The Ministry of Finance has officially asked the Government to cut 50% of the registration fee for customers who buy locally-produced and assembled automobiles.
The interest expense deduction limit may be raised from the current 20% to 30% to support businesses, according to a draft decree on tax management for enterprises with related party transactions the Ministry of Finance recently made public for comments.
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.
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.
The Ministry of Finance has cut the fees of nine securities services and exempted fees for six others as from March 19 as part of efforts to support the stock market amid the negative impact of the COVID-19 epidemic.
The Transport Ministry is asking for an aviation service fee subsidy for local airlines that have suffered an initial economic loss of over VND30 trillion (US$1.29 billion) due to the COVID-19 outbreak.
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.
Prime Minister Nguyen Xuan Phuc on January 10 asked the Finance Ministry to work closely with the Ministry of Planning and Investment to step up public investment disbursement.
Deputy Prime Minister Vuong Dinh Hue chaired a quarterly meeting of the National Financial and Monetary Policy Advisory Council in Hanoi on December 27.
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.
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.
Vietnam’s economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, according to the World Bank (WB)’s recent report.
Disbursement of foreign capital for infrastructure construction only reached 23.2 percent of the plan as of October 15, 2019, reported the Finance Ministry on October 23.
As online commerce has boomed, agencies fear that it will be difficult to prevent banned goods, goods restricted for import and export, and origin fraud.
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.
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.
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.
The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings.
All public debt indicators were under strict control and fell within the permissible limits set by the National Assembly’s Resolutions as of the end of 2018, according to the Finance Ministry.