tax reduction for ambitious growth target

Tax reduction for ambitious growth target

Pham Dinh Thi, head of Tax Policy Department at the Ministry of Finance, brings some light to the government’s efforts to help businesses surmount difficulties to realise the ambitious target of one million healthy businesses by 2020.
ma tax payments vex authorities

M&A tax payments vex authorities

Tax in a merger and acquisition (M&A) is a complicated matter, but Nguyen Van Phung, head of the Big Corporate Tax Department of the General Department of Taxation under the Ministry of Finance and speaker at the 2016 Vietnam M&A Forum: “M&A in Wider Economic Boundaries”, told VIR’s Manh Bon that the tax authorities will make sure to collect their dues one way or another.
government bonds profit from surge in interest

Government bonds profit from surge in interest

The mobilised government bond volume jumped sharply in the first half this year. Minister of Finance Dinh Tien Dung shared inside perspectives with VIR’s Manh Bon on the government bond situation during the period and what measures have been taken to ensure healthier development of the bond market.
professional ethics of journalism enshrined in press law 2016

Professional ethics of journalism enshrined in Press Law 2016

Ho Quang Loi, standing deputy chairman of the Vietnam Journalists’ Association, brings light to some new content in the Press Law 2016, particularly in regard to professional ethics of journalists in the current context of complex development circumstances.
further sct tweaks seem imperative

​Further SCT tweaks seem imperative

Amendments and supplements to the Law on Special Consumption Tax took effect from January 1, 2016. Nguyen Thi Cuc, chairwoman of Vietnam Tax Consultants’ Association, however, stresses the importance of further tax revision to facilitate actual development requirements and protect taxpayers’ rights.
bond issuances put pressure on bank interest rates

Bond issuances put pressure on bank interest rates

Bank mobilisation and lending rates are predicted to rise. Nguyen Ngoc Hoa, a member of National Assembly’s Economic Committee and also deputy director of Ho Chi Minh City Department of Industry and Trade, sheds light on its impact on business performance as well as the inflation situation.
boosting soe equitisation efficiency

Boosting SOE equitisation efficiency

Vietnam’s socioeconomic development plan for 2016-2020 was approved by the National Assembly on April 12. 
putting lending restrictions on oda capital

Putting lending restrictions on ODA capital

Accelerating capital disbursement is vital to scoring higher economic growth. Increased investment, however, could drive up budget overspending and public debt as well as ring the bell for a possible return of inflation in the wake of less effective investment. Tran Hoang Ngan, a member of the National Assembly’s Economic Committee, highlights the need to apply a lending interest rate payment on official development assistance capital to bolster usage efficiency.
science and technology development crucial to avoid lagging behind

Science and technology development crucial to avoid lagging behind

The Political Report of the 12th Party Congress has set targets to increase the total factor productivity contribution to 25-30 per cent of the economy’s growth and increase labour productivity by 4-5 per cent per year in the upcoming period. Le Bo Linh, Deputy Chairman of the Committee for Science, Technology and Environment under the National Assembly, highlights the importance of spurring science and technology development by making concrete goals to fill the gap in development between Vietnam and regional peers.
improving the states role the focus of reforms

Improving the state’s role - the focus of reforms

Nguyen Dinh Cung, head of the Central Institute for Economic Management, sheds light on the key messages from the 12th National Party Congress documents which will usher in more radical institutional reforms this year to underpin sustainable development for the country.
effort to educate firms ratchets up a notch ahead of tpp launch

Effort to educate firms ratchets up a notch ahead of TPP launch

After years of negotiations between member countries, the contents of the Trans-Pacific Partnership have finally been made public knowledge. Vu Nhu Thang, head of the International Co-operation Department, offered VIR’s Manh Bon his take on when the partnership will come into effect, and what its impact will be.
identifying obstacles to equitisation

Identifying obstacles to equitisation

Dang Quyet Tien, deputy head of the Ministry of Finance’s Corporate Finance Department, talks about the progress and major challenges facing the government’s equitisation plan.
scic seeking to boost state capital divestiture efficiency

SCIC seeking to boost state capital divestiture efficiency

Further measures are proposed to assist the State Capital Investment Corporation (SCIC) to reach its target of finalising the state capital divestment plan on time, as assigned by the government.
expert sharing view on power hike effect on the gdp

Expert sharing view on power hike effect on the GDP

Power prices have increased by 7.5 per cent since March 16. Nguyen Bich Lam, chief of the General Statistics Office under the Ministry of Planning and Investment shares with VIR’s Manh Bon his take on the possible impacts higher power prices can have on the economy.
vietnamese labourers remain competitive in asean

Vietnamese labourers remain competitive in ASEAN

The ASEAN Economic Community is expected to shape up late this year, allowing regional labourers to find jobs wherever they want within the region. Deputy Chairman of the National Assembly’s Social Affairs Committee Bui Sy Loi explains why this would not be a concern for local labourers.