VOV.VN - The Ministry of Finance will scrutinize amendments to tax law policy in 2019, centred on some measures aimed at preventing base erosion and profit shifting (BEPS) and restructure tax revenue sources.
Vietnam seems set to miss its target for privatizing state companies, causing fears this might affect its CPTPP commitments.
The Ministry of Finance has issued new securities-related service regulations for trading organisations and commercial banks doing business in Vietnam’s stock market.
Ho Chi Minh City’s State budget collection topped VND378.5 trillion (US$16.4 billion) as of December 31, 2018, or 100.47% of the estimate and marking a 8.65% increase year-on-year, Chairman of the municipal People’s Committee Nguyen Thanh Phong told a local conference on January 3.
The year 2018 ended with many remarkable events occurring in the financial sector, including the higher-than-expected State budget revenue, the hike in environmental protection tax, and the property tax proposal, among others.
The General Department of State Reserve under the Ministry of Finance has provided 120,428 tonnes of rice worth about VND1.18 trillion (US$50.74 million) to needy people in localities nationwide throughout 2018.
The Ministry of Finance aims to issue VND200 trillion (US$8.78 billion) worth of Government bonds and develop green Government bonds in 2019.
The price of E5 bio-petrol has dropped by VND1,446 per litre, while that of RON95 fell VND1,513 per litre following an announcement of petrol price adjustments released by the Ministry of Finance and Ministry of Industry and Trade on December 6.
Prime Minister Nguyen Xuan Phuc chaired a cabinet meeting on November 27 on the drafting of Resolution No.01 on major tasks and solutions to implement the socio-economic development and State budget estimate for 2019.
Between 2016 and now, State-owned enterprises (SOEs) have contributed to effectively implementing policies to ensure macroeconomic stability and curb inflation, helping bolster socio-economic development.
A forum on accelerating the process of reforming and improving the efficiency of state-owned enterprises (SOEs) was held by “Tap chi Kinh Te va Du Bao” (the Journal of Economics and Forecasting) in Hanoi on November 6.
The retail prices of petrol fell sharply from 3pm on November 6 following the latest adjustments by the Ministry of Finance and the Ministry of Industry and Trade.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung shed some light on issues regarding collaboration among ministries and agencies in monitoring monetary, fiscal, and macro policies during the ongoing sixth session of the 14th National Assembly in Hanoi on October 29.
Petrol prices decreased slightly, while those of oil remained unchanged after the latest adjustment of the Ministry of Industry and Trade and the Ministry of Finance on October 22.
Vietnam will open its public procurement market after the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect.
The retail price of bio-fuel E5 increased by VND320 per litre, while that of RON 92 rose VND293 per litre from 3pm on September 21 due to rising global prices.
Prime Minister Nguyen Xuan Phuc has signed a direction calling for urgent measures to improve the management of imports of waste as production material.
The Ministry of Finance (MoF) is proposing a sweeping ban on the export of raw minerals, a move that would indicate an escalation of the Government’s generally negative stance on a practice that generates little value while causing environmental devastation.
Efforts of the Ministry of Finance to restructure the Government bond market have turned the bonds into an important capital mobilisation channel for national economic development, stated Phan Thi Thu Hien, head of the ministry’s Finance-Banking Department.
The Ministry of Finance will collaborate with relevant ministries and agencies to review legal regulations to establish a customs bond system to facilitate customs clearance in Vietnam in the 2018-2019 period.