factory price LG Vina asks Hanoi to tax DOP imports

  • factory price LG Vina asks Hanoi to tax DOP imports
  • factory price LG Vina asks Hanoi to tax DOP imports
  • factory price LG Vina asks Hanoi to tax DOP imports
  • How much money does LG make in Vietnam?
  • The total post-tax profits of the two major Vietnamese subsidiaries of LG reached KRW379 billion ($276.6 million), up 17.6% year-on-year. LG Innotek factory in Hai Phong city, northern Vietnam. Photo courtesy of the company.
  • Why did Hanoi cut the gasoline tax?
  • The latest tax cut signals the government's strong focus on protecting consumer spending power and curbing rising inflation, after Hanoi had already cut the tax on gasoline from Dong 4,000/l to Dong 2,000/l in April, a distribution and sales manager at state-run Petrolimex said.
  • What will happen if Vietnam's 0% VAT proposal is accepted?
  • If the Vietnam Federation of Commerce and Industry’s proposed draft is accepted, some industries will lose the 0% tax incentive. For instance, industries tied to software and IT will no longer benefit from the 0% VAT incentive when entering into agreements with foreign companies.
  • Where does Vietnam import gasoline?
  • Vietnam mainly imports gasoline and other refined products from South Korea and Association of Southeast Asian Nations countries, the regional partners that Hanoi had signed free trade agreements with.
  • Where is LG Innotek made?
  • LG Innotek factory in Hai Phong city, northern Vietnam. Photo courtesy of the company. The sales figures of the two Vietnamese factories ranked third and fourth on LG Electronics’s global list, behind its facilities in South Korea and the U.S.
  • Why should you choose Vietnam as a manufacturing destination?
  • Nowadays, multinationals set up production for more advanced products, including electronics, telecommunication equipment, and machinery, for example. Benefits of choosing Vietnam as a manufacturing destination include its low labor costs, many trade agreements, enhanced manufacturing capabilities, and large labor pool.

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