Data theft

Amazon shakes hands with T&T Group and SHB to boost cross-border e-commerce in Vietnam At the cross-border e-commerce workshop titled “Reaching the ocean” early this month, US-backed Amazon Global Selling officially announced its partnership with T&T Group and local bank SHB. However, there have been few recent days when SHB's stock closed higher than it began – on the contrary, it has been falling significantly. As of the end of the session on December 9, SHB was at VND6,100 ($0.26), lower than the VND6,800 ($0.3) in late June. Forecasting dim prospects for SHB, Saigon-Hanoi Insurance Corporation divested all of its capital worth VND55 billion ($2.4 million) in July. As a result, the tie-up with SHB may not be enough to move forward Amazon’s plans in Vietnam. Amazon started carrying out cross-border e-commerce in the market a few months ago by supporting local SMEs in improving their export performance. Specifically, on October 16, Amazon Global … [Read more...] about Partnership with SHB may be little aid for Amazon in Vietnam

  Russian flags will not fly over the next two Olympic Games. — AFP/VNA Photo LAUSANNE — The World Anti-Doping Agency on Monday banned Russia for four years from major global sporting events including the 2020 Tokyo Olympics and the 2022 World Cup in Qatar over manipulated doping data. WADA's executive committee, meeting in Lausanne, handed Russia the "robust" four-year suspension after accusing Moscow of falsifying data from a doping testing laboratory that was handed over to investigators earlier this year. The toughest ever sanctions imposed on Russian state authorities will see government officials barred from attending any major events, while the country will lose the right to host, or even bid, for tournaments. "For too long, Russian doping has detracted from clean sport," WADA president Craig Reedie said. "Russia was afforded every opportunity to get its house in order and re-join the global anti-doping community for the good of its athletes and of the … [Read more...] about Russia banned from Olympics, World Cup over doping

Panel discussion on how Vietnamese enterprises need to prepare for changes in tax policy At the Tax and Law Symposium 2019, experts from EY Consulting Vietnam emphasised that apart from handling tax issues appropriately and reducing tax costs, enterprises also need to take care of potential risks of non-compliance, especially in a fast-growing digital business environment. A new Law on Tax Administration in 2019, recent proposals on the application of International Financial Reporting Standards (IFRS) in Vietnam, as well as previous decrees on e-invoices and transfer pricing all share the same goal of raising Vietnamese tax regulations to international standards in order to have a more effective system for both government authorities and taxpayers in tax administration, collection, and tax dispute resolution. These policies not only introduce new tax treatments such as e-commerce transactions, re-auditing, or the application of penalties but also propose new regulations of tax … [Read more...] about EY Consulting Vietnam: enterprises need to prepare for tax changes

Deputy Prime Minister Trinh Dinh Dung has approved of the plan to build the USD43m Lao Cai and Vinpearl Quang Nam golf courses. illustrative image Vinpearl Quang Nam Project is invested by Vinpearl Company. It will spread across Binh Minh and Binh Duong communes. The 70.35 ha golf course will have 18 holes and an investment of VND500bn. It will operate for 50 years. The project is expected to be completed in one year after the construction starts. Lao Cai Golf Project is invested by Fansipan Sa Pa Cable Car Services and Tourism Company in Ban Qua Commune. With an investment of VND550bn, it has 18 holes and covers 80 ha. It will operate for 70 years and is expected to complete in two years after construction starts. Lao Cai Golf Project was proposed by Lao Cai provincial authorities. Over 60 ha are forest land, 14.9ha is agricultural land and the rest are housing land. According to the Decision 1946 issued by the prime minister, forestland must not be used to build golf courses. … [Read more...] about Lao Cai and Quang Nam golf course projects approved

New role created in response to increased demand for trusted news in turbulent geopolitical environment.LONDON, UK/NEW YORK, US - Media OutReach - 10 December 2019 - Refinitiv has appointed Richard Mably as Head of News Performance to enhance the value of Refinitiv's extensive news coverage to help power and advance the financial community. Refinitiv is the largest distributor of news to the global financial community, with more news sources than any other provider and over 40,000 customers in approximately 190 countries.The appointment will enhance Refinitiv's role as a distributor of trusted news to the global financial community. Richard will bring his extensive editorial experience to Refinitiv, with a remit to identify and invest in the most valuable news to customers. Richard has extensive journalistic and editorial experience across some of the world's leading news agencies, with 25 years at Reuters across a number of roles, including EMEA … [Read more...] about Refinitiv appoints news industry veteran as Head of News Performance