Tags: finance ministry

Finance ministry to consider VAT of 5% on fertiliser

Finance ministry to consider VAT of 5% on fertiliser

The Ministry of Finance will consider a value-added tax (VAT) rate of 5% on fertiliser products which are now free of VAT in response to domestic producers’ claim that the zero VAT policy made it harder for them to compete.

Budget collection drops 9.2% in Jan-May

Budget collection drops 9.2% in Jan-May

An estimated VND577 trillion (US$24.86 billion) was collected for the State budget in the first five months of the year, equal to 38.2% of the estimate and down 9.2% compared to the same period last year.

Public capital disbursement improves in first two months

Public capital disbursement improves in first two months

Almost VND34.75 trillion (US$1.49 billion) of public investment capital was disbursed in the first two months of 2020, equivalent to 7.38% of the year’s plan and nearly doubling the value and progress in the same period last year.

Deputy PM asks for stepping up industrialisation strategy

Deputy PM asks for stepping up industrialisation strategy

Deputy Prime Minister Trinh Dinh Dung on December 20 requested stepping up the implementation of the Vietnam’s industrialisation strategy within the framework of the Vietnam – Japan cooperation towards 2020 with a vision to 2030.

Finance Ministry responds to Moody’s latest rating action

Finance Ministry responds to Moody’s latest rating action

The Vietnamese Ministry of Finance (MoF) on December 18 said Moody's Investors Service’s decision to confirm VN’s rating at Ba3 but change the outlook to negative was not appropriate, given it is grounded on an isolated incident and does not adequately recognise the VNese Government’s instituted policies and procedures to ensure smooth, timely debt repayment on government guaranteed borrowings.

CPI target for 2019 feasible: experts

CPI target for 2019 feasible: experts

The target of keeping the country's inflation below 4 percent is feasible, experts said at a recent seminar held in Hanoi by the Institute of Economics and Finance (IEF) under the Academy of Finance.

Finance Ministry warns of sluggish ODA disbursement

Finance Ministry warns of sluggish ODA disbursement

VOV.VN - The Ministry of Finance has blamed the alarmingly slow disbursement of official development assistance and preferential loans for deadlocks in allocation plans, investment and lending procedures and those related to spending management and capital withdrawal.