Government
Budget
New transfer pricing decree: a step closer to international standards
On February 24, 2017, the Vietnamese government released the new transfer pricing Decree No. 20/2017/ND-CP ‘Providing tax administration applicable to enterprises having controlled transactions’ (Decree 20), which will take effect from May 1, 2017. Decree 20 replaces the existing TP regulations (Circular No.66/2010/TT-BTC) and provides new ...
Companies keen to develop Vientiane-Pakxe expressway project
Nineteen domestic and foreign companies have expressed their interest in developing the planned Vientiane-Pakxe expressway, a senior government official has said. The Ministry of Planning and Investment recently called for local and foreign investors to apply for participation in the mega project by submitting an ...
Officials told to submit airport plan
Deputy Prime Minister Trịnh Đình Dũng has urged the ministries of Transport and Defence to finalise a plan to expand Tân Sơn Nhất International Airport in HCM City and report to the Government next week. The Airport Design and Construction Consultancy One Member Ltd Company ...
New decision aims to enhance project implementation and costings
A new draft Prime Ministerial Decision plans to make all government investment project costs and technical specification estimations subject to Ministry of Public Works oversight. According to the draft decision, only the relevant authority within the Ministry of Public Works and Transport will be able ...
Ministry needs to strive further in cooperation efforts
Despite the significant achievements which have been made in international cooperation, the Ministry of Information, Culture and Tourism needs to exert greater efforts in furthering its diplomatic endeavours. This was the call made at a meeting of the ministry held last Friday to review its ...
North-South highway plan adjusted
The Ministry of Transport has decided to adjust its construction plan for the North-South Expressway linking Hà Nội and HCM City due to a funding shortfall. Phạm Hữu Sơn, director general of Transport Engineering Design Inc, the project’s consultant, said previously the MoT had set ...
Phuket awaits Russian, Chinese rebound
Russian and Chinese tourist arrivals to Phuket are expected to rebound this year thanks to improving tourism sentiment, says hospitality market researcher and consultant C9 Hotelworks Co. Managing director Bill Barnett said Russian tourists are starting to return to a normal level while Chinese travellers are ...
Laos makes strides in monitoring state affairs
Officials who carry out inspections need to be more competent so they can be relied upon to capably implement their political duties and ensure a successful outcome. This fact was highlighted by the Party and government in a document listing the lessons learnt from past ...
Elections now promised for 2018
National elections will take place in February of next year, Deputy Prime Minister Wissanu Krea-ngam said on Wednesday, confirming fears a vote the military had promised for 2017 will be once again postponed. “One year from today, there’ll be elections”, Deputy Prime Minister Wissanu Krea-ngam ...
Schools to subsidise textbooks in budget drive
The Education Ministry plans to change its policy, from giving away textbooks to students to lending them next academic year, to save money. At present, the ministry spends around five billion baht a year buying textbooks for eight million students at primary and secondary levels ...
