Minsitry of foreign affairs

Tax authorities clamping down on foreign evaders (illustration photo) Hanoi Tax Department and its peer in Ho Chi Minh City revealed last week that thousands of foreign-invested enterprises (FIEs) are failing to keep up with regulatory demands. The published list of groups is part of Vietnamese authorities stepping up investigations into the tax affairs of such enterprises, which account for a growing share of suspected underpayment by large businesses. The Hanoi tax authorities say they are closely co-operating with the media to ensure offending companies are known to the public. “Multinational corporations might use various schemes to avoid paying taxes in Vietnam, where they make vast revenues. But it is intrinsically difficult to detect tax avoidance or evasion,” economist Nguyen Tri Hieu told VIR. World Economic Forum research shows $420 billion in corporate profits shift out of 79 countries annually, as seen in the cases of some high-profile names operating in … [Read more...] about Tax authorities clamping down on foreign evaders

The Russian Deputy Foreign Minister visited Vietnam on June 13-14 at the invitation of the Foreign Ministry of Vietnam to attend the ninth Vietnam-Russia Strategic Dialogue on Diplomacy-Defense-Security and Political Consultation at the deputy-foreign-ministerial level, which aimed to roll out the cooperation plan between the two foreign ministries for the 2017-2018 period. At the reception on June 13 in Hanoi, Mr. Minh suggested that the two sides boost their discussions on regional and global issues for better coordination and wished Russia to further cooperate with ASEAN and actively contribute to maintaining peace and stability in the Asia-Pacific region. Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) and Russian Deputy Foreign Minister I. Morgulov. Photo: baoquocte.vn  Minh also showed his pleasure at fine developments in relations between the two countries and hoped the two foreign ministries would continue boosting cooperation in all fields to be … [Read more...] about Vietnam, Russia reinforce strategic partnership

The Viethaus project was mired down in difficulties from the start The Government Office has collected comments from the ministries of Foreign Affairs, Finance, and Planning and Investment on how to deal with the Viethaus project based in Berlin (Germany) of Airports Corporation of Vietnam (ACV). Earlier, the Ministry of Transport (MoT), which is ACV’s management authority, in a report to Deputy Prime Minister Truong Hoa Binh, has floated the idea of terminating the project, based on ACV proposal. Accordingly, in case the German government does not offer long-term space leasing at a favourable rate and long-term visa to its staff, ACV will ask its member unit Southern Airports Services JSC (Sasco) to return the space in the third quarter of this year when the space leasing contract expires and stop the investment project according to Vietnamese and German laws. Last October, the Government Inspectorate’s conclusion No.2569/K-TTCP confirmed that Viethaus was ineffective … [Read more...] about ACV suffers bitter losses from Viethaus project

Authorised agencies inspect fishing boats in Ham Luong river of Ben Tre province (Photo: VNA) Hanoi (VNA) – Minister of Agriculture and Rural Development Nguyen Xuan Cuong has issued directions guiding coastal localities in intensifying measures to stop illegal, unreported and unregulated (IUU) fishing. Accordingly, the People’s Committees of coastal provinces and cities must accelerate the recovery of Movimar satellite geo-positioning devices installed in fishing vessels with lengths of below 24 metres for installation in those of 24 metres and above. At the same time, they should push the prompt upgrade of GPS-integrated VX-1700 satellite communication equipment on both vessels and coastal stations, and impose strict punishment on those ships which fail to operate the monitoring equipment around the clock as required. Authorities of coastal localities and relevant agencies must further tighten the monitoring of fishing vessels’ movement through ports along with … [Read more...] about Agriculture Minister orders intensified IUU combat

Chairwoman of the National Assembly Nguyen Thi Kim Ngan met with Belarusian Prime Minister Sergey Nikolayevich Rumas on December 13 as part of her ongoing official visit to the European country. At the meeting between Chairwoman of the National Assembly Nguyen Thi Kim Ngan and Belarusian Prime Minister Sergey Nikolayevich Rumas The Belarusian PM said the exchange of visits by senior officials over the past time has created a firm foundation for the two countries to strengthen bilateral cooperative ties. He described Vietnam as a friend and strategic partner of Belarus in Southeast Asia as the country’s socio-economic development strategies are completely compatible and similar to those of Belarus such as technological reform and high-tech development. The PM thanked Vietnam for always supporting his country’s initiatives at the global arena and the United Nations, adding that the two sides share similar viewpoints on international issues. He suggested the two … [Read more...] about VN top legislator meets with Belarusian Prime Minister