Esteemed Press,
Please find attached our ANZ research report:  Vietnam's Inflation Steady in April dated 24 April 2013 for more details.

The Vietnamese Translation (for reference only) will be followed up soon. Kindly revert article links if the information's published. Thank you very much.

Please feel free to contact us if you have further enquiries.

ANZ Vietnam Communications team
Bui Hai Ha | Manager, Communications, Vietnam| ANZ
Level 7, Sun City Building, 13 Hai Ba Trung St., Hoan Kiem District, Hanoi, Vietnam
Ph: +84 4 39386901 (Ext. 2850) | Fax: +84 4 39386930 | Mob: +84 (0) 98 995 8695
W: www.anz.com/vietnam

Nguyen Huyen My | Senior Officer, Communications, Vietnam| ANZ
Level 7, Sun City Building, 13 Hai Ba Trung St., Hoan Kiem District, Hanoi,Vietnam
Ph: +84 4 39386901 | Fax: +84 4 39386930 | Mob: +84 (0)93 656 2885
W:www.anz.com/vietnam

Dear all,

Please find attached our Technical Update of April 2013 for your information.

Should you require further information, please contact your usual KPMG advisor or one of the tax professionals listed in the fact sheet. 

Thanks and best regards,

KPMG Limited

10th Floor, Sun Wah Tower

115 Nguyen Hue Street, District 1

Ho Chi Minh City, Vietnam

Tel: +84 8 3821 9266

Fax: +84 8 3821 9267

www.kpmg.com.vn

Prevention is better than cure. The road to a healthier life starts at International SOS Clinics

A regular Health Check will help identify risks and allow for improved health outcomes. For a limited time only when you book for a Health Check you will receive a complimentary  Health Check for a family member or friend. Offer is valid until 31st May 2013. Conditions apply, please contact us at:

Hanoi: 51 Xuan Dieu (behind Fraser Suites), Tay Ho District. Tel: (04) 3934 0666

HCMC: 167A Nam Ky Khoi Nghia, District 3. Tel: (08) 3829 8520

Vung Tau: 1 Le Ngoc Han. Tel (064) 385 8776

Or for further information about this program or please email us at: vncommunication@internationalsos.com

The end of the school year is a time when parents plan to find summer courses for their children. If one does not take time to decide where to travel and which enriching subject to learn, a suitable summer English course for their children from abundant courses is difficult for parents to choose.

For parents, their children’s summer activities are also “plans” that they have to make early. If parents cannot quickly choose the suitable subjects for their children and where to travel in summer, choosing an English course is not so simple because English needs to learned continuously. Besides, abundant summer English courses make it more difficult for parents to make a decision.

Registering children to learn in a demo class and then making an official decision is the most efficient solution of most parents currently. When children are interested in the course, they will not be afraid of coming to class. After two consecutive years attending summer courses at Apollo, Ha Linh (9 years old, Hai Phong) said: “Foreign teachers are so funny that our learning hours are always full of laughs. Even it is summer; I have never missed any lessons, especially useful extra-curriculum activities.” Like other students in the class, Ha Linh can pronounce English exactly, naturally, confidently and fluently.

Unlike traditional learning, each lesson at Apollo Junior is a new experience with case studies, learning English through songs, stories, and games with the support of modern learning media like interactive white board (IWB) or online textbooks. Furthermore, experienced, enthusiastic and friendly foreign teachers will help students to discover the English world. One of the strengths of Apollo Junior is its exclusive methodology LETS-Learning English Through Subjects. LETS does not separate English as a subject, but integrates it into communication and school subjects such as: math, science, geography, to name only a few. Moreover, Apollo Junior also helps students to be confident and active in learning through “head-up” and “stealth learning”.

Parents may plan to choose summer courses for their children in different ways but they can all choose Apollo Junior to give their children a meaningful summer.

Today, ACCA Vietnam organise New Member Ceremony 2013 to celebrate the achievement of 123 new ACCA members across the country who have attained the membership milestone from 31 March 2012 to 31 March 2013. The ceremony is consecutively held on 24 April 2013 in Hanoi and 25 April 2013 in Ho Chi Minh City. These new members are a part of the vibrant ACCA community globally which now consists of more than 154,000 members in 170 countries. The ceremony is graced by the presence of many distinguished guests who represent the government authorities, local bodies, leading organisations and top employers in Vietnam. This celebration evening will also be a useful networking opportunity for members to meet other fellow members and renowned employers at the event.

