03:20 (GMT +7) - Tuesday 23/10/2018


January 4

Released at: 10:51, 04/01/2018 PRESS WATCH

January 4

VET's round-up of news from Vietnamese media for January 4.

PV Gas up for additional tax payments

The PetroVietnam Gas Joint Stock Corporation (PV Gas) will have to pay VND106 billion ($4.67 million) in tax arrears, including missed tax payments and a resulting fine. Due to different interpretations of existing taxation regulations by local authorities and PV Gas, the inspection team at the General Department of Taxation recalculated the total taxes PV Gas must pay, which come to VND82.6 billion ($3.64 million).

Disquiet over Tet bonuses

Around one-quarter of workers participating in a survey conducted by executive recruitment service provider Navigos Search said they would quit their jobs if they do not receive bonuses for the upcoming Lunar New Year holiday (Tet). More than 1,800 employees and 400 human resources experts from enterprises completed the survey on welfare and Tet bonuses. Most preferred their Tet bonus be decided on based on the business performance of their enterprise or individual performance or be one month’s pay. Most are not satisfied with their Tet bonuses.

Government to borrow $16 billion

The government has decided to borrow more than VND363.2 trillion ($15.9 billion) to finance the State budget deficit and pay debts this year, citing a resolution on State budget estimates for 2018. The sum includes VND206.1 trillion ($9.08 billion) in loans to fund the budget deficit and other loans totaling VND157.1 trillion ($6.92 billion) to pay loan principals.

PetroVietnam finally has new Chairman

Prime Minister Nguyen Xuan Phuc attended a ceremony on January 3 announcing the appointment of Mr. Tran Sy Thanh, Secretary of the Lang Son Party Committee, as Chairman of the State-owned National Oil and Gas Group (PetroVietnam), after the post was left vacant for a year.

Deputy PM: Everyone responsible for traffic safety

Deputy Prime Minister Truong Hoa Binh called on the entire community to take responsibility in ensuring traffic safety for children while addressing a teleconference reviewing the Traffic Safety Year 2017 in Hanoi. Deputy Prime Minister Binh, who is also Chairman of the National Traffic Safety Committee, noted the fact that road traffic accidents ranked among the leading causes of child deaths in 2017. The Traffic Safety Year 2018 has set a target of a 10 per cent decline in the number of children injured or killed in road accidents.

Hanoi establishes Ngoc Hoa Industrial Complex

The Hanoi People’s Committee has issued a decision establishing the Ngoc Hoa Industrial Complex in Ngoc Hoa commune, Chuong My district. The project is invested by the Chuong My District Project Management Board on an area of 12.66 ha and will develop handicrafts, metallurgy, agro-forestry product processing, construction materials, textiles, and other products in the handicraft village industry.

Viettel’s 2017 profit up 12%

The military-run telecom group Viettel posted profit of around VND44 trillion (nearly $2 billion) last year, up 12 per cent against 2016. Viettel announced that total revenue reached VND250.8 trillion ($11.05 billion), up 9.4 per cent, and it contributed VND41.1 trillion ($1.81 billion) to the State budget, up 2.3 per cent. The group targets total revenues of VND277 trillion ($12.2 billion) this year, an increase of 10.5 per cent from 2017, and expects profit to rise 3.2 per cent to VND45.5 trillion ($2 billion).

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