Transport ministry proposes increasing BOT toll fees as investors' revenues dropped At present, a series of BOT (build-operation-transfer) projects is reporting considerably lower revenues compared to the original financial plans, as toll fee collection had plummeted due to COVID-19 pandemic.

Cancelling football season could cost Europe's top clubs four billion euros: report Europe's top five football leagues could lose as much as four billion euros (US$4.33 billion) in combined revenue if the coronavirus pandemic completely wipes out the rest of the season, according to a study by KPMG.

HCM City sees sharp drop in tourism, more pain expected

The number of foreign tourists visiting HCM City in the first two months of the year declined by 62 per cent year-on-year to 335,800, resulting in a 65 per cent drop in tourism revenues, according to reports of travel firms in the city.

Hà Nội targets 7.4-7.6% economic growth for 2019

The Hà Nội People’s Committee has set 22 targets for socio-economic development in 2019, focusing on State budget restructuring, improvement of its investment and business environment and promotion of the innovation and startup ecosystem.

Long Queues at the Cash Register Are Costing Singaporean Retailers Over US$1.6 Billion a Year Long Queues at the Cash Register Are Costing Singaporean Retailers Over US$1.6 Billion a Year

SAMCO violations uncovered

The HCM City People’s Committee has requested an investigation into violations made by the Sài Gòn Transportation Mechanical Corporation (SAMCO) and its companies.

 

Large firms boost transparency

Some large-cap firms have replaced the board of supervision with independent members in the board of management to improve the quality of corporate governance and reduce expenses.

Reform doesn’t mean distorting policies: Deputy PM

The financial sector needs to work on a solution that helps reduce tax rates while still increase the total tax collection, said Deputy Minister Vương Đình Huệ.

Macro-economic stabilisation: lessons learnt and future directions

Macro-economic stability and economic growth drive each other, as the former helps boost investment and consumption while the latter creates foundation for achieving the former, Prime Minister Nguyễn Xuân Phúc wrote in a recent article.

Some taxing questions cannot be ignored

The Ministry of Finance has said it is considering raising value added tax (VAT) to 11 percent from 2019 and then to 12 percent by 2020 from the current 10 percent.