Google moves Pixel 4a and Pixel 5 production to Vietnam due to Coronavirus outbreak: Report

Google and Microsoft are moving production of Pixel and Surface products respectively to Vietnam. The shift in production is due to US-China trade war and outbreak of novel Coronavirus.

  • Updated: March 2, 2020 12:46 PM IST
google pixel 3a xl review google stock photo

Google and Microsoft have reportedly shifted production from China to Vietnam. The search giant has shifted production to build ‘Made in Vietnam’ Pixel smartphones. The decision reportedly came due to worsening novel Coronavirus outbreak. Google Pixel 4a, likely to be the next low-cost device, is set to begin production as soon as April. The production of this device is said to begin at a facility in northern Vietnam. According to Nikkei Asian Review, Thailand might become another beneficiary of this change in production. Tiếp tục đọc “Google moves Pixel 4a and Pixel 5 production to Vietnam due to Coronavirus outbreak: Report”

Samsung Starts Building $220 Million R&D Center in Vietnam

By March 2, 2020

HANOI — Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant’s local unit said on Monday.

But a ground-breaking ceremony, scheduled for this past Saturday, was canceled because of a virus outbreak that led to travel restrictions on South Koreans, Hong Sun, the vice chairman of Korea Chamber of Commerce in Vietnam, told Reuters.

A Samsung Electronics spokeswoman confirmed the cancellation, but did not provide any other details.

Construction of the center in Hanoi will be completed by the end of 2022, Samsung Vietnam said in a statement, adding that the center will employ between 2,200 and 3,000 people.

Tiếp tục đọc “Samsung Starts Building $220 Million R&D Center in Vietnam”

Từ Heineken, Coca Cola bị truy thu thuế: Đâu chỉ doanh nghiệp FDI

Trên phương diện nhà nước, chuyển giá né thuế sẽ khiến nhà nước thất thu thuế. Nhưng trên phương diện doanh nghiệp, đây chỉ là một phương án để tối ưu lợi nhuận – mục tiêu của mọi doanh nghiệp.

tapchitaichinh  –  10:00 19/01/2020

Cuối năm 2019, Vụ thanh tra, Tổng cục Thuế đã đưa ra kết quả hàng loạt vụ thanh tra điển hình, trong đó có thanh tra công ty TNHH nước giải khát Coca-Cola, truy thu và phạt hơn 821,4 tỷ đồng, giảm khấu trừ 76,3 tỷ đồng, giảm lỗ hơn 762,6 tỷ đồng.

Không chỉ các doanh nghiệp FDI mà đến nay có cả các doanh nghiệp nội địa cũng có dấu hiệu rõ ràng của việc chuyển giá làm thất thu ngân sách nhà nước.

Nhiều “ông lớn” FDI chuyển giá

Cụ thể, Tổng cục Thuế ra quyết định truy thu 471 tỉ đồng tiền thuế của Coca-Cola Việt Nam gồm thuế GTGT hơn 60 tỉ đồng, thuế thu nhập doanh nghiệp hơn 359 tỉ đồng, thuế nộp thay nhà thầu nước ngoài gần 52 tỉ đồng.

Tiếp tục đọc “Từ Heineken, Coca Cola bị truy thu thuế: Đâu chỉ doanh nghiệp FDI”

After Samsung shifts operation to Vietnam, Chinese city turns into ghost town

Samsung to employ 3,000 local engineers for US$300 million R&D center in Hanoi

NOV 29, 2019 / 11:41 Ngoc Thuy

The Hanoitimes – Samsung would continue to increase investment in R&D and supporting industries in Vietnam and seeks more support from the Vietnamese government, said Lee Jae-young, vice chairman of Samsung.

Samsung’s US$300- million research and development (R&D) center, scheduled to become operational in 2022 in Hanoi, would employ 3,000 local engin  eers, according to Lee Jae-young, vice chairman of Samsung.

 Prime Minister Nguyen Xuan Phuc (r) and Vice Chairman of Samsung Lee Jae-young (l). Source: VGP.

Samsung is committed to ensuring efficient operation and successes of its production facilities in Vietnam, contributing to the country’s socio-economic development and Vietnam – South Korea relations, Lee said in a meeting with Prime Minister Nguyen Xuan Phuc in Seoul in November 28.