Mr. Stephen Heathcote, Executive Director, Markets, ACCA in his address formally welcomes the newly inducted ACCA members and reminds them that becoming a member of ACCA means that they are fully supported by a professional accountancy body with global reach, that fully understands the important roles accountants play in both the private and public sectors, and seeks to provide members with access to resources, which will ensure that they can reap the full benefits of this exciting profession. He says, "This is an important event marking the increase of international qualified finance professionals in Vietnam. The ACCA qualification and their delivery are ensured to meet the diverse needs of trainee professionals and their employers as well as be open for certified accountants in developing countries. I believe ACCA is the most suitable international qualification in the socio-economic – politic conditions and education system in Vietnam. And ACCA members are the complete finance professionals who play the major role and bring value to the business."

"ACCA continues to work towards being regarded as the leading global body for professional accountants by reputation, size and influence. In this way, we strive to be always on the pulse of what is happening globally and in doing so, ensure that you have the tools to become visionaries and leaders within your respective companies." - Mr. Stephen Heathcote adds.

On this special occasion, ACCA Vietnam presents Global and National Approved Employers' certifications to Vinacapital Group, Ecovis STT Vietnam, KTC, TNK Vietnam B.V., KCS Vietnam and DTL who through accredited learning and development systems, support the development of ACCA professionals. This means that Approved Employers' finance and accounting employees who are registered as students with ACCA will receive valuable support to help them successfully complete the ACCA examinations and gain practical experience that enables them to acquire the range of competencies required of finance and accounting professionals in business today.

RICS Vietnam announces a seminar on 22 May 2013 entitled “Providing effective advisory and transactional services for banks with distressed loan books”.

Few real estate professionals or bank officers have sufficient experience to be able to react when the market correction happens as it generally only occurs once in a generation. For this reason, this seminar is to help participants better understand what happens to bank balance sheets and loan books after market corrections and how this interrelates with what occurs in the real estate markets.

The seminar will also covers the basics of asset management, loan work-out and NPL servicing particularly on how these are best supported by real estate practitioners. With better understanding, it helps all market participants to make the decision early in order to increase the bank recoveries and lower the losses when it comes.

Who should attend?

• Real estate consultants, brokers & valuers

• Bank owners, directors & senior officers

• Bank auditors, compliance officers & risk managers

• NPL & work-out executives

• Asset Managers

• Special Servicers

• Industry analysts & rating agencies

• Lawyers & accountants specializing in banking

• Distressed debt & NPL investors

For further event details please click here.

For any enquiries, please contact Bill Jones at e: bjones@rics.org.

Date: Thursday, 16 May, 2013
Location: Hilton Hanoi Opera Hotel, 1 Le Thanh Tong Street, Hoan Kiem Dist., Hanoi, Vietnam
Time: 8:00 am – 11:00 am

Content:
CFOs are under greater scrutiny as the economy remains uncertain while regulations tighten and investors lose their confidence. Standing still isn't an option for finance professionals in such a dynamic and volatile business environment. The key responsibilities and competencies expected of CFOs nowadays have been changing. Key findings from a survey conducted by ICPAS(*) report that:
•    Over 90% of CFO respondents indicate the need to support the CEO as a very important or critical key performance objective
•    More than 90% indicate strategic business planning, risk management as very important or critical work responsibilities, followed by working capital management (88%), financial planning (88%) and financial reporting (88%)
•    Financial planning (89%), strategic business planning (80%) and risk management (76%) top the list of time spent by CFOs
•    About 82% respondents rate C-Suite skills rather than technical skills as relatively more important to CFOs
Hence, you need fast, focused, adaptable solutions to help you successfully manage what can easily become competing interests - the need to accelerate growth while also keeping both costs and risks under control. Join our seminar “Office of the CFO: Change the way work is done” and let us help you in:
•    Complete Financial Management: Adapt to changing business needs, eliminate manual processes, and more effectively manage supplier relationships
•    Performance Management: Reduce financial planning time by up to 70% and link plans to strategic objectives
•    Close: Accelerate the complete close process, from reconciliation through consolidation to financial reporting
•    Business Insight: Makes it easy for your company's decision makers to get the meaningful reporting and analysis they need to effectively monitor and control performance, leading to more informed decisions.

For more information, please refer to the attachment.

Who should join: This special complimentary program is for:
•    Managers and Directors
•    Chief Financial Officers (CFOs)
•    Chief Accountants
•    Chief Executive Officers (CEOs)
•    Finance Controllers
•    Heads, Internal Auditors and Strategic Planners
•    And people who are involved in Hospitality management
This is an invitation only and limited seating seminar. Please register now to avoid disappointment!

