Ministry of Finance merges with MPI and CMSC

Ministry of Finance merges with MPI and CMSC

The MoF has taken over management of the Ministry of Planning and Investment and the CMSC following a merger on February 28.
ACCA welcomes 116 new members in Vietnam

ACCA welcomes 116 new members in Vietnam

The Association of Chartered Certified Accountants (ACCA) held a new member ceremony on October 23 and 24 themed “Driving Progress - Leading Change”.
Proposals looked at to change registration fees for certain EVs

Proposals looked at to change registration fees for certain EVs

The Ministry of Finance has proposed a decree that offers high registration fee incentives for electric vehicles.
Finance ministry proposes lower tax rate for micro and small enterprises

Finance ministry proposes lower tax rate for micro and small enterprises

To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17 per cent for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20 per cent.
Finance ministry proposes reducing 36 fees by year-end

Finance ministry proposes reducing 36 fees by year-end

The Ministry of Finance has proposed reductions of 10-50 per cent for 36 types of fees starting July 1 until the end of this year to help support business and production.
MPI to amend Decree 35 on the implementation of PPP regulations

MPI to amend Decree 35 on the implementation of PPP regulations

The MPI is to draft amendments to Decree 35 on the implementation of the Law on Public-Private Partnership Investment.
Vietnam’s road to emerging market status

Vietnam’s road to emerging market status

The Ministry of Finance (MoF) is asking for feedback on a draft circular aimed at upgrading Vietnam's stock market to 'emerging' status.
MoF not finished with scrutiny of insurers

MoF not finished with scrutiny of insurers

The Ministry of Finance is committed to ongoing inspections of insurance companies, having completed examinations on two life insurers and with several others either under review or slated for scrutiny imminently.
Tax authorities to cut at least 20 per cent of compliance costs related to business activities

Tax authorities to cut at least 20 per cent of compliance costs related to business activities

The General Department of Taxation (GDT) has said that it guaranteed to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent of compliance costs related to business activities and eliminate unnecessary regulations by 2025.
Bancassurance difficulties softened by profit results

Bancassurance difficulties softened by profit results

Although a decline in the sale of insurance products through banks has materialised in recent months, the sector remains a lucrative avenue for banks.
Tax authority returns nearly $3 billion in VAT

Tax authority returns nearly $3 billion in VAT

In the first seven months of 2023, Vietnam's tax authority has refunded $2.93 billion in VAT to businesses.
MoF collects data serving reduction of 35 kinds of fees, charges

MoF collects data serving reduction of 35 kinds of fees, charges

The Ministry of Finance (MoF) has sent a document to ministries, ministerial-level agencies and Government agencies asking for their coordination in the drafting of a circular on reducing fees and charges to ease difficulties for people and businesses.
Real estate market needs credit solutions: experts

Real estate market needs credit solutions: experts

In an effort to address the ongoing challenges faced by the domestic real estate market, an approach encompassing legal, administrative, and financial solutions is urgently required, particularly in the realm of credit.
Leaders declare intention to up PSRD deployment

Leaders declare intention to up PSRD deployment

Amid difficulties continuing to undermine the business community, the government is hurrying the deployment of the national hallmark socioeconomic recovery and development initiative in a bid to fuel enterprises’ performance and achieve desired economic growth.
MoF points out five key tasks of securities sector in 2023

MoF points out five key tasks of securities sector in 2023

Putting new information technology systems into operation is one of the securities sector's key tasks in 2023
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