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Report American Arrested in Vietnam for Tax Evasion Scheme
File photo for reference only An American man has been arrested in Vietnam over allegations of tax evasion totalling more than VND3.2 billion (US$125,000). Hanoi police disclosed Monday that they are investigating 64-year-old Stephen Ward Kim. Kim is the legal representative of Durian Co., Ltd., a foreign-owned company operating in Vat Lai Commune, Hanoi. The company specialises in importing raw materials to produce garments for export, utilising a temporary import–re-export model. Trouble arose when investigators discovered that Kim allegedly misused Vietnam's duty exemption policy. This policy is designed to support companies by exempting taxes on goods imported for export processing. However, Kim reportedly manipulated this system, providing inaccurate customs declarations to evade paying significant tax amounts. Authorities assert that Kim’s actions led to an evasion exceeding VND3.2 billion, raising concerns over the integrity of the duty-free import policy. This scheme allowed Kim to benefit financially by bypassing taxes that otherwise would have applied to his company’s imports. The case has shed light on potential vulnerabilities within the Vietnamese tax system, particularly concerning foreign-owned enterprises operating under special trade arrangements. The duty exemption policy aims to encourage foreign investment and local production by alleviating tax burdens. Unfortunately, cases like Kim’s highlight the risks of exploitation that can accompany these incentives. Hanoi police are intensifying their investigation, examining the depth of the company's operations and the extent of possible irregularities. Authorities have emphasised their commitment to maintaining transparency and fairness in business practices across Vietnam. They are scrutinising records and practices to ascertain whether similar cases may involve other foreign entities misusing tax exemptions. Stephen Ward Kim's arrest serves as a stark reminder of the challenges faced by Vietnam as it seeks to balance welcoming foreign business with safeguarding its fiscal policies. The incident showcases the imperative need for vigilant monitoring and robust systems to detect and deter such fraudulent activities. The Vietnamese government has been actively seeking international investment to boost its garment industry among other sectors. This ongoing investigation could prompt policymakers to reassess the regulatory environment, ensuring it remains attractive to genuine investors while protecting against exploitation. Experts suggest that while the duty exemption policy plays a crucial role in fostering economic growth, improvements in regulatory oversight are necessary to prevent future abuses. The integration of improved technologies and tighter compliance checks might be paths to enhancing the system’s resilience against fraud. Meanwhile, foreign businesses operating in Vietnam are likely to take notice, assessing their own compliance strategies to avoid entanglement in similar situations. This case may encourage a more cautious approach among investors, who now see that Vietnamese authorities are serious about clamping down on tax evasion. As the investigation unfolds, it remains to be seen what impact this will have on both Vietnam’s tax laws and its relationship with foreign investors. Stephen Ward Kim’s case might catalyse policy changes aimed at reinforcing the framework that supports international trade while ensuring the nation’s economic integrity. Vietnam continues to project an image of an open and business-friendly environment, but cases like this underscore the necessity for constant vigilance and adaptation in tax regulation to sustain growth and fairness within its borders. Adapted by ASEAN Now from VN Express 2025-08-05 -
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The latest hotel construction has dried up our water.
