Vietnam business law

Vietnam company law / Preferential tax not applicable to Viettel: MoF

The Ministry of Finance (MoF) has said that Vietnamese telecom group Viettel is not entitled to receive the same tax preferentials as Samsung Electronics Viet Nam (SEV) of South Korea.

Workers assemble mobile phones in a factory of Viettel.

Based on Article No.12, Government Decree No.87 detailing import duty, MoF said mobile phone production and assembly are not on the list of products receiving preferentials on import tax.

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If Viettel carried out a project on producing and assembling mobile phones in poor areas, they would get a five-year tax exemption for components and parts not produced in Viet Nam.

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Meanwhile, the second option just targets a tax on land and land for production and trading, and exclude the housing sector for the reason that the living standard of most people are low.

At the seminar, some participants said houses are bought from incomes which buyers accumulate for many years. Because such homebuyers are already charged personal income tax, they should not be taxed again when buying a home to avoid double taxation.

Le Van Tu, an economic expert, said that it was impossible to levy on a fortune which was already subject once to the personal income tax. That is not to mention the value added tax imposed when people use their income to buy materials to build their houses.   "I think so, yes," Pike replied.

The payout to Taylor was agreed at the June 10 meeting.

Briefing note

Pike said that on May 24, three days before the meeting with James Murdoch, Crone sent a briefing note to Myler preparing him for the meeting. Pike said that Crone sent a copy of the briefing memo to him at Farrer & Co.

Pike said the briefing note referred to the fact that a 2005 e-mail apparently incriminating more than one News of the World journalist in voice-mail hacking had been disclosed to the company. Pike said the briefing note did not, however, mention the name of Neville Thurlbeck, the News of the World's chief reporter, who is now alleged to have been the person to whom the message in question, now referred to by investigators as the "For Neville" e-mail, was addressed.

Pike also indicated to the committee he had a note of a telephone call he had with Myler after the editor's meeting with James Murdoch, as well as billing records related to these contacts.

Pike told the committee that legal privilege covering notes in Farrer & Co's possession related to the May 27 James Murdoch meeting with Myler had been waived and that he would therefore be able to disclose the documents to the committee.

On Tuesday, a parliamentary source said the material had been received in hard copy form, and might be published on the committee's website later in the day.

A spokesperson for News International told Reuters neither the company nor James Murdoch had any comment on the disclosure of the documents or their content.

Taylor ligitation

During his testimony in July, James Murdoch was asked by committee member Tom Watson if he, before approving a substantial settlement payment to Taylor, had seen or been "made aware of the full Neville e-mail, the transcript of the hacked voicemail messages?"

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James Murdoch replied: "No, I was not aware of that at the time."

Subsequently, Murdoch sent the committee a written statement that, "Prior to the meeting on 10 June 2008, I do not recall being given any briefing nor do I recall Mr. Crone or Mr. Myler referring to, or showing me ... documents during the meeting."

Vietnam private security firms flout laws to escort ‘VIPs’

Lack of regulation allows reckless, rude and potentially dangerous security companies to run amok

Guards from Titan Security Company raised hell while escorting an Australian motivational speaker’s vehicle through Ho Chi Minh City two weeks ago. They did it mostly because they could.

On May 24, HCMC traffic police seized at least three large capacity motorbikes and a car used by Titan to escort Nick Vujicic’s vehicle through town.

The guards were caught on video blaring sirens continuously and using clubs to clear traffic for Vujicic’s group from Tan Son Nhat International

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in HCMC to a hotel in District 1.

Like most security companies providing road escort services, Titan was operating illegally because bodyguards are not allowed to control traffic.

Tran Thanh Tra, HCMC traffic police chief, said security companies are allowed to escort clients, but it is illegal for them to clear traffic.

However, it still happens all the time.

Police say that Titan’s other violations in the incident included driving in the wrong lane, failing to present driving licenses and documents related to the vehicles, using fake license plates, and ignoring red lights.

Under a 2009 circular by the Ministry of Public Security, only the escorts of senior leaders and foreigners in official visits invited by the Party and the government are allowed to have traffic officers or military forces clear traffic for them.

In other major events, such as bicycle races, motorcycle clubs and security companies can be mobilized to support traffic police.

Le Phung Hao, a board member of Hoa Sen Group, which had invited Vujicic for the visit, said police escorts had been requested and that Titan was hired when that request was rejected.

Illegal services

Following the incident with Vujicic’s bodyguards, Vietweek found that most security companies disrupt and control traffic to clear roads in direct violation of the law.

The price for a motorbike escort is around VND300,000 (US$14) per hour. The companies supply high capacity motorbikes and even body guards equipped with Tasers and rubber-bullet guns.

The illegal services have frustrated residents who have then been forced to deal with worse traffic and the disrespect of wild guards on power trips.

Quynh, a resident in Tan Binh District, said she witnessed a roaring group of high capacity motorbikes clearing the way for a funeral on Cach Mang Thang Tam Street last month, causing serious gridlock.

“People were ready to make way for a funeral but we became angry because they hired the motorbike escorts to rudely make the way,” she said.

Hai of Tan Phu District said he was taking his child home