The Business Times: Tax evasion on rental houses on the rise

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• Tax evasion on rental houses on the rise
• Home insurance not easy to buy
• Ministry vows to protect real estate customers
• Vietnam steel association seeks help against tax dodging chinese alloy
• Vietnam’s petroleum imports gradually fall since 2010: MOIT
• Gov’t limits licences for rice export firms
• Vietnam’s honey exports to EU
• VAMC to buy VND10 trillion of bad debts in two months
• Banks accept debt payment in stocks to ease bad debts
• Vietnam state budget deficit hits vnd99tln in 7m/2013: MOF

Tax evasion on rental houses on the rise Posted: 08 Aug 2013 12:11 AM PDT Tax evasion on rental houses has become more common and complicated in Ha Noi, especially in Tay Ho District where the business has developed rapidly. The Tax Department in Tay Ho District reported the area was booming with many houses available for rent and a predominantly foreign clientele. In Quang An precinct alone, nearly 800 [...] The post Tax evasion on rental houses on the rise appeared first on Vietnam Business News.

Home insurance not easy to buy Posted: 08 Aug 2013 12:11 AM PDT Home insurance is one of the solutions suggested by the Ministry of Construction in a bid to protect homebuyers from losing their money when investors fail to continue their projects, but this suggestion is deemed impractical. Nguyen Van Duc, deputy director of Dat Lanh Real Estate Co., said no insurance firm would dare to sell [...] The post Home insurance not easy to buy appeared first on Vietnam Business News.

Ministry vows to protect real estate customers Posted: 08 Aug 2013 12:10 AM PDT   The Ministry of Construction proposes plans to protect customers of unfinished projects who have been suffered losses because of incapable investors. Dinh Si Hung bought an apartment four years ago, before it was complete. Because of the investors’ weak financial ability, the project has been put on hold. “This project is a victim of [...] The post Ministry vows to protect real estate customers appeared first on Vietnam Business News.

Vietnam steel association seeks help against tax dodging chinese alloy Posted: 08 Aug 2013 12:02 AM PDT The Vietnam Steel Association has petitioned management agencies to soon arrive at solutions of monitoring products labeled as alloy steel imported from China as it contains a small portion of boron to escape the tax. VSA, in a document sent to the PM and the Ministry of Industry and Trade, said that alloy steel containing [...] The post Vietnam steel association seeks help against tax dodging chinese alloy appeared first on Vietnam Business News.

Vietnam’s petroleum imports gradually fall since 2010: MOIT Posted: 08 Aug 2013 12:02 AM PDT Vietnam has gradually cut its imports of petroleum both in volume and value, the Ministry of Industry and Trade (MoIT) said. In details, Vietnam imported total of 13 million tons of gasoline and oils in 2009. However, the country has imported only 4.25 million tons of petroleum worth $4 billion in the first 7 months [...] The post Vietnam's petroleum imports gradually fall since 2010: MOIT appeared first on Vietnam Business News.

Gov’t limits licences for rice export firms Posted: 08 Aug 2013 12:00 AM PDT Under amendments to a draft decree on rice-export companies (Decree 109), Viet Nam would allow no more than 150 rice-export firms to operate. And any firm failing to export 10,000 tonnes of rice annually for two consecutive years could have its licence revoked, it said. The Government has approved in principle a draft made by [...] The post Gov't limits licences for rice export firms appeared first on Vietnam Business News.

Vietnam’s honey exports to EU Posted: 07 Aug 2013 11:50 PM PDT Vietnam has been allowed to export honey to the EU market, according to the European Market Department under the Ministry of Industry and Trade. It said the European Union (EU) on July 31 accepted the Ministry of Agriculture and Rural Development (MARD)'s plan for residue control on Vietnamese honey for export. MARD had sent its [...] The post Vietnam's honey exports to EU appeared first on Vietnam Business News.

VAMC to buy VND10 trillion of bad debts in two months Posted: 07 Aug 2013 11:49 PM PDT General Director Nguyen Huu Thuy told Bloomberg that VAMC will give priority to purchase debts of the banks with the highest bad debt ratios and the debts that are guaranteed by real estate. The first transactions will be done in the next two weeks. Speaking to Bloomberg yesterday, August 6, General Director of the Vietnam [...] The post VAMC to buy VND10 trillion of bad debts in two months appeared first on Vietnam Business News.

Banks accept debt payment in stocks to ease bad debts Posted: 07 Aug 2013 11:49 PM PDT Unable to clear inventories to get money for debt payment, a lot of debtors have to pay in their shares. In mid-June 2013, Everpia Vietnam (EVE), in its press release, informed that 3 million shares of the company were transferred to Tien Phong Bank. At the same time, FPT Capital, an investment fund, announced it [...] The post Banks accept debt payment in stocks to ease bad debts appeared first on Vietnam Business News.

Vietnam state budget deficit hits vnd99tln in 7m/2013: MOF Posted: 07 Aug 2013 11:49 PM PDT Vietnam's state budget deficit is estimated at VND98.695 trillion ($4.66 billion) in the first 7 months of this year, accounting for 60.9% of the whole year plan (VND162 trillion), the Ministry of Finance (MoF) said in its recent report. In details, as of July 31, the state budget revenues reached VND429.16 trillion or 52.6% the [...] The post Vietnam state budget deficit hits vnd99tln in 7m/2013: MOF appeared first on Vietnam Business News.

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