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Big-name foreign companies such as Adidas, Coca-Cola and PepsiCo are facing scrutiny from local tax authorities on transfer pricing possibility in Vietnam.
According to Deputy Prime Minister Vu Van Ninh, the Government will soon ask the National Assembly to reduce corporate income tax to below 25 percent.
Danish brewer Carlsberg has been given the all clear by Vietnamese authorities to increase its stake in Vietnamese brewer Habeco to 30 percent, a company spokesman told Reuters in Nov 2012.
As an experienced country in wind power development, Denmark was willing to share knowledge and technology with Vietnam and help tap the country’s huge potential for this form of renewable energy, said Danish minister of Climate, Energy and Building Martin Lidegaard.
Emirates Airline is among a growing number of major organisations that have seen the commercial potential of Vietnam, having successfully commenced flights last summer. Now, UAE-based investors are discovering the investment opportunities that the Vietnam capital markets offer.
Deputy PM Hoang Trung Hai approved to add US$39.1 million to the first phase of the Southern Coastal Corridor Project.
The Vietnam Glass and Ceramics Corporation (Viglacera) began construction of the Dong Mai Industrial Zone in Quang Yen town, in the northern province of Quang Ninh in November 2012.
Other investors could look to follow in Samsung’s foot steps, after the electronics giant received special incentives to expand its investments in Vietnam.
Some foreign-invested enterprises are worried about changes to investment incentive policies.
Amid rapidly changing consumption trends and product standardisation, Thai exporters must maintain brand loyalty in Vietnamese market, advise experts.
