Viet Nam - foreign tobacco firms feel the squeeze, lose business certificates..

Coat-of_Arms..
November 9, 2010 - Deputy Prime Minister Hoang Trung Hai has approved a Ministry of Industry and Trade’s proposal to end the operation of three international tobacco company branches in Viet Nam after their business certificates expire.

The Government will not renew business certificates for JTI (Japan Tobacco International) Viet Nam Pte Ltd, BAT (British American Tobacco) Viet Nam Ltd, and Philip Morris Viet Nam SA, according to an announcement published by the Government Office’s website last Friday.

BATVJ, a joint venture between the BAT and the Vietnam Tobacco Corporation, has been accused of tax fraud.

International Resource Center - Vietnam: Overview..

Reference: Foreign tobacco firms feel the squeeze, lose business certificates, VietNamBusiness.asia, 11/2/2010.

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Viet Nam is a member of the Southeast Asia Tobacco Control Alliance (Seatca).