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Vietnam looks to turn home firms into enterprises

HANOI — In order to transform household businesses into enterprises, it is necessary to use “economic levers” rather than “administrative orders”, deputy director of the Central Institute for Economic Management (CIEM) Phan Duc Hieu said in a Hanoi-based conference yesterday. The conference, organised by Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with Bank for Investment and Development of Vietnam (BIDV), drew […]

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Thailand: Car import duty calculation be revised

The Customs Department will change the valuation method of imported cars to make it more acceptable to importers, deputy spokesman Kreecha Kledsriphan said on Tuesday.  He did not elaborate how it would be changed. Luxury car importers have long complained about their tax burden — import duty, excise tax and value-added tax — is as […]

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Indonesia: Trade Minister Says Staple Food Prices Stable

TEMPO.CO, Bandung – Trade Minister Enggartiasto Lukita said that staple food prices in traditionalmarkets are stable after Eid al-Fitr. After inspecting several markets, he said that food prices are rising due to trade activities in the markets that have not returned to normal. Nevertheless, he added that the increase still stands at a tolerable level and is caused by reasonable factors. “There is a slight increase because only one or two vendors are open, but it’s far from the […]

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