A representative from the Vietnamese tax watchdog said it was important to clarify the legal basis for taxing Uber and Uber taxi drivers in order to prevent tax avoidance.

Vietnamese shares were volatile and closed mixed yesterday as investors remained cautious ahead the voting that decides Britain’s membership in the European Union (EU).

Việt Nam Public Bank’s pre-tax profit is expected to fall by 8 per cent year-on-year to VNĐ65 billion (US$2.9 million), on a revenue of VNĐ5.5 trillion, in 2016.

Kaspersky Lab researchers have identified a global forum where cybercriminals can buy and sell access to compromised servers for as little as US$6.

The southern province of Bình Dương has fulfilled over 78 per cent of annual target when attracting almost US$1.1 billion of foreign direct investment (FDI) in the first half of this year, the provincial People’s Committee announced at the meeting with local companies late last week.

Over the past five months, 47 gold jewellery traders here have been fined VNĐ1 billion for violating trademarks and selling jewellery with inaccurate gold content labeling.

Việt Nam’s foreign exchange reserves, exclusive of gold, reached a record high of US$38 billion in mid-June, said State Bank of Việt Nam Governor Lê Minh Hưng.

To avoid fines for inadequate compliance with provisions of the law, PLF suggests newly-established enterprises should pay heed to the following issues:

While many enterprises welcome the idea of establishing a stock exchange for start-up businesses, they also expressed concerned about the feasibility of such an exchange.