Tags: mof

MoF proposes fines for invoice violations

MoF proposes fines for invoice violations

The Ministry of Finance (MoF) has proposed fines of between 20 million VND (862 USD) and 50 million (2,155 USD) for the act of printing fraudulent invoices.

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.

Equitisation of SOEs still sees slow progress

Equitisation of SOEs still sees slow progress

Only nine state-owned enterprises (SOEs) were given the green light from the government for their equitisation plans this year, reported the Ministry of Finance (MoF).

State budget revenue to meet five-year target: MoF

State budget revenue to meet five-year target: MoF

Collection of the State budget between 2016 and 2020 is expected to meet the target of 6.8 quadrillion VND (nearly 293 billion USD), the Ministry of Finance (MoF) reported on October 21.

SOE equitisation, divestment fall short of target: Ministry

SOE equitisation, divestment fall short of target: Ministry

Only 11 State-owned enterprises (SOEs) were equitised in the first nine months of this year, making the country’s target to complete the equitisation of at least 85 SOEs this year unlikely to reach, according to an official from the Ministry of Finance (MoF).

Insurers’ total assets reach over US$15 billion

Insurers’ total assets reach over US$15 billion

Total assets of Vietnamese insurance companies in the first eight months of the year surged sharply by 35.16% year-on-year to nearly VND365.52 trillion (US$15.55 billion), a report from the Ministry of Finance (MoF) showed.

Finance ministry proposes ban on raw mineral exports

Finance ministry proposes ban on raw mineral exports

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.

Ministry proposes tougher bitcoin regulations

Ministry proposes tougher bitcoin regulations

The Ministry of Finance (MoF) has proposed to temporarily halt the import of bitcoin mining machines to improve the management of bitcoin and cryptocurrency transactions.

Tax rise will be burden on consumers: experts

Tax rise will be burden on consumers: experts

Just within one year, the Ministry of Finance (MOF) proposed raising a series of taxes, citing international practices and the goal of increasing tax collections for the state.

SOE equitisation needs faster pace

SOE equitisation needs faster pace

The Ministry of Finance (MoF) has urged some State-owned enterprises (SOEs) to hasten their equitisation and divestment plans, as progress remains slow and might fail to meet their deadlines this year.

Experts’ reactions to MoF tax plan mixed

Experts’ reactions to MoF tax plan mixed

Experts’ reactions to the Ministry of Finance’s (MoF) tax adjustment draft have been mixed, while the business community struggles to keep up with the variety of proposed tax hikes.