The Business Times: Canadian mining company flees country, still owes taxes

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• Canadian mining company flees country, still owes taxes
• Will casinos bring in billions of USD if Vietnamese are allowed entry?
• Tourism maintains growth despite adversity
• ANZ: Vietnam still faces challenges ahead
• Metro Cash & Carry’s business performance questioned
• Foreign investors keen on animal feed, seafood, livestock production
• Finance ministry says no need to worry about public debt, economists disagree
• Poor infrastructure holding back central provinces: Deputy PM
• Breweries in race to spur output
• Vietnam exporters face more anti-dumping lawsuits as US considers new duties on steel

Canadian mining company flees country, still owes taxes Posted: 19 Aug 2014 10:15 PM PDT Many Vietnamese businesspeople who have been the creditors for Besra Vietnam, the Canadian gold mining company, are concerned they might not bet their money back. The Quang Nam province's Taxation Agency says that Besra Vietnam owes hundreds of billions of dong in tax as well as loans. The two factories in Vietnam owned by Besra […] The post Canadian mining company flees country, still owes taxes appeared first on Vietnam Business News.

Will casinos bring in billions of USD if Vietnamese are allowed entry? Posted: 19 Aug 2014 10:11 PM PDT Some say that casinos could potentially make up five percent of Vietnam's GDP and create 30,000-50,000 jobs, but will the new proposal to allow local citizens to play at casinos really be that lucrative? In recent days, investors have leaped for joy about the Ministry of Finance's proposal to allow Vietnamese to go to casinos […] The post Will casinos bring in billions of USD if Vietnamese are allowed entry? appeared first on Vietnam Business News.

Tourism maintains growth despite adversity Posted: 19 Aug 2014 08:21 PM PDT The tourism sector maintained good growth in the first seven months of 2014 despite a fall in the number of Chinese-spoken tourists, according to the National Administration of Tourism (VNAT) under the Ministry of Culture, Sports and Tourism. As of the end of July, the number of foreign arrivals to Vietnam rose by 15.6 percent […] The post Tourism maintains growth despite adversity appeared first on Vietnam Business News.

ANZ: Vietnam still faces challenges ahead Posted: 19 Aug 2014 08:20 PM PDT Although Moody's upgraded Vietnam's credit rating last month, ANZ Vietnam Bank said in its latest report that the nation still needs to do much more to unlock its full potential given challenges ahead. Moody's raised Vietnam's credit rating to B1 from B2 on July 29. This is the first upgrade after the country's downgrade in […] The post ANZ: Vietnam still faces challenges ahead appeared first on Vietnam Business News.

Metro Cash & Carry’s business performance questioned Posted: 19 Aug 2014 08:18 PM PDT Though revenue has increased by 24 times over the last 12 years and its network expanded to many areas, Metro Cash & Carry (MCC) has not paid any corporate income tax since the day it entered Vietnam in 2002. In March 2002, MCC officially joined the Vietnamese distribution market with the opening of its first […] The post Metro Cash & Carry's business performance questioned appeared first on Vietnam Business News.

Foreign investors keen on animal feed, seafood, livestock production Posted: 19 Aug 2014 08:17 PM PDT Foreign firms are showing huge interest in Vietnam's lucrative livestock production sector, the Vietnam Investment Review (VIR) reported. In early August 2014, the Philippines' Pilmico International Pte Ltd signed the papers on the purchase of 70 percent of the local firm Vinh Hoan 1 Feed JSC, under Vinh Hoan Corp, one of Vietnam's leading aquatic […] The post Foreign investors keen on animal feed, seafood, livestock production appeared first on Vietnam Business News.

Finance ministry says no need to worry about public debt, economists disagree Posted: 19 Aug 2014 08:16 PM PDT The Ministry of Finance (MOT) says that the public debt is not as alarming as economists repeatedly claim. One of the biggest problems, according to the economists, is that the country now has to get new loans to pay old debts. However, loans should be used to expand production, and money for debt payments should […] The post Finance ministry says no need to worry about public debt, economists disagree appeared first on Vietnam Business News.

Poor infrastructure holding back central provinces: Deputy PM Posted: 19 Aug 2014 08:15 PM PDT Central coastal provinces are, to a certain extent, trapped by underdevelopment and poverty as well as poor infrastructure and economic connections, Deputy Prime Minister Nguyen Xuan Phuc told the Central Region Economic Forum on Friday. “The central coastal region has plenty of potential to boost socio-economic development, but the infrastructure system, including road, airports and […] The post Poor infrastructure holding back central provinces: Deputy PM appeared first on Vietnam Business News.

Breweries in race to spur output Posted: 19 Aug 2014 08:07 PM PDT Though Vietnam produces billions of liters of beer a year, such volume does not seem sufficient as breweries have shown little sign of keeping local beer production and importation unchanged. Vietnam's beer market actually looks far from saturation since leading global beer brands are still entering the local market, making competition tougher. Market shares of […] The post Breweries in race to spur output appeared first on Vietnam Business News.

Vietnam exporters face more anti-dumping lawsuits as US considers new duties on steel Posted: 19 Aug 2014 08:05 PM PDT The number of commercial lawsuits against Vietnamese products is on the rise, with a wide range of products the subject of litigation, including steel, seafood, fiber, tires, footwear and plastic bags. After the US Department of Commerce (DOC) issued a preliminary decision on imposing countervailing and anti-subsidy duties of 24.22 percent and 111.47 percent, respectively, […] The post Vietnam exporters face more anti-dumping lawsuits as US considers new duties on steel appeared first on Vietnam Business News.

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