At a loss your subject seems different than your question -
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Report Thaksin’s Niece Denies Explosive Cambodia Spy Claims
With the defamation laws in this country, I am willing to be whoever started this has proof. It will be interesting to see the next steps -
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Report Thaksin’s Niece Denies Explosive Cambodia Spy Claims
Chayika Wongnapachant ExperienceExperience Specialist in Political Marketing, PR and Foreign Affairs Specialist in Political Marketing, PR and Foreign Affairs Specialist in Political Marketing, PR and Foreign Affairs Pheu Thai Party · Full-timePheu Thai Party · Full-timeJan 2021 - Present · 4 yrs 8 mosJan 2021 to Present · 4 yrs 8 mosBangkok, Bangkok City, ThailandBangkok, Bangkok City, Thailand Chief Marketing Officer Chief Marketing OfficerChief Marketing Officer (Shin owned company) ViiN Capital Co., Ltd. · Full-timeViiN Capital Co., Ltd. · Full-timeOct 2019 - Jan 2022 · 2 yrs 4 mosOct 2019 to Jan 2022 · 2 yrs 4 mosBangkok City, ThailandBangkok City, Thailand EducationEducation https://media.licdn.com/dms/image/v2/C560BAQFM6DMQOrhKkg/company-logo_100_100/company-logo_100_100/0/1657990963922/seattle_university_logo?e=1757548800&v=beta&t=XYBrmNozPDjBPbQ-s9dCXQuk8thI--RKuaGEq2kcCMY Seattle UniversitySeattle University Bachelor of Business Administration - BBA, Business Administration and Management, GeneralBachelor of Business Administration - BBA, Business Administration and Management, General https://media.licdn.com/dms/image/v2/C560BAQFM6DMQOrhKkg/company-logo_100_100/company-logo_100_100/0/1657990963922/seattle_university_logo?e=1757548800&v=beta&t=XYBrmNozPDjBPbQ-s9dCXQuk8thI--RKuaGEq2kcCMY Seattle UniversitySeattle University Bachelor of Business Administration - BBA, Business Administration and Management, General Seattle University ranked 152 in the U.S. https://www.linkedin.com/in/chayika-wongnapachant-473341163/?originalSubdomain=th -
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Will Trump's "war on facts" eventually catch up with him?
One of the positive aspects of Trump continuing to obfuscate, lie and spin is that a lot of Americans are seeing through the nonsense, and that's one of the reasons why his polling is so dismal at this point. And before his supporters start defending him with accusations of fake poll numbers bear in mind that's the exact reason why he got himself in this pickle. Lies. -
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Report NAIA Slashes Overnight Parking Fees for Verified Travellers
File photo for reference only The Ninoy Aquino International Airport (NAIA) has announced a 50% reduction in overnight parking fees for verified passengers, a move hailed as a relief for genuine travellers. This development came as the head of the Manila International Airport Authority (MIAA), Eric Ines, expressed support for the new pricing strategy. New NAIA Infra Corp. (NNIC), responsible for managing the parking operations, revealed the change on social media, detailing that passengers who can verify their trip ticket and boarding pass will pay only PHP600 (approximately 360 Thai Baht) instead of the standard PHP1,200. Ines noted, “I could not say whether the 50-percent reduction is right or wrong. But it is good for the passengers. It will be a relief for them," during an interview with the Philippine News Agency. Despite the price drop, the MIAA’s ability to regulate parking fees is limited. According to Ines, the authority can only cap fees for the first two hours of parking. Currently, the NNIC charges PHP50 for this initial period. Beyond this, fees are deemed non-regulated, and the MIAA cannot intervene. Under Administrative Order No. 1, revised for 2024, there are clear distinctions between regulated and non-regulated fees. While charges such as rent and leases fall under non-regulated fees, others, like the take-off and landing fee, are subject to regulation. The MIAA as a regulator doesn't possess the authority to alter the rates of regulated fees autonomously. Any change must undergo discussions at a national level involving the Department of Economy, Planning and Development (formerly NEDA) and the Public-Private Partnership (PPP) Centre. Ines emphasised that MIAA is bound by the terms of the existing concession agreement. The reduction has been well-received by travellers. Karen Villanueva, a frequent flyer, welcomed the discount, noting, “That’s better although still prohibitive. That is already a day’s wage.” In Filipino culture, where “hatiran and sunduan” (bringing to and fetching from the airport) is common, parking costs can add up quickly, so any reduction is seen as beneficial. The reduction in fees is part of ongoing efforts to balance traveller convenience with operational efficiency. It remains to be seen whether further regulatory changes will take place, but the current adjustment is a promising start for those frequenting one of the region's busiest airports. As discussions around regulated and non-regulated fees continue, passengers remain hopeful for continued improvements in affordability and service at NAIA, ensuring a smoother travel experience for all. Adapted by ASEAN Now from PNA 2025-08-05
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