Lee added Samsung would need more hi-tech engineers in the coming time, especially in the production of semi-conductors, smart phones or hi-tech display screens, with high demand and added value. Tiếp tục đọc “Samsung to employ 3,000 local engineers for US$300 million R&D center in Hanoi”

Vietnam encourages US investments in energy sector

NOV 16, 2019 / 22:02

The Hanoitimes – US-based Gen X Energy is considering a US$6-billion liquified natural gas (LNG) project in Vietnam.

Vietnam encourages and support US enterprises to invest in the country’s energy sector, said Deputy Prime Minister Trinh Dinh Dung in a meeting with Scott Kicker, CEO of US-based Gen X Energy, on November 15.

 Deputy Prime Minister Trinh Dinh Dung (R) and Scott Kicker, CEO of US-based Gen X Energy (L). Source: VGP.

Dung highly regarded Gen X Energy’s interest in a US$6-billion liquified natural gas (LNG) project in Vietnam.

According to Dung, Vietnam considers the US a top partner, saying the bilateral comprehensive partnership has been growing strong on bilateral, regional and international fronts.

Dung added trade and investment activities have laid the foundation and become a major motivation for the Vietnam – US relations. Tiếp tục đọc “Vietnam encourages US investments in energy sector”

Google to move Pixel smartphone production to Vietnam, report says

NBC

The move comes as labor costs are rising in China along with added pressure from spiraling tariffs due to the ongoing Sino-U.S. trade tensions.
Image: Google Pixel

A member of the media tries a Google Inc. Pixel 3 smartphone after its sales launch event at a SoftBank Corp. store on Nov. 5, 2018 in Tokyo, Japan.Tomohiro Ohsumi / Getty Images file

Báo cáo tình hình đầu tư trực tiếp nước ngoài 5 tháng đầu năm 2019

Bộ KH&ĐT

I. Về đầu tư nước ngoài tại Việt Nam

1. Tình hình thu hút ĐTNN 5 tháng đầu năm 2019

1.1. Tình hình hoạt động

Vốn thực hiện

Trong 5 tháng đầu 2019, ước tính các dự án đầu tư trực tiếp nước ngoài đã giải ngân được 7,3 tỷ USD, tăng 7,8% so với cùng kỳ năm 2018.

Tình hình xuất, nhập khẩu

Xuất khẩu: Xuất khẩu của khu vực ĐTNN (kể cả dầu thô) đạt 70,4 tỷ USD, tăng 4,7% so với cùng kỳ năm 2018 và chiếm 69,9% kim ngạch xuất khẩu. Xuất khẩu không kể dầu thô đạt 69,5 tỷ USD, tăng 4,7% so với cùng kỳ 2018 và chiếm 69% kim ngạch xuất khẩu. Trong 5 tháng đầu năm 2019, xuất khẩu của khu vực ĐTNN tăng về mặt giá trị, song lại giảm về tốc độ tăng so với cùng kỳ năm 2018 (5 tháng đầu năm 2018, xuất khẩu kể cả dầu thô tăng 15%; xuất khẩu không kể dầu thô tăng 15,8%). Tiếp tục đọc “Báo cáo tình hình đầu tư trực tiếp nước ngoài 5 tháng đầu năm 2019”

FDI paradox: the bigger incentives FIEs get, the bigger losses they incur

Last update 16:00 | 16/03/2019

VietNamNet Bridge – More and more foreign invested enterprises (FIEs) have reported losses, though they continue to enjoy attractive investment incentives. Economists say this is ‘abnormal’.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FIEs, FDI

There are 21,400 FIEs in Vietnam

A Ministry of Finance’s (MOF) report presented at a recent working session with Deputy PM Vuong Dinh Hue showed a high proportion of unprofitable FIEs.

There are 21,400 FIEs, which account for 3 percent of total existing enterprises in Vietnam. FIEs maintained high growth rates in revenue and profits from 2011 to 2017. In 2017 alone, FIEs’ turnover soared by 28 percent compared with the year before, while their asset growth rate reached 22 percent and stockholder equity 14 percent. Tiếp tục đọc “FDI paradox: the bigger incentives FIEs get, the bigger losses they incur”

Upbeat outlook for Vietnam’s FDI inflow in 2019

Last update 14:20 | 15/03/2019

Foreign investment in Vietnam is forecast to surge significantly in 2019 as many foreign investors, including big names, are showing their big interest in the country.

