Making a suggestion to the Ministry of Finance’s plan to increase sources of revenue, the HCM City People’s Committee proposed levying a luxury tax on mobile phones, cosmetics and perfume. “If the idea comes true, Vietnam will become the first country in the world to impose a luxury tax on mobile phones,” one commenter said on an Internet forum. Nguyen Thanh Binh from the Ministry of Planning and Investment’s (MPI) Institute for Policies and Development also said the idea needs thorough consideration, saying that this taxation is not applied in developed or developing countries, or countries in Southeast Asia. Truong Ba Tuan, head of the Institute of Information Policy Strategy, said that South Africa imposes a luxury tax on mobile phones, but the policy faces strong opposition. As for cosmetics, Tuan said, luxury taxes are applied in some countries, including Thailand and Indonesia, while most developed countries don’t tax products. SCT, by nature, … [Read more...] about Will mobile phones bear a luxury tax?
Donating a car tax deduction
The Hanoitimes - Vietnam is an increasingly important business destination and access to high end transport has been an untapped market potential. A representative of Enterprise Rent-A-Car Vietnam said the country’s rental car market remains huge but the service is inadequate, citing it as a reason for the US largest car rental provider Enterprise Holding to open its business in Vietnam. Illustrative photo. The representative told local media that the Vietnamese market is on the rise, thanks to strong growth momentum of foreign direct investment in at least 10 years, leading to an increasing influx of expats. Moreover, Vietnam’s middle class, especially the young generation has new lifestyle, for which they now focus on the quality of life and experience by renting a car, instead of spending a fortune to buy a luxury car. On November 29, Enterprise Holding announced that its Enterprise Rent-A-Car brand is now available for the first time in … [Read more...] about Vietnam’s car rental market potential remains huge: Enterprise Rent-A-Car
Enterprise Rent-A-Car and MP Executives have officially introduced car rental services in Vietnam on November 29. Enterprise Rent-A-Car and MP Executives introduced car rental services in Vietnam Enterprise Rent-A-Car is a US company with USD22bn in annual revenues. The car rental services in Viet Nam and Asia are licensed to MP Executives-a subsidiary of MP Group. Their targeted customers are multinational companies working in Vietnam. MP Executives also started a similar service previously with 80 percent of the customers are companies. Individual customers must hire a driver. Enterprise Rent-A-Car and MP Executive are considering to allow individual customers to drive the cars on their own and launch a car-renting mobile app and website with listed prices for each type of car. Dang Minh Phuong, MP Logistics, said Vietnam was an important market. There are four major car-renting firms in the world including Enterprise Rent-A-Car, Hertz Global Holdings, Avis Budget … [Read more...] about Enterprise Rent-A-Car enters Vietnamese market
By Ba Do  November 4, 2018 | 03:13 pm GMT+7 The car when salvaged off the river. Photo by VnExpress/Son Tuyen A man still had his hands on the steering when a car was fished out of the Red River in Hanoi Saturday morning. It took the rescue team five hours to locate the car at the bottom of the Red River. The car was found near the pier of Chuong Duong Dridge at 1:30 a.m. Saturday. Many boats helped with the salvage operation. The rescue team had to cut the car open in order to get the victims out. “There were two people in the car, one woman and one man with his hands still on the wheel. They have not been identified yet,” a Long Bien District police officer told VnExpress. The damaged guard rail has been repaired. Photo by VnExpress/Phuong Son The car was heavily damaged in the front and at the back. It appears that at 7:30 p.m. on Friday, the car had crashed through the guard rails of Chuong Duong Bridge and plunged to the bottom of the Red … [Read more...] about Couple in a car fished out of Hanoi river
Viet Nam News Football MILAN — Serie A club Chievo have been deducted three points and fined 200,000 euros (US$232,000) for false accounting, the Italian Football Association (FIGC) announced on Thursday. The FIGC’s sports tribunal found Chievo guilty of adding around 27 million euros to the real transfer fees of promising young players from Italian lower-league club Cesena between 2015 and 2018. Club president Luca Campedelli has been banned for three months with four advisors also suspended for six weeks. The Verona club had been accused of using their player dealings with Cesena to create a false profit for both clubs and allow them to satisfy the conditions for registering in their respective divisions. Chievo played in Serie A in all the seasons involved. The penalty falls short of the 15-point deduction requested by prosecutors, and 36 months suspension against Campedelli. The FIGC said in a statement that the disciplinary tribunal "accepted the referral of the … [Read more...] about Serie A club Chievo deducted three points, fined for false accounting