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A Petrolimex gas station in Hanoi The Finance Ministry has found that major Vietnamese importers of oil products made smaller losses than they previously reported. Petrolimex, the largest fuel trader with a market share of around 60 percent, had reported losses of VND1.8 trillion (US$85.7 million) in the first six months....

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  Sixteen former Vinashin officials and three government ministries implicated in the company’s financial debacle A ship assembled by the Vietnam Shipbuilding Industry Group (Vinashin)’s Ha Long Ship Building Company in the northern Quang Ninh Province. Three government...

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Polish diplomat visits Vietnam; Finance Ministry to tighten control over market prices; President Triet welcomes RoK investors; Deputy PM Nhan visits Russia; NA Standing Committee to meet next week Polish diplomat visits Vietnam  Vietnam is an important partner of Poland in Asia, says Polish Deputy Foreign Minister Pawel Wojciechowski.Wojciechowski ...

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The Government Office has announced the PM’s opinion on auditing results of the SCIC, in which the PM requested the Finance Ministry and SCIC learn from their mistakes.  Former Jetstar Pacific’s General Director arrestedJetstar Pacific’s former head opens up< /> Former Jetstar Pacific’s General Director banned...

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Bui Dang Dung, a member of the NA Committee for Finance and Budget, spoke to Investment newspaper about why the NA had declined to vote on draft VAT . . . The main reason was because the Finance Ministry wants to reduce value added tax and corporate income tax for firms that invest in building hostels and houses for students, workers and low-income...

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VnnNews – Vietnam’s car dealers are perplexed by a newly-promulgated import tariff on used cars that seems to roll back the rates to 2006 levels. Circular #216 signed by Deputy Minister of Finance Do Hoang Anh Tuan on November 12 says that beginning January 1, 2010, ‘passenger-carrying vehicles with less than 15 seats’...

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The biggest obstacle to reform of tax and customs procedures is the self-interest of tax and customs officers, says a senior official of the Finance Ministry. Photo: vietnamlink.vn   Are low gov’t wages the cause of ‘bureaucratic’ behavior? Readers share their frustration with red tape, propose solutions <...

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