Date & Venue:
•    Date: Thursday, 16 May, 2013
•    Time: 8:00AM – 11:00AM
•    Location: Hilton Hanoi Opera Hotel, 1 Le Thanh Tong St., Hoan Kiem Dist., Hanoi, Vietnam
Registration:
•    Please fill out the form on http://trginternational.com/ocfo-hanoi-may16
Enquiries:
•    Please contact Mr. Cuong Nguyen (cuong.nguyen@trginternational.com) if you need further information
•    Tel: (+84) 8 38236900 (Ext:304)
Other information:
•    (*) “Hotels 2020 – Beyond Segmentation” by Amadeus and Fast Future (2010)
•    TRG reserves the right to change the speakers, date, and cancel the seminar should circumstances beyond its control arises. TRG also reserves the right to make alternative arrangements without prior notice should it be necessary to do so.

BRITISH INTERNATIONAL SCHOOL, HCMC - Inspected, Approved and Rated as ‘Outstanding’ by the British Government - British Schools Overseas Inspection Report, March 2013

We are pleased to announce that BIS is the first school, and currently the only school, in Vietnam to be inspected and approved by the British Government and one of only a small number of schools around the world to be awarded an overall Grade 1 rating across all three campuses of the school.  The British Government operates this inspection scheme in order to inform and reassure parents about the quality of education offered by British schools around the world. During the inspection the quality of education at BIS was measured against the standards that apply to independent schools in Britain.  For BIS parents this award provides further confirmation that their children are receiving a high quality education from a caring and skilled team of educational professionals.

The overall effectiveness of the school is described as:

‘BIS is an excellent school. It provides a very high quality of education and care for its students.  The quality of learning, teaching and leadership is outstanding. The students, parents and staff are passionate about the school.’

Click here to download a full copy of the BIS report from the BIS website www.bisvietnam.com
Click here for further information about British Schools Overseas (BSO) Inspections on the British Government Department for Education (DfE) website.

Dear Readers,

Please find attached an update on new new circular on unemployment insurance .

If you wish to discuss further, please feel free to contact Ms. Duong or your regular PwC contact person.

Regards,
-----------------------------------------------------------------------
Phan Thi Thuy Duong
PwC | Senior Associate | Legal Services
Direct Line: 84 (8) 3823 0796 Ext 1508 Fax: 84 (8) 3825 1947
Email: phan.thi.thuy.duong@vn.pwc.com
PricewaterhouseCoopers Legal Vietnam Company Limited 4th Floor, Saigon Tower, 29 Le Duan, District 1, Ho Chi Minh City, Viet Nam

Dear Valued Clients,

Ernst & Young APAC Tax Matters

Welcome to the twelfth edition of APAC Tax Matters.   

In this edition of APAC Tax Matters we look at:
•    Transfer pricing updates in Australia, India and Malaysia;
•    New treaties concluded by Hong Kong, New Zealand and Taiwan;
•    Issues related to the capital gains article in the China-Singapore treaty;
•    New rules introduced in the Philippines concerning the merger of foreign corporations and the effect on the absorbed corporation's branch office;
•    New tax updates from Vietnam, Thailand and Korea; and much more.

To download and/or read a copy, please visit --> APAC Tax Matters

You can also access the publication via the full URL link below:
http://www.ey.com/CN/en/Services/Tax/APAC-Tax-Matters---12th-edition

We hope you will find this edition a useful high-level update on tax matters in Asia-Pacific.

If you require further information on any of the items included in APAC Tax Matters,please do not hesitate to contact one of our listed contacts, or your local Ernst & Young advisor.

Best regards
Ernst & Young Tax Services

Vietnam Airlines offers special discount from 30% to 47% for flight to Paris for online purchase at www.vietnamairlines.com with promotion code: PR50PAR113. For your more information, please click here.

Hilton Worldwide today launched its "Book More and Get More" promotion which rewards event planners with extra value-added incentives for more rooms booked in close to 100 Hilton Worldwide hotels and resorts across Asia Pacific.

HANOI –  on 26 April 2013 – PricewaterhouseCoopers (Vietnam) Ltd. (PwC) and Ms. Dinh Thi Quynh Van, the General Director of PwC were honoured to receive the Prime Minister’s Certificate of Merit for their achievements in building and developing tax consulting service market in Vietnam over the past 5 years, from 2008 to 2012. The Certificates of Merit were presented at the Second Term meeting of the Vietnam Tax Consultants’ Association (VTCA) held on 26 April 2013 at the office of the Ministry of Finance in Hanoi.

