The Business Times: Enterprises relish low corporate income tax

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• Enterprises relish low corporate income tax
• Growth, inflation under control: PM
• Banks report strong liquidity ahead of Tet
• Foreign-invested industrial zones thriving in Vietnam
• SBV proposes $2.3b package for real estate revival
• Abbott denies nutrition drink monopoly
• New rule sparks fall in shares
• EU may recognize VN as market economy
• Saigontourist to go public
• Shopping malls: small investments can bring big profits

Enterprises relish low corporate income tax Posted: 02 Feb 2015 07:16 PM PST A recently-released World Bank report showed that Vietnam's effective corporate income tax rate (CIT) stands at 15.7 percent, proving to be more attractive than Singapore (17 percent), Indonesia (16.7 percent), Thailand (17.9 percent) and Malaysia (21 percent). "This reflects that Vietnam is giving tax incentives to businesses," said the Doing Business 2015 report as quoted […] The post Enterprises relish low corporate income tax appeared first on Vietnam Business News.

Growth, inflation under control: PM Posted: 02 Feb 2015 07:14 PM PST Prime Minister Nguyen Tan Dung has assured the nation that Viet Nam’s gross domestic product (GDP) and inflation are still under control and are expected to hit their targeted 6.2 per cent and 5 per cent for 2015. During the monthly meeting of Government in Ha Noi yesterday, he pressed for additional solutions to stabilise […] The post Growth, inflation under control: PM appeared first on Vietnam Business News.

Banks report strong liquidity ahead of Tet Posted: 02 Feb 2015 07:11 PM PST Commercial banks said that 2015’s Tet (Lunar New Year) festival has been the most easy so far, in terms of liquidity, and even though it is around the corner, according to Dau Tu Chung Khoan. Previously, banks had been concerned about liquidity during Tet, the country’s largest holiday, which will be celebrated in the middle […] The post Banks report strong liquidity ahead of Tet appeared first on Vietnam Business News.

Foreign-invested industrial zones thriving in Vietnam Posted: 02 Feb 2015 07:11 PM PST The major difference between Vietnamese-owned and foreign-invested industrial zones (IZs) is that the former aim to lease land to businesses, while the latter, which have had great success, want to provide industrial infrastructure, as required by investors. The Long Duc IZ in Dong Nai province is considered a typical example of success in terms of […] The post Foreign-invested industrial zones thriving in Vietnam appeared first on Vietnam Business News.

SBV proposes $2.3b package for real estate revival Posted: 02 Feb 2015 07:09 PM PST The State Bank of Viet Nam has submitted a credit package worth of VND50 trillion (US$2.3 billion) to support the local commercial housing market during its recovery period. The announcement about the package being submitted to the Government was made by an official of the Ministry of Construction last week at a seminar in HCM […] The post SBV proposes $2.3b package for real estate revival appeared first on Vietnam Business News.

Abbott denies nutrition drink monopoly Posted: 02 Feb 2015 07:09 PM PST Abbott Nutrition Vietnam, a subsidiary of one of the world's largest healthcare companies, has denied allegations that it has been holding a monopoly in distributing a certain type of liquid milk in Vietnam. The firm's Public Affairs director, Do Thai Vuong, said that 3A Nutrition – the exclusive importer and distributor of milk products for […] The post Abbott denies nutrition drink monopoly appeared first on Vietnam Business News.

New rule sparks fall in shares Posted: 02 Feb 2015 07:05 PM PST Banking shares were the most influential group of stocks in the market last week due to the impact of the regulation, Circular 36. Trading by foreign investors was also notable, as they shifted to become net buyers. On the HCM Stock Exchange, the VN-Index fell over 1 per cent to 576.07 points, while the HNX-Index […] The post New rule sparks fall in shares appeared first on Vietnam Business News.

EU may recognize VN as market economy Posted: 02 Feb 2015 07:05 PM PST The European Union (EU) expects it and Vietnam can soon conclude negotiations over a free trade agreement (FTA), and this will make it possible for the EU to recognize Vietnam as a market economy, said the Ambassador and Head of the EU Delegation to Vietnam. Speaking to the Daily at a press conference on the […] The post EU may recognize VN as market economy appeared first on Vietnam Business News.

Saigontourist to go public Posted: 02 Feb 2015 07:04 PM PST Saigontourist Holding Company and Saigontourist Travel Service Company are preparing procedures for equitization this year. Tran Hung Viet, general director of Saigontourist Holding Company, unveiled the equitization plans at a review meeting in HCMC yesterday. Saigontourist served more than 2.15 million tourists last year, up 6.8% compared to 2013. The company's revenue rose 7.1% to […] The post Saigontourist to go public appeared first on Vietnam Business News.

Shopping malls: small investments can bring big profits Posted: 02 Feb 2015 07:04 PM PST Big fortunes can be made through small investments, and this is  especially true in the distribution sector. Nearly 200 kiosks on the ground floor of Saigon Square 3 shopping mall, for example, are fully occupied. A merchant there told reporters that there are three kinds of fees merchants will have to pay: fixed rent (VND […] The post Shopping malls: small investments can bring big profits appeared first on Vietnam Business News.

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