Vietnam requires declaration for gold jewelry weighing 300g or more on entry

At around 5:30 PM on May 5, about a day after facing significant criticism over its recruitment campaign, Oatside Vietnam issued an official reply on its Facebook page, which has about 14K followers. The company said it acknowledged discussions surrounding the recent CMO recruitment and admitted that the campaign deployment…

ADB: Middle East conflict a severe test for Asia's economies

The Asian Development Bank (ADB) warned on April 10 that growth in Asia-Pacific member economies is likely to slow this year as the Middle East conflict disrupts global energy markets and trade. ADB President Masato Kanda said the crisis is a “severe test” for the region’s economic ascent, creating new…

KienlongBank announces lending-rate cut to 1% per year effective April 10, 2026

The policy to reduce lending rates is being applied flexibly across customer groups, prioritizing businesses and individuals active in manufacturing and import–export. The move is implemented to improve operating efficiency and optimize resources, giving KienlongBank more room to support customers over the long term. By strengthening internal capacity—from operations to…

Tax Authority identifies more than 400 firms with annual revenue of at least 1 trillion VND still reporting losses

By compiling and analyzing nationwide tax declarations, the Tax Department found that a notable number of high-revenue enterprises report losses. Specifically, more than 400 firms with annual revenue of at least 1,000 billion VND reported losses or only slim profits. Deputy Director Le Long said at the Finance Ministry’s Q1/2026…

Civil enforcement totals exceed 83.265 billion dong in six months (Oct 2025–Mar 2026), with 246,105 cases completed

On April 9 in Hanoi, the Ministry of Justice held a conference to summarize civil and administrative enforcement for the first six months of the year. According to the conference report, in the first six months of 2026 civil enforcement and administrative enforcement continued to be implemented decisively and synchronously,…

Draft decree revising private placement of corporate bonds expected in April 2026

The Ministry of Finance is finalizing a draft decree to revise regulations on the issuance of private corporate bonds, with the stated aims of increasing transparency, tightening market discipline, and meeting enterprises’ capital-raising needs. At a press conference on April 9, 2026, Deputy Chairman Hoang Hai of the State Securities…

Hanoi: State Bank inspectorate Area I finds tax declaration violations at Huy Thanh Jewelry Co., Ltd.

The State Bank of Vietnam’s Inspectorate Area I has published the conclusions of an extraordinary audit into Huy Thanh Jewelry Co., Ltd. The audit identified violations concentrated in three main areas: failure to file anti-money laundering (AML) reports on time, inaccurate data in gold production reports, and misstatements that resulted…

More than 300 firms with at least 1 trillion dong in revenue have posted losses, prompting tax scrutiny

More than 300 large enterprises with revenue of 1 trillion dong or more have been posting losses, prompting intensified scrutiny by tax authorities aimed at curbing transfer pricing, dual-book accounting, and potential revenue losses. The Tax Department has instructed its subordinate units to tighten management and boost inspections for this…