Uk amends tax strategy publication requirement

Minister meets innovators in Germany      Minister of Planning and Investment Nguyen Chi Dung (second from the right) meets German executives.   Minister of Planning and Investment Nguyen Chi Dung is learning about scientific research, technological innovation and personnel training in leading German corporations during his ongoing Germany visit at the invitation of German Federal Minister for Economic Affairs and Energy Peter Altmaier. The Vietnamese delegation has visited a Siemens gas turbine factory, the SAP software company and the Fraunhofer Institute for Applied Optics and Precision Engineering. Minister Dung expressed his wish that Siemens, SAP and Fraunhofer would invest more in Viet Nam by building solar panels and wind turbine plants to meet energy demand in the country and ASEAN, building new research and lab centres in Hoa Lac Hi-tech park. Leaders of Siemens, SAP and Fraunhofer expressed their interest in the Vietnamese market, saying they have … [Read more...] about BUSINESS NEWS IN BRIEF 22/3

Yeah1 plans to issue shares to raise charter capital      Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The share issuance will help Yeah1 triple its charter capital to VND938 billion (US$41.2 million) from its current VND312 billion. The value of the deal is nearly VND625.6 billion and the share issuance funding is taken from the company’s share premium recorded in its audited financial report for 2018. As of September 30, Yeah1 had VND1.13 trillion in its share premium and VND73 billion in undistributed post-tax profit. In the first nine months of the year, Yeah1 recorded VND1.03 trillion in revenue, up 111 per cent over the same period last year, and VND131.2 billion in post-tax profit, up 239 per cent. Yeah1 … [Read more...] about BUSINESS NEWS IN BRIEF 18/12

Conference seeks ways to boost Vietnam - Barcelona business connection A trade conference connecting firms of Vietnam and Spain’s Barcelona region was held in Hanoi on November 12. The event, jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Port of Barcelona, created a chance for businesses of the two sides to meet and seek cooperation. According to the VCCI, investors from Spain have paid increasing attention to Vietnam with their strengths in renewable energy, infrastructure, tourism, high technology, construction and architecture. Vietnam is Spain’s leading trade partner among the ASEAN countries. In the past 10 years, two-way trade increased 15 percent a year, hitting over 3 billion USD in 2017. The two sides aim to lift the figure to 5 billion USD by 2020. VCCI Vice Chairman Hoang Quang Phong said the countries’ achievements over the years are remarkable but still modest. Hence, Vietnam welcomes businesses from Barcelona to explore its … [Read more...] about BUSINESS NEWS IN BRIEF 14/11