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Vietnam: Product origin info to be enhanced

HANOI — The General Department of Customs has ordered the management of origin and labels of imported products to be enhanced. The move comes in the wake of a probe into Khaisilk’s trade fraud of selling “Made-in-China” products under the Vietnamese brand, which caused a stir. Accordingly, customs departments across the country must enhance their […]

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Thailand: Shopping tax break runs Nov 11-Dec 3

The Revenue Department estimates that 22.5 billion baht worth of shopping tax breaks will be claimed this year, costing the government 2 billion in revenue while spurring 10 billion baht in spending. Individual taxpayers deducted 15 billion baht worth of shopping in 2016 when a similar tax incentive was introduced for 18 days, costing the […]

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Philippines: IMF urges checks to prevent overheating

MANILA, Philippines — The International Monetary Fund (IMF) said monetary and fiscal authorities should act swiftly to prevent the Philippine economy from overheating amid rapid growth and low inflation. “The combination of high credit growth, buoyant private investment, and fiscal expansion without tax reform could lead to overheating of the economy,” it said. Overheating occurs […]

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Cambodia: MoU signed to promote sustainable development

The Cambodian General Secretariat of National Council for Sustainable Development (NCSD) signed a memorandum of understanding (MoU) yesterday with the South Korea-based organisation ASEIC in an effort to promote sustainable industrial development in Cambodia. The MoU signing ceremony was held in Phnom Penh and inked between Tin Ponlok, secretary-general of NCSD, and Sejong Kim, vice […]

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Vietnam: Danang calls for tourism investment

DANANG — At the APEC Summit, the central city of Danang has called for investment in nine projects in tourism and entertainment worth an estimated US$500 million. It says it wants the development done as Public-Private Partnerships (PPP) and Build-Own-Operate (BOO) models. Deputy director of the city’s tourism department, Nguyen Xuan Binh told Vietnam News that the […]

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