On April 14 morning, at the Provincial Square, Dong Nai Department of Taxation held the conference to talk with FDI enterprises doing business across the province in order to hear their difficulties related to tax policies, their opinions on work attitude of taxation officials and employees in the spirit of "Accompanying with Enterprises." Questions raised by the firms at the conference focused on polices on types of tax, such as personal income tax, value added tax, corporate income tax, contractor and taxation administrative procedures. … [Read more...] about Dong Nai Department of Taxation Holds Dialogue with Foreign-invested Enterprises (FDI)
Foreign investment definition
New regulations set on foreign retail network expansion
New regulations set on foreign retail network expansion Tran Thu By Tran Thu - The Saigon Times Daily HCMC – Foreign retailers will have to do Economic Needs Test (ENT) on the basis of the population density of a district rather than a city or province when they want to open the second outlet onwards. This is one of the new regulations given in Circular 08/2013 on trading activities of foreign-invested enterprises released by the Ministry of Industry and Trade in late April. The circular replaces Circular 09/2007 of the Ministry of Trade, precursor of the Ministry of Industry and Trade, and will come into force on June 7. If foreign retailers want to set up a new outlet covering less than 500 square meters in the areas with complete infrastructure planned for trading activities by local governments, they will not need to do ENT. This regulation will not apply when there are changes to the planning. Each centrally-governed city and province will form an ENT council to … [Read more...] about New regulations set on foreign retail network expansion
Central Vietnam EZ regulations amended to spark investment
The Ministry of Planning and Investment has proposed an amendment draft on the Prime Ministerial Decision governing the Chu Lai Open Economic Zone to facilitate investment, said an official from the zone. Under the draft, preferential conditions would be applied in central Quang Nam province's Chu Lai Open Economic Zone (EZ) to quicken investment, said Phan Duc Nhan, head of Chu Lai Open EZ's management board. The draft focuses on re-definition of the zone's borders and supplemental regulations on interest and investor responsibility in the zone, he said. … [Read more...] about Central Vietnam EZ regulations amended to spark investment
Central EZ granted incentives to attract investment
The central Chu Lai Open Economic Zone (EZ) will issue bonds to mobilize capital for mammoth infrastructure projects, according to a recent government decree to facilitate investment. Under the Prime Ministerial Decision issued on November 6 governing the Chu Lai Open EZ in the central Quang Nam Province, the preferential would quicken investment to the EZ, turning it into a key urban-industrial-service center in the region to 2010. The decision focuses on re-definition of the zone's borders and supplemental regulations on interest and investor responsibility in the zone. … [Read more...] about Central EZ granted incentives to attract investment
Foreign investment in China declines in July
Foreign direct investment in China fell 8.7 percent in July, the government said on Thursday, as the economy continues to feel the pinch of slowing global growth and the European debt crisis. Overseas companies invested US$7.58 billion in factories and other projects in China last month, the commerce ministry announced. For the first seven months of the year, FDI fell 3.6 percent on year to $66.67 billion. … [Read more...] about Foreign investment in China declines in July