Archive for October, 2011

Repaid VAT on purchases in Vietnam

In Vietnam, foreign tourists will get back VAT on purchases. It will be possible to get back 10% of purchases from April 2012. In 2012, VAT on purchases will be repaid to foreign tourists in Vietnam. Travelers will be able to get a refund only making purchases at certain stores spending at least two million [...]

Nippon Steel Company has launched the operation of a new pipe plant in Vietnam

Steel-making company Nippon Steel (Japan) started the operation of a new pipe plant in southern Vietnam, said Ukrinform with reference to the agency VIA. Majority stake of a new enterprise (51%) belongs to Nippon Steel, 10% – to state-owned Vietnam Steel Corp. The remaining 39% of shares are ownership of five Japanese trading companies.