The Business Times: International auditing firms lend a hand to FIEs’ transfer pricing?

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• International auditing firms lend a hand to FIEs’ transfer pricing?
• Thai Binh agriculture leads the charge
• Vietnam sees surge in trade deficit with China
• Multi-field groups fail because of the lack of core competencies
• Commercial housing receives VAT break

International auditing firms lend a hand to FIEs’ transfer pricing? Posted: 03 Nov 2013 12:05 AM PDT The finance reports of the foreign invested enterprises (FIEs) in the multi-trillion dong transfer pricing affairs have all been audited by the world's leading auditing firms. How could the experienced auditors be cheated? Iwama Shinichi, President of Daiwa Seiko, said at a workshop in late 2012 that in 2007, Daiwa Vietnam, based in Da Nang [...] The post International auditing firms lend a hand to FIEs' transfer pricing? appeared first on Vietnam Business News.

Thai Binh agriculture leads the charge Posted: 02 Nov 2013 08:52 PM PDT Thanks to scientific and technological achievements in production, crop and livestock restructuring in the Red River delta's Thai Binh province has greatly improved economic efficiency. Report by the Vietnam Economic News. Among hundreds of scientific topics and projects and thousands of innovations put into practice in Thai Binh province, the most prominent achievement is the [...] The post Thai Binh agriculture leads the charge appeared first on Vietnam Business News.

Vietnam sees surge in trade deficit with China Posted: 02 Nov 2013 08:45 PM PDT Vietnam's trade deficit with China hit 17.2 billion USD in the first nine months of 2013, according to the Ministry of Industry and Trade. In the period, Vietnam spent more than 26.7 billion USD on importing products from China , accounting for 27.5 percent of the country's total import turnover. The import value has exceeded [...] The post Vietnam sees surge in trade deficit with China appeared first on Vietnam Business News.

Multi-field groups fail because of the lack of core competencies Posted: 02 Nov 2013 08:44 PM PDT Vietnamese enterprises remain too young to become multi-field groups. A survey of McKinsey found that multi-field conglomerates make up 80 percent of the turnover of the 50 biggest companies in South Korea, 90 percent in India and 40 percent in China. All the companies reportedly had very high turnover growth rates in 2000-2010, 23 percent [...] The post Multi-field groups fail because of the lack of core competencies appeared first on Vietnam Business News.

Commercial housing receives VAT break Posted: 02 Nov 2013 08:42 PM PDT The Ministry of Finance has promulgated circular 141 stipulating the reduction of the current 10 per cent value-added tax (VAT) to 5 per cent for selling and leasing commercial housing projects with an aim to promote purchasing power. Under the new decree, commercial housing projects which meet conditions, including apartments with selling prices of less [...] The post Commercial housing receives VAT break appeared first on Vietnam Business News.

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