Foreign firms' need to be careful of what activities constitute as having a permanent establishment in Vietnam Meanwhile, the tax authorities in many countries are paying increased attention to and have aggressive policies on issues related to Permanent Establishment (PE), especially since the release of the Base Erosion and Profit Shifting (BEPS) Action Plan by Organisation for Economic Cooperation and Development (OECD) in 2015. Therefore, one of the potential common tax exposures that international and global enterprises encounter in their normal course of business, is the situation in which an unintended “taxable presence,” for example, PE, is created in a jurisdiction. PE might be created through the business activities of corporations in the host countries and they are not easy to recognise in some circumstances. Consequently, failure in managing PE risks when doing cross-border business might result in unexpected negative impact on the tax position and worldwide … [Read more...] about Having a permanent establishment in Vietnam could cost a pretty penny
Actions to take following a risk assessment
The Hanoitimes - Today`s renewable energy technology is more reliable and cheaper than fossil fuels, especially when considering important aspects such as climate change, environmental and health protection. Many events related to renewable energy have been held in Vietnam to find solutions to promote renewable energy and raise public awareness of the benefits of renewable energy as the country is seeking alternative energy sources and fighting environmental pollution. On August 21, the Vietnam Sustainable Energy Alliance (VSEA) and the Climate Change Working Group (CCWG) opened the Vietnam Renewable Energy Week 2018. This event kicked off a series of activities that will take place from August 21 to 26 in three major cities namely Hanoi, Ho Chi Minh City and Can Tho. The opening ceremony of the Vietnam Renewable Energy Week 2018 The goal of the Vietnam Renewable Energy Week 2018 is to create a forum for related partners to promote renewable energy, raise public … [Read more...] about Many events to take place around Vietnam Renewable Energy Week 2018
(VEN) - The vast majority of business firms in Vietnam would like to take part in the Fourth Industrial Revolution, but have not yet taken steps to prepare for it. These were the key findings of an extensive survey conducted by the Ministry of Industry and Trade and presented at the Industry 4.0 Summit and Expo 2018 in Hanoi on July 12-13. Prime Minister Nguyen Xuan Phuc (second from the left) visits Viettel’s booth at Industry 4.0 Summit and Expo 2018 Clear objectives needed At the event, themed “Vision and development strategy in the fourth industrial revolution”, Prime Minister (PM) Nguyen Xuan Phuc expressed his belief that Industry 4.0 would create opportunities for businesses to realize their aspirations. To assess business readiness for Industry 4.0, from September 2017 to May 2018, the MoIT coordinated with the United Nations Development Program (UNDP) to survey 2,659 companies in 17 sectors/fields, and to conduct intensive interviews at … [Read more...] about Industry 4.0: Opportunities for businesses to realize their aspirations
Viet Nam News by Bích Hường In a business-as-usual scenario, the world’s oceans could contain one tonne of plastic for every three tonnes of fish by 2025, and by 2050, more plastic than fish [by weight]. The numbers in a report launched at the World Economic Forum 2016 crossed my mind again when I saw images of trash abandoned at beaches and other tourist attractions that went viral on internet after recent public holidays on April 30 and May 1. More similar images are likely to come as Vietnamese enter the peak time of holiday season – summer. When students have a long break, people flock to beaches and tourist destinations. It’s a given that people are disappointed to spend their holidays in places that are filled or surrounded by ice cream sticks, wrappers, cans, water bottles and food waste. The trash not only damages the sight of the tourist areas, but also poses a high risk of environmental pollution to the locality if it is not treated … [Read more...] about Who wants a vacation to a trash filled beach?
Namie was under a government-mandated evacuation order, which was partially lifted last year AFP/Behrouz MEHRI Namie in Japan's Fukushima region remains a virtual ghost town seven years after a devastating tsunami and nuclear disaster, but officials hope a new factory recycling electric car batteries could help revitalise the area. Tsunami waves inundated Japan's northeastern coast on March 11, 2011 after a magnitude 9.0 earthquake, ripping buildings from their foundations and triggering a nuclear disaster. Namie was under a government-mandated evacuation order, which was partially lifted last year, and encouraging residents to return has proved an uphill struggle. The facility built by Japanese automaker Nissan in the town is employing new technology to recycle electric car batteries. For now, the factory is basic, virtually empty, and employs just 10 people, but Nissan and government officials hope it might prompt other businesses to follow suit, and eventually draw people back to … [Read more...] about In Fukushima ghost town, a factory on the road to rebirth