India transfer pricing

  Passengers at Hà Nội's Nội Bài Airport. Airports often suffer overloading due to increasing travel demand during the Tết holiday. — Photo vietnamnet.vn HÀ NỘI — Prices of air tickets for the upcoming Tết (Lunar New year) will be tightly controlled by the Civil Aviation Administration of Việt Nam (CAAV). The CAAV has just set up a special committee to supervise the increase of air ticket prices, dealing with violations, and enhancing security at airports. The committee, headed by director Đinh Việt Thắng, will instruct airport authorities in northern, central and southern regions to enhance the supervision and monitoring of aviation safety and security, as well as services in airports.   The airport authorities should provide people with information about flights to reduce numbers of those visiting airports to welcome or see off relatives and friends, especially at … [Read more...] about Prices of air tickets for Tết to be strictly controlled: CAAV

Swedish Ambassador to Vietnam Madam Ann Måwe Both countries celebrated 50 years of diplomatic ties on January 11. On the occasion, VOV talks with Madam Måwe about the history of the bilateral relations and cooperation plans for her 4-year term. Reporter: 2019 is an important year for Vietnam and Sweden - the 50th anniversary of their diplomatic relations. Activities have been organized throughout the year, including cultural exchanges and visits such as the visit to Vietnam by Crown Princess Victoria and a delegation of Swedish business leaders in early May. What do these events say about the state of bilateral ties? Ambassador: Regarding the visit of our Crown Princess, this is really a proof of the importance we attach to our bilateral relationship. She is a very important representative of all of Sweden. Another important highlight was the visit of your Prime Minister to Sweden in the summer with a huge business delegation as well. For me, I came here in the year … [Read more...] about Sweden to work closely with Vietnam on complex issues: Swedish Ambassador

A hydropower plant of Chaleun Sekong Group in Laos HAGL has released information to put 248 million shares in Hoang Anh Gia Lai Hydro Power JSC, equaling 99.4 per cent stake, on sale. This movement shows the withdrawal from ineffective business and investment sectors in order to focus on the agricultural sector. Previously, in its financial statement for the second quarter of this year, HAGL reported that Chaleun Sekong Group from Laos signed a contract to buy Nam Kong 2 and Nam Kong 3 hydropower plants owned by Hoang Anh Gia Lai Hydro Power for VND2.53 trillion ($110 million). So far, Chaleun Sekong completed the payment of VND2.25 trillion ($97.83 million). It is not the first time that HAGL divested a hydropower project. In mid-2016, the group sold six hydropower plants to Bitexco Group for VND2.1 trillion ($91.3 million). The move to withdraw from the two above plants marks the end of HAGL's journey in the hydropower sector. Besides, in order to mobilise investment capital for … [Read more...] about Chaleun Sekong Group acquires two hydro power plants of HAGL

Tran Thanh Hai, deputy director of the Agency of Foreign Trade under the Ministry of Industry and Trade, said policies to encourage export-oriented foreign investments have created favorable conditions for Vietnam to access and expand its markets in the world and enhance its competitive edge, thereby helping the country participate in and improve its position in the global value chain. In 2001, exports of the FDI sector accounted for 45.2 percent of Vietnam’s total export turnover, including crude oil. The proportion has increased gradually over the years, reaching 57.2 percent in 2007 and 71.4 percent in 2018. The domestic sector has also made great contributions to export growth. In recent years, domestic businesses have recorded a rise in their exports at a rate higher than the export growth rate of FDI companies. Specifically, domestic sector exports reached US$69.7 billion in 2018, an increase of 16.8 percent compared to a year ago. In the first nine months of 2019, the … [Read more...] about Vietnam promotes the role of FDI companies in country’s exports

Car sales in Vietnam have been forecasted to hit the record high of 400,000 by the end of this year. According to the Vietnam Automobile Manufacturers’ Association (VAMA), in November, the association members sold 289,128 cars. Meanwhile, TC Motor sold alone 70,802 cars between January and November, raising the total car sales during the 11-month period in the Vietnamese market to 359,930 compared to 352, 209 of last year’s same phase.   By late December, car sales would climb to nearly 400,000, including Vinfast and Mercedes-Benz, the record high so far. In the first 11 months of this year, Hyundai topped the country’s car sales of 70,802, followed by Toyota with 70,633, Honda with 30,113, Mazda with 29,498, Ford with 29,080 and Kia with 26,900. This is seen as a successful year for Mitsubishi with 26,765 cars sold during the period, ranking the 7th in the market and six times higher than that of 2018. Of the figure, 17,306 were Xpander model. Despite … [Read more...] about Car sales in Vietnam forecasted to reach 400,000 this year