It is unlikely that State budget revenue will reach the 2020 target approved by the National Assembly of over VND1.51 quadrillion (US$64.89 billion) due to the impact of COVID-19, Minister of Finance Dinh Tien Dung has said.
Vietnam is coordinating with Japan on the investigation of a Japanese company allegedly paying bribes to Vietnamese tax and customs officials, said Minister of Public Security To Lam on the sidelines of the National Assembly meeting on May 26.
The National Assembly (NA) Standing Committee continued its 44th session on April 28 with discussions on extending the legislature’s draft Resolution on agricultural land tax exemptions to the end of 2025.
The Ministry of Finance has suggested adding four sectors into the list of industries eligible for extension of tax and land lease payment deadlines with a total sum of VND180 trillion (US$7.82 billion).
Prime Minister Nguyen Xuan Phuc has commended the tax sector for doing a good job in reshuffling its apparatus, and urged the sector to continue with reform of tax procedures.
As many as 30 medical equipment manufacturers were fined nearly 65 million VND (2,800 USD) for violations in trading medical supplies serving the fight against the novel coronoavirus disease (COVID-19) on February 15.
The Ministry of Finance has decided to exempt tax on the import of five commodity groups needed to fight the novel coronavirus in Vietnam.
Minster of Finance Dinh Tien Dung on January 13 asked for greater efforts from the tax sector to well implement the budget collection plan for 2020 assigned by the National Assembly and the Government.
The Ministry of Finance aims for State budget revenue in 2020 to be 3 percent higher than the estimate set by the National Assembly, said Minister Dinh Tien Dung on January 10.
A sustainable stock market would help drive Vietnam’s economic growth and serve the nation, said Minister of Finance Dinh Tien Dung.
The 14th National Assembly began questioning ministers and heads of sectors on November 6, as part of its ongoing eighth session in Hanoi.
Finance Minister Dinh Tien Dung presented a report on the State budget performance in 2019, estimates for 2020 and the five-year financial plan (2016-2020) to the National Assembly on October 31.
The State should hold 100 percent capital at the Vietnam stock exchange, expected to be merged from the two current bourses under the revised draft Law on Securities, an official said.
Vietnam’s outstanding tax payments had reached 88.25 trillion VND (3.8 billion USD) as of September, up 8.2 percent from the end of 2018, Finance Minister Dinh Tien Dung said.
National Assembly (NA) deputies will have a plenary discussion on October 22 focusing on the draft revised Securities Law as part of their ongoing eighth session.
Lawmakers on September 17 agreed on the need to issue a draft decree regulating customs procedures for goods transiting Vietnam via the ASEAN Customs Transit System.
The alarmingly sluggish disbursement of official development assistance (ODA) capital and foreign soft loans continued to be the topic of a teleconference in Hanoi on September 13.
Vietnam’s ratification of the CPTPP and the EVFTA compels the country to liberalize the state sector.
More than 200 foreign firms attended a conference to promote investment in Vietnam in London on July 4, which was chaired by Minister of Finance Dinh Tien Dung.
Việt Nam plans to raise the cross-border trade transaction index by 3-5 places this year compared to 2018.