The Vietnam Tax Consultants Association (VTCA) has completed the draft on the new tax policy for information technology (IT) firms as assigned by the government. It plans to give more tax incentives to encourage the development of the industry.
FPT Information System Company (FPT IS) beat five international contractors to win a US$33.6 million contract to provide, implement and maintain the Integrated VAT Administration System (IVAS) for the Bangladeshi government.
(VOV) -Measures to resolve difficulties and support the business and investment activities of overseas Vietnamese (OV) enterprises were discussed in a conference held in Ho Chi Minh City on August 21.
Foreign investors have commended the improvements made in Vietnam’s investment and business climate over recent years.
Viet kieu (Overseas Vietnamese or OV), who are intellectuals, experts and skilled workers, have been granted a tax exemption on used cars they bring to Vietnam , according to a new Government decree.
The National Audit Report for the 2014 fiscal year was announced in Hanoi on July 11 by the State Audit of Vietnam (SAV).
Domestic fertiliser makers say they will face difficulties if they are not granted exemptions from value-added tax on input materials they need for production.
Foreigners and Vietnamese expatriates will receive value added tax (VAT) refunds for goods purchased in Vietnam when exiting the country through Phu Quoc International Airport in the Mekong Delta province of Kien Giang.
Vietnam is making appropriate strides in tax administrative procedure reform, said Joanna Nasr, a World Bank expert, at a workshop in Hanoi on January 15.
(VOV) - The Vietnam-China Border Trade Fair taking place on November 8-12 in Hekou, China has resulted in about 19 business deals worth US$440 million so far, according to the Lao Cai province Department of Industry and Trade.
(VOV) - A forum opened in Seoul, the Republic of Korea (RoK), on September 17 to introduce Vietnam’s tourism potential and create a forum for travel agents of the two countries to seek partnerships and boost cooperation.
(VOV) - The Ministry of Finance (MoF) will abolish unnecessary tax and customs procedures in an effort to facilitate business operations, said MoF Minister Dinh Tien Dung.
(VOV) - Most Middle Eastern countries, particularly Saudi Arabia, have a high demand for importing construction materials and furniture, creating plenty of opportunity for Vietnamese businesses to access the market.
Ho Chi Minh City has refunded over VND30 billion (US$1.4 million) of value added tax (VAT) to foreigners exiting Vietnam through Tan Son Nhat International Airport border gate since July 1, 2012.
(VOV) -A targeted value added tax (VAT) reduction would help businesses upgrade technology and develop high value added products, participants at a February 13 meeting in Hanoi have suggested.
Ho Chi Minh City has been assigned to collect VND226 trillion (US$10.7 billion) for the State budget in 2014, or 29 percent of the total revenues of the state coffer.
Taxes and duties collected in the first nine months of this year by the General Department of Customs rose 13.8 percent year-on-year to nearly VND160 trillion (US$7.27 billion), meeting only 67.6 percent of the annual target.
The State budget deficit was estimated to hit VND92.39 trillion (US$4.35 billion) in the first half of this year, equal to 57 percent of the annual plan set by the National Assembly.
(VOV) -Businesses regard value added tax (VAT) reductions as a practical measure to help them through a difficult time.
(VOV) - The National Financial Supervision Committee has forecast that Vietnam’s inflation rate in 2013 will be controlled at less than 7 percent.