Vietnam Investment Review - VIR

Corporate

Uber and Grab drivers suddenly up to neck in tax arrears
18:03 23/09/2017 Uber and Grab drivers suddenly up to neck in tax arrears

After the frenzied wave of buying cars to drive for Grab and Uber, many people were shocked to find themselves tens of millions of dongs in tax arrears after selling their cars. The tax authorities are seeking to collect tax arrears from these drivers and even impose fines in case of delays.

Investing

Business leaders speak out against irrational charges
17:43 23/09/2017 Business leaders speak out against irrational charges

Leaders of the business community claim that reductions in taxes and fees and the removal of irrational business conditions should be among the key measures for the government to keep enterprises afloat.

Tech

Traditional taxi firms turn to technology
10:00 23/09/2017 Traditional taxi firms turn to technology

The transportation market of Viet Nam is witnessing significant changes since the rapid expansion of ride hailing apps Uber and Grab in recent years.

Property

CapitaLand strikes biggest deal in Asia-Pacific
23:11 21/09/2017 CapitaLand strikes biggest deal in Asia-Pacific

In the largest office transaction in the Asia-Pacific this year, Singaporean real estate company CapitaLand purchased a landmark office tower for SGD2.09 billion ($1.55 billion).

Money

Four banks ink deal to finance Vĩnh Tân 4 thermoelectric plant
09:34 23/09/2017 Four banks ink deal to finance Vĩnh Tân 4 thermoelectric plant

Four commercial banks inked a deal here on Thursday to provide VND5.4 trillion (US$23.75 million) in credit for the expanded Vinh Tan 4 thermoelectric project.

Province

Bà Rịa – Vũng Tàu calls for investments in Côn Đảo Island
13:00 23/09/2017 Bà Rịa – Vũng Tàu calls for investments in Côn Đảo Island

Con Dao Island, off the coast of Ba Ria-Vung Tau Province, has significant untapped potential and advantages for investors, according to the Provincial People’s Committee.

Travel

Programme of National Tourism Year 2018 in Quang Ninh announced
11:00 23/09/2017 Programme of National Tourism Year 2018 in Quang Ninh announced

The Ministry of Culture, Sports and Tourism on September 22 announced the theme and activities of the National Tourism Year 2018, which will be hosted by the north-eastern province of Quang Ninh.

World News

Teenager charged over London Underground attack: Police
10:00 23/09/2017 Teenager charged over London Underground attack: Police

LONDON: A teenager accused of planting a bomb on a London Underground train last week allegedly bought components on Amazon, packing the device with shrapnel, a prosecutor said on Friday (Sep 22).

Your Consultant

SBV issues new regulations
13:41 17/09/2017 SBV issues new regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Viet Nam (SBV), require credit institutions and commercial banks in Viet Nam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.