Upbeat outlook for Vietnam’s FDI inflow in 2019, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Reports from the Foreign Investment Agency under the Ministry of Planning and Investment showed that foreign firms registered to invest US$8.47 billion in Vietnam in the first two months of 2019, up 2.5 times against the same period of last year. The firms also disbursed US$2.58 billion in the period, marking a three-year record high for the January-February period.

The positive trend is continuing this month with many provinces and cities consecutively announcing licenses for foreign projects. Tiếp tục đọc “Upbeat outlook for Vietnam’s FDI inflow in 2019”

Ngành năng lượng Việt Nam đang đi ngược xu thế

Thứ Ba,  19/12/2017, 09:58 

Ống khói của một nhà máy nhiệt điện chạy than ở khu vực phía Bắc. Ảnh: laodong.vn

(TBKTSG) – Hơn 42% tổng nguồn vốn đầu tư trực tiếp nước ngoài (FDI) mới cam kết được cấp phép trong 11 tháng đầu năm 2017 là đăng ký vào lĩnh vực kinh doanh và phân phối điện. Đáng chú ý, cả ba dự án được cấp phép trong lĩnh vực này đều là xây dựng nhà máy nhiệt điện than.

Cấp phép ba dự án BOT nhiệt điện than

Ngoài tập đoàn Điện lực Việt Nam (EVN) là đơn vị chủ lực thực hiện đầu tư phát triển nguồn điện, Chính phủ đã từng bước hình thành, phát triển thị trường điện cạnh tranh, đa dạng hóa phương thức đầu tư và kinh doanh điện, nhằm khuyến khích các nhà đầu tư trong và ngoài nước tham gia đầu tư các công trình nguồn điện theo hình thức BOT (xây dựng – vận hành – chuyển giao).

Tiếp tục đọc “Ngành năng lượng Việt Nam đang đi ngược xu thế”

FDI: many figures, few explanations

Last update 12:00 | 15/12/2017

VietNamNet Bridge – By October 20, implemented foreign direct investment (FDI) had reached $14.2 billion and foreign portfolio investment (FPI) $4.7 billion, according to the General Statistics Office (GSO).

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, FDI, FIA, GSO

By October 20, the implemented FDI had reached $14.2 billion

The public now can access figures about foreign investment monthly from the Foreign Investment Agency (FIA) and GSO, and quarterly from the State Bank of Vietnam (SBV), reflected in the Balance of Payments.

According to SBV, the disbursed FDI capital is estimated at $5.9 billion.

Foreign investors (both FDI and FPI) have disbursed $18.9 billion so far this year and commercial banks now hold $13 billion of the disbursed money. Tiếp tục đọc “FDI: many figures, few explanations”

Asia’s newest tiger clawing its way up

Last update 16:35 | 09/12/2017

Tim Harcourt, a JW Nevile Fellow in Economics at UNSW Sydney and former chief economist of the Australian Trade Commission (Austrade), said that Vietnam’s economy is surging, on track to become the newest tiger in Asia, going on to delineate the steps he thinks are required for Vietnam to become a more attractive destination for foreign investment.

Asia’s newest tiger clawing its way up, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Vietnam’s recent growth story has coincided with its opening to the world 

While making my TV show, “The Airport Economist”, I have visited over 60 economies in the past six years. And one that has always stood out to me was the enchanting land of Vietnam, one of the emerging ‘second generation’ tiger economies of Asia. Tiếp tục đọc “Asia’s newest tiger clawing its way up”

Investment incentives for FIEs: money goes to pockets of the rich

Last update 08:00 | 04/12/2017

VietNamNet Bridge – A total of VND35.3 trillion of corporate income tax has been exempted for foreign-invested enterprises (FIEs), according to the Ministry of Finance.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, tax incentives, FIEs, MPI

Vietnam offers big investment incentives to foreign investors

The ministry said that by 2016, the total value of tax incentives and revenue from land use in all economic sectors had reached VND64.278 trillion, or nearly $3 billion.

This includes VND46.829 trillion worth of incentives in corporate income tax (CIT), VND394.9 billion in personal income tax, VND7.875 trillion in land and water surface leasing fees and VND3.802 trillion in land use fees. Tiếp tục đọc “Investment incentives for FIEs: money goes to pockets of the rich”