Tag: VAT
VAT reduction helps economic recovery
Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.
Obstacles get in the way of e-tax payments
The launch of e-tax was expected to facilitate tax declaration and tax payment, but some firms are still finding it difficult to fulfil their financial duties via the online portal.
Vietnam speeds up disbursement of economic recovery package
Vietnam will soon disburse at least 50% of the VND350 trillion (US$15.42 billion) economic recovery package, the largest in its history, aiming to reboot the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic.
Vietnamese trade balance remains in surplus in early 2022
VOV.VN - Vietnam’s merchandise trade balance remains in surplus, despite an export slowdown, while FDI commitment and disbursement enjoyed a solid start to the year, according to the “Vietnam Macro Monitoring” monthly report released by the World Bank.
VAT drop can have "dual effect" to stimulate economic growth and curb inflation
VOV.VN - To control the CPI growth rate at approximately 4% in 2022 according to the target set by the National Assembly the price management should continue to be implemented flexibly from the first months of the year to remove difficulties for production and business activities, and people's life.
WB optimistic about prospects for Vietnamese economic recovery
VOV.VN - Despite Vietnam facing challenges in restarting its economy following a prolonged lockdown, positive dynamics observed in October would suggest continued pickup and strengthening of growth in coming months, according to the World Bank.
ASEAN, Czech Republic look to standardise customs procedures
The Association of Southeast Asia Nations (ASEAN) Committee in coordination with the Customs Administration of the Czech Republic has held a webinar to introduce the electronic customs of the European country.
Online B2C deals to EU to be subject to value added tax from July 1
Online B2C transactions to Europe will be subject to value added tax (VAT) from July 1, the Vietnam Trade Office in Belgium and European Union (EU) has said.
Tourism industry needs support
The Ministry of Culture, Sports and Tourism has asked Prime Minister Nguyen Xuan Phuc for urgent support for tourism businesses impacted by the second wave of COVID-19.
Textile and apparel sector must solve material problem before EVFTA takes effect
VOV.VN - With the EU-Vietnam Free Trade Agreement (EVFTA) set to come into force on August 1, it is considered a great opportunity for the Vietnamese textile and apparel industry.
