(VOV) - The National Financial Supervision Committee has forecast that Vietnam’s inflation rate in 2013 will be controlled at less than 7 percent.
State budget revenue dropped by 1.9 percent in the first two months of the year to US$5.52 billion, accounting for 14.1 percent of the year’s estimated total.
(VOV) - Despite Government support, many businesses and sectors are still striving to escape the general downturn independently.
Nearly 2000 enterprises returned operation in June and July, according to the Deputy Finance Minister Do Hoang Anh Tuan.
An international seminar on Vietnam’s reform of the value-added tax (VAT) and corporate income tax, was held in Hanoi on August 8.
The falling inflation index in the first half of this year is attributed to unanticipated factors and the lack of middle and long-term strategies for stable economic growth.
Taxation bodies, customs agencies, treasuries, the two chosen commercial banks and enterprises have been making hectic preparations for the implementation of the pilot plan on refunding VAT to foreigners.
The Ministry of Finance will consider slashing the value added tax (VAT) by 50 percent in an effort to support businesses during the economic slowdown, said Finance Minister Vuong Dinh Hue.
The Ministry of Finance has affirmed that the State will not impose the 10-percent value added tax (VAT) on overseas remittances and foreign currencies channelled through banks.