For more information, please refer to the attached Press Release in both English and Vietnamese.

HCMC, May 6, 2013 - It’s that time of the year when booking a holiday becomes more affordable with MGallery La Veranda Resort Phu Quoc’s Red Hot Room. All travelers are invited to stay within selected periods: May 9-10, 15-16, 21-22 and 28-29, 2013 to get the great saving up to 30% Especially, in order to enjoy immediate priority access and the full discounted rate of up to 40%, do not wait any longer to become a member of Accor Advantage Plus and Le Club Card.

Much more greater, guests can get a huge complimentary benefits, comprising roundtrip airport transfer, personal check-in at Le Bar, welcome drink upon arrival, welcome canapé and cold towel upon arrival, welcome fruit platter in room on arrival date, daily turn-down service, free of use Wi-Fi and special set up for honeymooner with roses and candle.

For booking or more information, catch up Advantage Plus Team at +84 (0)8 3933 1000 or directly contact La Veranda Resort at +84 (0)773 982 988, email contact@laverandaresorts.com
 
Press contact:
  Ms. Vu Thi Anh Tuyet - Marketing & Communications Manager
  Tel: +84 909 344 770 - Email: marcom@laverandaresorts.com

Vietnam Airlines offers special promotional fare to Europe. For more informaton, please refere to the attached.

Dear Valued Clients,

We are delighted to offer this Tax Alert which provides introduce new rules on depreciation of fixed assets.

We welcome your enquiries, comments or suggestions concerning our Tax Alert.

If you do not wish to receive future Issues or would like us to include other recipients, please let us know.

Any enquiries regarding the content of this issue may be directed to your regular Ernst & Young contacts or the contacts mentioned in this Tax Alert.

For more information, kindly refer to the attached file in both English and Vietnamese.

Founded in 1998, The 4* Victoria Can Tho Resort is the first resort following the 4* international standard in the Western Capital. Over 15 years, Victoria Can Tho Resort has maintained its position as the most favorite luxurious resort for visitors in Can Tho.

On the occasion of 15th anniversary (10/15/1998 - 10/15/2013), Victoria Can Tho Resort launches many special offers for guests who stay at the resort from May to October 2013. On the 15th of every month, Victoria Can Tho will offer 15% discount on selected services including Spa, F&B, and excursion to the hotel guests who are staying at the resort during that time. In addition, guests will have a chance to enter a lucky draw to win an exclusive prize from the resort.

For more information, please refer to the attached.

Dear all,

Please find attached our Technical Update of May 2013 for your information.

Should you require further information, please contact your usual KPMG advisor or one of the tax professionals listed in the fact sheet.

Thanks and best regards,

KPMG Limited
10th Floor, Sun Wah Tower
115 Nguyen Hue Street, District 1
Ho Chi Minh City, Vietnam
Tel: +84 8 3821 9266
Fax: +84 8 3821 9267
www.kpmg.com.vn

Job title: MEP Manager

About Atlas Industries Vietnam:

Atlas is a leading provider of quality 2D, 3D and BIM documentation and project delivery services to architectural practices, engineering consultancies and contractors. With offices in the UK, Middle East, Vietnam and Australia, Atlas reduces risk and increases productivity by offering a flexible, scalable and skilled team that fits programme demands. Having collaborated with 112 clients in 8 countries and, in the past three years, delivered over 250 major projects, we remain the trusted delivery partner to clients around the world.

Job Description

The MEP Manager will be based in our Ho Chi Minh City operations centre in Vietnam and will have responsibility for managing and overseeing the delivery of Atlas’ MEP services for our international clients. This diverse role will require you to oversee the delivery of MEP design and drawing packages and documentation on projects predominantly within the buildings sector. As this is a growing division within Atlas, you will initially be required to manage external MEP service providers and will play an active part in identifying, bidding and winning new work. The successful individual will ensure technical excellence throughout the division and will play an integral part in the growth, strategic leadership and operational performance of our MEP division.

Please see the attachement or click here. for Job Description.

On Wednesday 29 May, EuroCham and BBGV signed a Memorandum of Understanding (MoU) to become Business Association partners at the EuroCentre in Ho Chi Minh City. The MoU is a demonstration of their shared interest in the development of business ties between Vietnam and Europe. The cooperation will aim to identify issues of concern to the business community so that these can be addressed in bilateral fora, such as the Joint Economic and Trade Committee, and through multilateral agreements, e.g. the EU-Vietnam FTA.

Please find the attached Press Release for further information about the MoU Signing.