VIETNAM CHAMBER OF COMMERCE AND INDUSTRY
Liên Đoàn Thương Mại Và Công Nghiệp Việt Nam
- For PVEP / PVN Exploration & Production Risk Fund: PVEP / PVN shall be allowed to deduct up to 30% of PVEP / PVN's profit after tax (extracted from PVEP / PVN used for all PVEP / PVN exploration projects. (explained in item 1 of the attached appendix). - Allocation of Petroleum Projects costs: To permit PVN to approve...
The Van Xuan Joint Stock Company (hereinafter referred to as Van Xuan Company) which has been approved by the State to lease land for use as a head office, maintenance, overhaul and rehabilitation of motorcycles and traffic equipment. and processing mechanical products in accordance with Decision No. 5749 / QD-UBND dated 29 September 2003 and signed the land lease contract...
Strengthening responsibilities of tax authorities in answering tax questions of taxpayers: tax authorities should respond frankly about the interests of taxpayers to taxpayers so as to taxpayers can apply tax policy properly. Fine of late tax payment /fine of tax: There are not any fine / fees of late tax payment if corporates are the re-audited / re-examined.tax
- The lack of responsibility of the customs and tax authorities caused unforeseen financial damage to enterprises (different opinions on the classification of HS codes, the requirement for payment of tax fees late and administrative penalties due to new guidelines for tax incentives. - Imposing and enforcement are a feeling of businesses when dealing with the customs authorities (the customs...
The new land law and the documents related to land acquisition and calculation of land prices are complicated and be lack of practicality. Compensation prices sometimes not close to the reality. The State should have policies and the promulgation of reasonable compensation land prices that close to the reality as well as have the reasonable resettlement.
After 1 year implementation of the Resolution No. 35/2016 / NQ-CP dated June 15, 2016 of the Government on supporting and developing enterprises by 2020. Objectives of the Resolution are supporting and creating a favorable business investment environment for business development and becomes the driving force of the economy as a necessary condition; the Resolution is quite practical and create...
- Although the Government issued the Resolution No. 15 / NQ-CP dated March 6, 2014, Decision No. 51 / QD / 2014 / QD-TTg dated 15 September 2014, Decree No. 91/2015 / ND -CP 13/10/2015 to remove and accelerate the divestment of state-owned enterprises. However, the divestment of inefficient units with transaction prices that be lower par value still faces...
+ There are measures to regulate and control the supply of the transport, to limit the overload that causes unbalance of the supply and demand of the domestic aviation market and causes pressures on the infrastructure of the terminal, airport as well as regional traffic around the major airports. Overloading will cause unhealthy competition and reduce the economic efficiency of...
The government has a specific tax policy to support contractors to ensure increased price competitiveness while bidding. To set up a mechanism for the parent company which is a state-owned enterprise (or has a state capital of over 50%) to be guaranteed to its subsidiary when participation of international bidding. Many tender packages require large capital, high requirements on guarantee...
- There is no specific regulation on the management cost of the general contractor for construction and installation, general contractor EPC of the general contractor / general contractor EPC, so in some projects, the investor and general contractor always have disagreement. - There are no specific regulations on how to estimate the movement of construction work force, so each investor...
- Lack of investment capital: Since the shareholders do not contribute capital as the original commitment, investors are lack of investment capital and credit institutions do not disburse to the project due to investors are lack of reciprocal capital - The selling price of electricity to Vietnam is calculated on the basis of total investment. However, the determination of the...
Recommendation on the payment of VAT: When the investor pays the loan, the bank only accepts the pre-tax payment, while the payment is made from the investor's capital. However, many investors do not pay this value promptly while the contractors have to pay VAT immediately after issuing the financial invoice (for example, the Tuyen Quang Hydropower Project, the investor has...
The contractor issues 100% of the acceptance value, the investor pays 92% of the completed acceptance value (92% of the issued invoice value), retain 8%, (wait for payment 5%, and wait for BH 3%). With a large-scale project such as Son La hydroelectric and Lai Chau hydropower plants under the specific mechanism retention rate of only 3%, but the total...
At present, the Song Da Corporation is directly managing and operating two BOT projects, which are namely Ngang Pass Tunnel Project and Ha Tinh Highway Project. In the process of exploiting and operating these roads, investors have encountered many difficulties from the opposition of the local people, causing the loss of security and traffic safety. This will have potential risks...
Recommendation on problems of the investment project in expansion of the road tunnel through Ngang Pass in the form of PPP: The project has been approved by the Government’s Prime Minister of investment policy in the Official Document No 1654 / TTg-KTN dated September 15, 2015 and Document No. 159 / TTg-KTN dated January 27 2016; The Ministry of Transport...
