Agro-forestry-fishery exports generate 25.7 billion USD in 8 months The agro-forestry-fishery sector raked in 3.13 billion USD from exports in August, raising the total value in the first eight months of this year to 25.7 billion USD, up 7.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development, the best performers in the period included rice, fruit and vegetables, key forestry products and seafood. Exports to major markets like the Association of Southeast Asian Nations (ASEAN), the Republic of Korea (RoK), China, the US and Japan increased significantly over the past eight months. The country exported about 4.4 million tonnes of rice worth 2.2 million USD between January-August, up 6.8 percent in volume and 22.1 percent in value from the same period last year. In August alone, 441,000 tonnes valued at 209 million USD was shipped abroad. China remained Vietnam’s largest rice importer, making up 24.7 percent of the market … [Read more...] about BUSINESS NEWS IN BRIEF 2/9
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Hanoi shames over 300 tax defaulters Hanoi Tax Department has publicly named 331 firms who owning taxes and land rental fees valued at VND2.48trn (USD107m). 12 firms own over VND546bn (USD23.60m) in taxes, of which Lilama Hanoi owns VND111bn and Mecomic JSC owns VND60bn. 16 firms own nearly VND1.30trn (USD56.25m) in land rental fees. Lung Do 5 Development and Investment JSC leads the list with VND342bn, followed by Hoang Ha Construction JSC with VND158bn and CT Vietnam International JSC with VND122bn. Lilama Hanoi also owns VND67bn in land rental fees. The authorities have applied various measures including withdrawing the fees from the companies' accounts but have still been unable to recover the tax arrears. Since early 2018, Hanoi Tax Department has publicly named 690 companies that still owe tax arrears. As of now, 198 companies have paid nearly VND47.60bn (USD2m) of the VND1.47trn. The department has warned the firms to pay their taxes before stricter measures are applied. Shrimp … [Read more...] about BUSINESS IN BRIEF 13/7
Thousands of completely built-up (CBU) cars imported from the ASEAN and enjoying tariff exemption have arrived to Vietnamese seaports, while domestic automobile manufacturer Toyota Motor Vietnam has just expanded its local factory. Will TMV reduce the price of Toyota vehicles to compete with tax-exempt imports? There are 300 Honda cars in this container alone A cargo ship carrying thousands of CBU cars imported from Thailand has arrived at Haiphong Port several days ago, carrying Honda, Chevrolet, Ford, and Nissan vehicles, according to dantri.com.vn. An officer at Haiphong Port told that this cargo ship came from Thailand and could carry around 4,000 vehicles. In late June, another cargo ship from Indonesia will arrive, carrying Toyota vehicles among others. Thus, after a spell of quiet, tax-exempt imported cars from Thailand are flowing into Vietnam, matching consumers’ “thirst” for cars. Honda dealers sign contracts with customers and agree to handover … [Read more...] about Will Toyota drop prices to take on imported competition?
0 of 30 Adam Glanzman/Getty Images We're more than two months from the July 31 non-waiver MLB trade deadline. Still, we can gaze ahead and extrapolate which teams will be buyers and which will be sellers when that fateful cutoff arrives. Let's examine all 30 clubs based on standings, organizational direction and a dash of gut feeling, keeping in mind that statuses can and will shift between now and late July. 1 of 30 Predicted status: Buyer With the defending division champion Los Angeles Dodgers scuffling, the Arizona Diamondbacks entered play Tuesday just a half-game behind the Colorado Rockies for the NL West lead. Center fielder A.J. Pollock is on the disabled list with a fractured thumb and right fielder Steven Souza Jr. (strained right pectoral) joined him Tuesday, per AZCentral.com. The offense ranks No. 28 with 178 runs scored. If the D-backs want to acquire an impact bat, they'd likely have to part with high-upside right-hander Jon Duplantier or polished college … [Read more...] about Playing Buyer or Seller with All 30 MLB Teams in Late May
Powerhouse Japan reclaimed the Asian Junior 19-Under Women’s Softball Championship with a masterful 4-0 rout of Chinese Taipei in their winner-take-all match at the Clark International Sports Complex in Pampanga on Saturday. Yuki Masuda yielded two hits and fanned out five batters in a no-relief job while the rest peppered pitchers Yu Ling Pan and Ya Ting with 10 hits to underscore the Japanese dominance of last year’s champions. “My players played good and Yuki (Masuda) excellently manned the mound,” said coach Yosuke Sato through an interpreter, whose wards completed a sweep of the weeklong tournament organized by Softball Confederation Asia in partnership with the Amateur Softball Association of the Philippines (ASAPHIL), supported by the Philippine Sports Commission and Philippine Olympic Committee. Chinese Taipei staged a last ditch stand in the seventh inning but Masuda retired Chi Hsuan Yen, Chia Hui Ko and southpaw Jia Ling Yu to preserve the lead and … [Read more...] about Japan crushes Taiwan, bags Asian Jr softball crown