Economy

VN firms wary of 2018 e-invoicing

Thursday, 14 September 2017 09:09

VN firms wary of 2018 e-invoicing Rushing to replace paper bills with e-invoices is expected to pose a challenge to many businesses.
 

Exclusive incentives for special economic zones recommended

Wednesday, 13 September 2017 09:40

Exclusive incentives for special economic zones recommended The draft Law on Special Administrative-Economic Units, which proposes a series of land and tax incentives to attract more investment to three special economic zones in Quang Ninh, Khanh Hoa, and Kien Giang provinces, has been officially submitted to the National Assembly Standing Committee.
 
 

Finance Ministry proposes cut in some fees, charges

Tuesday, 12 September 2017 09:09

Finance Ministry proposes cut in some fees, charges The Ministry of Finance (MoF) has drafted a few adjustments to charges and fees in several sectors under its management.
 
 

IPO at any cost might risk market manipulation

Monday, 11 September 2017 13:41

IPO at any cost might risk market manipulation Throughout the SOE equitisation process, the valuation of enterprises pre-equitisation is a key step as a premise to approve the equitisation plan. However, the appraisal process of determining an enterprise’s value has shown that there are still many shortcomings and gaps in practice, possibly leading to the loss of state resources.
 
 

Deputy PM: hasten loss handling

Saturday, 09 September 2017 09:15

Deputy PM: hasten loss handling Deputy Prime Minister Vuong Dinh Hue told the Ministry of Industry and Trade (MoIT) on Wednesday to hasten the handling of 12 inefficient projects under its management.
 
 

Corporate tax law changes worry businesses

Friday, 08 September 2017 09:51

Corporate tax law changes worry businesses The Ministry of Finance (MoF) has announced changes in the Law on Corporate Income Tax (CIT) to better regulate and monitor the level of equity and taxable income for firms operating in Viet Nam.
 
 

Minister slams slow pace of agriculture investment

Thursday, 07 September 2017 11:03

Minister slams slow pace of agriculture investment Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong has said that efforts to attract investment in agriculture were not yielding sufficient fruit, urging authorities to focus on unbuckling bottlenecks to ease investment. 
 
 

Vietnam Airlines to finalise schedule for call option auction

Wednesday, 06 September 2017 09:46

Vietnam Airlines to finalise schedule for call option auction Vietnam’s biggest air carrier Vietnam Airlines will finalise the schedule to auction call options over 57.8 million shares before the end of the third quarter of 2017.
 
 

Low land taxes prompt rich to hoard money in houses

Tuesday, 05 September 2017 10:18

Low land taxes prompt rich to hoard money in houses  A house with a floor area of 100 square meters on Dong Khoi street in District 1 of HCMC has a market price of VND1 billion per square meter. 
 
 

State budget collection hits $27bil. in eight months

Friday, 01 September 2017 09:44

State budget collection hits $27bil. in eight months The total State budget collection hit upwards 623.2 trillion VND (27 billion USD) in the first eight months this year, meeting 64.4 percent of the yearly estimate and rising by 10.8 percent annually, reported the General Department of Taxation. 
 
 

Transport ministry to raise airport service charges

Thursday, 31 August 2017 10:01

Transport ministry to raise airport service charges The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality.
 
 

Finance Ministry wants 1% tax on transfer price in M&A deals

Wednesday, 30 August 2017 10:28

Finance Ministry wants 1% tax on transfer price in M&A deals In an effort to prevent involved parties from evading tax by inaccurately declaring profits from M&A deals, MOF plans to tax one percent on the transfer price, to be applied to businesses, and one percent on income, to be applied to individuals.
 
 

Tax agencies ramp up anti-transfer pricing measures

Tuesday, 29 August 2017 09:23

Tax agencies ramp up anti-transfer pricing measures The more aggressive enforcement of transfer pricing laws may make life harder for multinational companies in Vietnam who do not carefully follow the tax authority’s guidance.
 
 

Ministry drafts auto part tax cut

Monday, 28 August 2017 09:13

Ministry drafts auto part tax cut The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation’s rules.
 
 

Government bond auctions run into problems

Saturday, 26 August 2017 08:59

Government bond auctions run into problems After tasting success in the first seven months, the issue of Government bonds have been facing difficulty from early August with the bidders’ expectation of rising interest rate and decreasing bank liquidity.
 
 

Gov’t considers recognising bitcoin in VN

Saturday, 26 August 2017 08:52

Gov’t considers recognising bitcoin in VN Prime Minister Nguyen Xuan Phuc this week approved the plan to scrutinise and streamline the legal framework for the management of cryptocurrencies such as bitcoin in Viet Nam.
 
 

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