Ministry announces petroleum products’ price hike

Ministry announces petroleum products’ price hike

The Ministry of Finance has issued a document revising the price of local petroleum products upwards starting at 4pm today.
Audit uncovers fuel wholesalers’ hefty profits

Audit uncovers fuel wholesalers’ hefty profits

Although fuel wholesalers have repeatedly claimed a “refrain” bemoaning of losses, they have actually been operating with enormous profits, Deputy Minister of Finance Vu Thi Mai said in a press briefing yesterday, citing audit results.
Electricity rate hike put on hold

Electricity rate hike put on hold

Electricity rates will remain unchanged this month, Deputy Prime Minister Hoang Trung Hai said in an interview with local press on November 7.
Finance ministry plans changeover to IT

Finance ministry plans changeover to IT

A master plan to apply information technology in finance that has been approved by the Ministry of Finance seeks to push 80 per cent of tax-related tasks online by 2015, among other goals.
Export turnover likely to reach $84 bln

Export turnover likely to reach $84 bln

Export turnover is expected to hit $84.5 to 85.5 billion for the year, $6.1 billion higher than the target set by the National Assembly.
Petrol price constant despite global fluctuation

Petrol price constant despite global fluctuation

The Ministry of Finance has decided against cutting petrol prices but instead will raise import duty on petrol and increase the petroleum price stabilisation fund, aimed to balance benefits amongst gasoline companies, state and consumers.
List of national target programs in 2011

List of national target programs in 2011

Some 15 national target programs will be carried out in 2011, according to PM Nguyen Tan Dung’s Decision No. 2331/QĐ-TTg dated on December 20, 2010.
Vietnam keeps importing Japanese farm goods

Vietnam keeps importing Japanese farm goods

Vietnam would continue to import farm products from Japan but would strengthen inspection on radiation safety, the Ministry of Agriculture and Rural Development announced.
Business tax cheats to have licences revoked

Business tax cheats to have licences revoked

The Ministry of Finance has said it will recommend that businesses found to be evading taxes by repeated declaration of losses have their licenses revoked.
Germany closes 4,700 farms for dioxin checks

Germany closes 4,700 farms for dioxin checks

Germany closed more than 4,700 farms and related businesses for safety checks late Thursday after tests on suspicious feed confirmed the presence of a cancer-causing dioxin.
Ministry sets out to stabilise petrol prices through end of 2011's first quarter

Ministry sets out to stabilise petrol prices through end of 2011's first quarter

The Ministry of Industry and Trade on December 16 held a meeting with local petrol traders to ensure petrol supply and price stability.

S.Korea to restore tax on foreign bond purchases: ministry

South Korea announced Thursday it would restore a tax on foreigners buying government bonds, warning that excessive capital flows could destabilise the economy and push the local currency even higher.
Vietcombank in equitisation fix

Vietcombank in equitisation fix

State-owned Vietcombank still insists that issuing preferred shares prior to equitisation is the right course of action, despite strong objections from the Ministry of Finance (MoF) and the Ministry of Internal Affairs (MoIA).

Foreigners’ share limit set to be raised

THE Ministry of Finance is set to raise the limit on the stake that foreign investors will be allowed to hold in a listed company within a couple of months.The head of the banking and finance department of the Ministry of Finance, Pham Phan Dung, confirmed to Vietnam Investment Review last week that a draft to raise, or even remove, the current 30 per cent limit on foreign shareholders was being developed.
Ministry sets EPZs straight on tariffs

Ministry sets EPZs straight on tariffs

The Ministry of Finance is likely to refuse to apply newly reduced common effective preferential tariffs to export processing zones, despite heavy lobbying from zone firms.
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