Sea freight of VNT Logistics Of the total sum, VND639.8 million ($27,800) was the fine for tax administrative violations and tax underreporting. The remaining VND3 billion ($130,450) was corporate income tax arrears, including value added tax arrears of VND35.7 million ($1,550). Established in 1996, VNT Logistics operates comprehensive door-to door logistics services to any destination in the world. It provides air and sea freight, and logistics. The firm made a net revenue of VND666.6 billion ($28.98 million) in the first nine months of 2019, down 12.3 per cent on-year, while its after-tax profit rose slightly to VND4.53 billion ($196,950) from VND4.31 billion ($187,400) in the same period last year. VNT Logistics is among leading Vietnamese logistics providers. Currently, more than 4,000 Vietnamese logistics providers are proactively operating internationally and domestically. Many trans-national logistics service companies including ASEAN companies are practising in the … [Read more...] about VNT Logistics fined for tax violations
Tax exemption 65 years old
OTTAWA — Canadian Prime Minister Justin Trudeau unveiled a legislative agenda on Thursday that touts tax cuts and tougher climate actions in the first test of his new minority government. After a nasty election fight and his rejection of a formal coalition, Trudeau must rely on the backing of opposition parties on a case-by-case basis to stay in power. That starts with garnering support for his agenda, which was outlined in a throne speech by Governor General Julie Payette to parliament, convened for the first time since the October ballot. In the 30-minute address Payette sketched out plans for tax cuts, net-zero CO2 emissions by 2050, implementation of the UN Declaration on the Rights of Indigenous Peoples, a ban on assault rifles, and a national prescription drug plan. "We know that we are inextricably bound to the same space-time continuum and on board the same planetary spaceship," said the former astronaut. "I am certain that by working together, no challenges are too big." … [Read more...] about Trudeau pushes tax cuts, climate in test for minority government
The blaze had been contained by Thursday morning, but dozens of firefighters were still combing through the partly destroyed walls of the six-storey building. (Photo: AFP/Oleksandr Gimanov) The fire broke out in a college building in central Odessa on Wednesday, killing a 16-year-old female student and injuring 27 others. The blaze had been contained by Thursday morning, but dozens of firefighters were still combing through the partly destroyed walls of the six-storey building. Zelensky wrote in a Facebook post: "We all hope that of the 14 missing people, as many as possible will be found safe and sound. But I do not want to deceive anyone -- there may be more victims." Seven firefighters were among the injured and five people were in a serious condition. "We all are praying" for them, said Zelensky, 41. "We know that doctors are doing everything possible to save them. And impossible too." The authorities have opened a probe into the blaze. The mayor of Odessa said the city would … [Read more...] about 14 missing in deadly Ukraine fire: President
Vinalines Unity, 22,000 DWT bulk carrier currently sailing under the flag of Viet Nam. — VNA Photo Viet Nam’s ports and shipping industry is more than sufficient to meet the country’s demand in import-export activities. That is the response from the Vietnam National Shipping Lines (Vinalines) to a Bloomberg report claiming container shipping may need to grow at almost twice the pace of the last decade, which was reported at 10-12 per cent annually, to keep up with new, surging demand. Bloomberg also claimed the country is facing a US$4 billion shortfall in developing its ports with no major projects nearing completion in the near future. Overcoming such an issue can prove to be a daunting task as the cases of early developers such as Japan and Korea have shown. A high-ranking Vinalines official told the Vietnam News Agency the inauguration of deepwater port Lach Huyen in northern port Hai Phong City has significantly increased northern region’s shipping … [Read more...] about Vietnamese shipping industry adequate to meet rising demand: Vinalines
When news broke last week that one of Vietnam’s largest conglomerates, Vingroup, had plans to sell off its retail and agricultural arms to Masan Group, a major player in Vietnam’s fast-moving consumer goods (FMCG) market, industry insiders were unsure what to make of the announcement. The official line from Vingroup is that the deal is expected to provide the company with the resources it needs to focus its energy on technology and production sectors. Meanwhile, Masan’s strong position in the FMCG market will allow it to fully leverage the massive retail network that Vingroup has built over the past few years. Under an agreement reached on Tuesday, Vingroup’s VinCommerce and VinEco arms will be acquired by Masan and incorporated into Masan Consumer Holdings, which is Masan’s consumer retail business. Vingroup will exchange its shares in VinCommerce for a minority stake in a grand new retail company to be formed after the … [Read more...] about Why did Vietnam’s largest conglomerate sell of its retail arm?