Auto imports plunge with tighter regulations, high tax

The number of automobiles imported into Vietnam has dropped precipitously since the implementation of stricter regulations and higher taxes on auto imports, according to the General Department of Customs.

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Japan, US agencies to sponsor major projects

The Japan International Cooperation Agency (JICA) and the US Agency for International Development (USAID) have agreed to jointly sponsor infrastructure development projects in Vietnam and other Southeast Asian Countries...

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July budget revenue up 21 percent

Vietnam State budget revenue rose by 21 percent year on year to over 51.5 trillion VND (roughly 2.53 billion USD) in July, reported the Ministry of Finance.

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VN supports nuclear non-proliferation

Vietnam persists in supporting efforts against proliferation of nuclear weapons and all other weapons of mass destruction towards full disarmament, said Ambassador Le Hoai Trung.

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Vietnamese, Lao government offices boost ties

The Vietnamese Government’s Office will provide its Lao counterpart with IT equipment and software for storing electronic files and conducting training courses, a Vietnamese Government official said.

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Vietnam's Petrolimex IPO oversubscribed, nets $20 mln

Petrolimex, Vietnam's top fuel importer and distributor, raised VND412.3 billion ($20.03 million) in its initial public offering on Thursday at an average price of VND15,032 a share, a shade over the starting price for...

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City eyes private investment in traffic infrastructure

HCM CITY — The HCM City Department of Transport has called on the private sector to invest in roads and bridges to ease the terrible congestion on the roads.

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The Law on Personal Income Tax (PIT) was drawn up by the Government in 2005 to replace the Ordinance on High Income Earners. It

HA NOI – The State Capital Investment Corp (SCIC) is looking to divest 281 enterprises and to sell the entire State stake in 170 local enterprises, corporation general director Lai Van Dao told a...

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Ministry considers changes to personal income tax

HA NOI — The Ministry of Finance is collecting public opinion on the rates of personal income taxes so that they can be adjusted to suit the current economic situation. The survey will be completed by the end of March.

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Wood industry urged to target local market

HA NOI — A wood export revenue target for 2011 of around US$4 billion is quite achievable, however, exporters are being advised to focus more on growing domestic demand in order to avoid the risk of rising input...

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China's GDP Growth Slows, But Remains Robust

China's economic growth remained strong in the third quarter, though the pace slowed from earlier this year. The government's primary concern - inflation - edged slightly higher, suggesting the world's second-largest...

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Asia Faces Rising Death Toll From Heavy Rains

Across Southeast Asia and southern China the damage from monsoon rains continues to rise. China's southern coast is bracing for powerful winds from a typhoon, while the Thai capital Bangkok prepares for weekend floods....

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