tech Zones in Next Five Years
Plans have been laid to create 11 new industrial zones and high tech parks in the Vietnamese capital of Hanoi over the next five years in a bid to attract further domestic and foreign investment, Nguyen Xuan Chinh, head of the Hanoi Industrial and Export Processing Zone Management Board, said on Thursday.
China Signs Tax Information Exchange Agreement with Bermuda
China recently signed a tax information exchange agreement (TIEA) with another tax haven, Bermuda, following the TIEA signing with the British Virgin Islands last year. The growing number of TIEAs signed by China show the country’s strong determination to curb capital flight.
Vietnamese Commercial Banks Increase Interest Rate for Deposits, Lending
Several Vietnamese commercial banks increased interest rate returns on dong deposits to 13 percent per year, as well as offered other incentives to attract new customers and retain existing ones.
India Sees 40% Rise in September FDI Inflows
Bucking a three-month trend of declining foreign direct investment inflows, India received US$2.11 billion in FDI in September, good for a 40 percent rise over the same month last year, according to an official from the industry ministry.
China’s New Round of Tax Policy Reforms to Target VAT and Personal Income Tax
China is planning to accelerate its taxation policy reform that focuses on economic development mode transformation and income gap reduction.
New Minimum Capital Requirement May Soon Be Instituted for Companies Looking to List in Vietnam
Vietnam’s State Securities Commission is looking to increase the minimum capital requirement for companies wanting to list on the nations bourses.
China Tightens Restrictions on Real Estate Purchases by Foreigners
A new circular recently released by the Chinese government reiterates a four-year-old regulation that limits housing purchases by foreigners and imposes more restrictions on the amount and region of the properties.
Minimum Wage Set to Rise Next Year in Vietnam
Starting next year, Vietnam will increase the mandatory minimum monthly salaries for people working at local and foreign companies by between VND100,000 and VND370,000 according to a government statement issued last week.
NGOs in India No Longer Need to Renew Tax Concession Status
India’s Central Board of Direct Taxes announced on Wednesday that non-governmental organizations, charitable institutions and other groups that are eligible for tax benefits and can issue tax benefit receipts to those who give donations will no longer need to renew their tax concession status every three years.