The Sai Gon Railway Company has begun selling 80,000 online train tickets for the upcoming Tet (Lunar New Year) holiday. Around 20 trains, each including 17 carriages, will be used every day to serve customers during the season, according to the company's deputy director Dinh Van Sang. To prevent crashes at the website www.vetau.com.vn, or at crowded ticket boxes, the railway will sell tickets at different times for different destinations. The company will also offer 38,000 tickets to serve retail customers. Sai Gon Giai Phong (Liberated Sai Gon) Job training for women in remote areas The Japanese Government will launch a US$200,000 project to build and upgrade a vocational training centre that serves women who live in remote areas, including Gia Lai, one of the country's poorest provinces. The centre will work under the province's Women Union, providing short - and long-term courses in different fields. A primary school in Duc Co District will also be upgraded. Thoi bao Kinh te … [Read more...] about Sai Gon Railway sells online tickets for Tet
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Taxman clarifies PIT on properties
Taxman clarifies PIT on properties By Dinh Dung - The Saigon Times Daily HCMC - The General Department of Taxation sent document 3929/TCT-TNCN to its provincial departments around the country to give additional guidance on the collection of personal income tax (PIT) from individuals who trade properties, following the Finance Ministry's recent circular 161/TT-BTC which is drawing public attention these days. Speaking in an online exchange held at Thoi bao Kinh te Sai Gon Online last week, Tran Thi Le Nga, head of the propaganda and taxpayer support division of the HCMC Tax Department, cleared up many points by saying that a tax rate of 25% would be calculated on the difference between a property's transaction price and the real input cost. For a property whose input cost is not identified, a tax rate of 2% will be charged on the transaction price. She cited the new document saying that for future property transactions made by contributing money to a project and with the contract … [Read more...] about Taxman clarifies PIT on properties
A Meaningful Student Support Program
The Mekong Program, a project aimed to support students in the Mekong Delta with interest-free loans for tuition payment, was officially launched at the Can Tho University on Wednesday, September 9. The Mekong Program under the Saigon Times Foundation (STF) was set up by STF, Van Phat Hung Joint Stock Com-pany and Can Tho University. STF is the manager and legal representative for this program, which is initially funded with VND4 billion by Van Phat Hung. Five students from Can Tho University who receive the Mekong Program's interest-free loans for tuition payment in the academic year 2009-2010 … [Read more...] about A Meaningful Student Support Program
Vietnam hanger firms to file appeal against US anti-subsidy probe
Ten steel wire garment hanger producers and exporters have joined hands to file a lawsuit against a US trade investigation launched on suspicions Vietnamese products were violating anti-dumping and anti-subsidy laws. A report on Thoi Bao Kinh Te Sai Gon Online Tuesday quoted lawyer Dinh Anh Tuyet of the IDVN Law Firm as saying that since the case was related to the steel wire garment hanger industry in both countries, all the companies that export the product to the US had to prepare necessary documents for the lawsuit. … [Read more...] about Vietnam hanger firms to file appeal against US anti-subsidy probe
Vung Tau food festival, a disappointment
Vung Tau’s much touted World Food Festival fell flat on its face, with the five-day event’s image being tainted by ridiculous prices and pickpocketing. The festival, themed “Taste of the World,” kicked off with much fanfare on July 21 in the coastal city, attracting 41 countries including Vietnam. It drew large crowds as a result of which hotels raised room rates to extortionate levels. The Hong Ngoc Hotel, for instance, told Thoi Bao Kinh Te Sai Gon Online (Saigon Economic Times Online) it doubled its rates to VND700,000 (US$36.66) to VND2 million a night. At Thuy Van Beach, also known as the Back Beach, the venue, visitors complained the food was poor but very expensive. A box of rice and chicken cost VND80,000 (US$4.19) while grilled meat was VND70,000 a stick. “To fill our stomach, we had to spend the same amount of money we would pay at a luxury restaurant in Ho Chi Minh City,” Lam Thi Minh, a visitor from the city, said. But it was not … [Read more...] about Vung Tau food festival, a disappointment