2022 is the year the Government deploys solutions to support businesses on a large scale

VCN - That is the assertion of Deputy Minister of Finance Cao Anh Tuan at the Dialogue Conference on tax and customs administrative policies and procedures in 2022, taking place in Hanoi on November 22, 2022.
Long An Customs removing obstacles to support businesses Long An Customs removing obstacles to support businesses
Quang Ninh Customs, Hai Phong Customs work together to support businesses Quang Ninh Customs, Hai Phong Customs work together to support businesses
Da Nang Customs achieves 93% target of revenue collection Da Nang Customs achieves 93% target of revenue collection

Proactively propose supportive solutions

According to the Ministry of Finance, the Ministry of Finance has actively monitored the actual developments to research, propose, and submit to the competent authorities as well as issue solutions according to its competence on the extension of the tax amount.

2022 is the year the Government deploys solutions to support businesses on a large scale
Deputy Minister of Finance Cao Anh Tuan spoke at the conference. Photo: Quang Hung

The Ministry of Finance has coordinated with the Vietnam Confederation of Trade and Industry (VCCI) and the Ministry of Planning and Investment to propose and advise the Government to submit to the National Assembly for approval Resolution No. 43/2022/QH15 on fiscal and monetary policies supporting the Socio-economic Recovery and Development Program, and at the same time continuing to implement solutions on extension, exemption and reduction of taxes, fees, charges and land rents.

In the taxation field, the General Department of Taxation continues to expand the scope of implementation of the electronic tax declaration, payment and refund system: The electronic tax declaration system has been deployed in 63 provinces and cities, 100% of tax sub-departments belong with 99.9% enterprises using electronic tax declaration services; 98.9% of enterprises pay taxes electronically; 99% of enterprises participate in electronic tax refund.

In particular, the e-invoice system has been officially applied nationwide from July 1, 2022 with all operating organizations and businesses that use invoices to switch to use electricity bills, all business households and individuals doing business according to the registered declaration method, converting to use electronic invoices as prescribed; deploying the Portal for Foreign Suppliers from March 21, 2022 to facilitate tax declaration, payment and tax management for foreign suppliers, Etax Mobile application, etc.

It is expected that the implementation of these solutions in 2022 will support businesses and people with the value of taxes, land rents, fees and charges of about VND233,000 billion, of which the amount of taxes, fees and charges is exempted or reduced bt about VND98,000 billion; the amount of tax and land rent to be extended is about VND135,000 billion.

Despite facing many difficulties in 2022, thanks to the efforts of the business community and entrepreneurs to overcome difficulties and the effective implementation of supportive solutions by the management agencies, the state budget revenue has recorded very positive results. Accordingly, the total domestic tax and fee collection in the first 10 months of 2022 reached 107.2% compared to the same period in 2021. Tax and fee revenue is increasingly sustainable and ensures investment in the development and maintenance of the apparatus, ensuring social security and national security.

According to Deputy Minister Cao Anh Tuan, with the above figures, it can be seen that 2022 is the year when the Government's solutions to support businesses and people on taxes, fees and charges have the largest scale and the widest application in many years.

Implementing the Government's resolutions on key tasks and solutions to keep improving the business environment and enhance national competitiveness in the past years and in the 2016-2020 period as well as the 2021-2025 period, the Ministry of Finance has been implementing many aspects of work, focusing on perfecting institutions, reforming administrative procedures and modernizing to create favorable conditions for enterprises.

In general, 100% of administrative procedures under the jurisdiction of the Ministry of Finance and its affiliated units have been provided online. So far, the total number of online public services deployed by the Ministry of Finance is 813.

Of which, the level 3 and 4 online public services are 464 (a rate of 57.07%) and have completed the connection and integration on the National Public Service Portal, reaching the rate of 63.79% (30% higher than the Government's requirement).

Online public services of the Ministry of Finance provide more and more utilities, help reduce time and costs, bring satisfaction to organizations and individuals, businesses when participating in transactions with the Finance agency and receive a good evaluation.

Closely monitor the situation to propose appropriate solutions

Besides the positive and favorable factors, it is forecast that there will still be many difficulties and challenges from the general adverse effects of the world economy, high inflation pressure, etc, affecting the process of economic recovery and development. The Ministry of Finance will continue to closely monitor the actual situation to study and propose appropriate solutions.

    Conference scene. Photo: Quang Hung
Conference scene. Photo: Quang Hung

In the field of customs, the General Department of Customs continues to promote the implementation of the National Single Window, the ASEAN Single Window; manage, supervise and ensure the operation of VNACCS/VCIS; centralized, safe and secure IT systems with smooth communication lines; promoting the development and implementation of IT applications to create many advantages for import and export activities, towards building a smart Customs model, thereby helping to reduce paperwork, shorten time, and reduce costs to implement administrative procedures in the field of import and export, fundamentally change the method of specialized inspection management, move towards international integration and develop strong digital customs services.

In the near future, according to Deputy Minister Cao Anh Tuan, the Ministry of Finance will focus on drastically and effectively implementing solutions on taxes, fees and charges that have been and are about to be issued; simultaneously summarize and evaluate the implementation to have solutions suitable with the actual situation.

Carrying on researching and advising on the assessment, review, amendment and supplementation of the Tax Laws in accordance with the Tax System Reform Strategy to 2030 in order to synchronously complete the tax policy system in line with the standards in accordance with international practices, meeting the resource requirements for the implementation of the 10-year socio-economic development strategy 2021-2030, towards a tax system with a sustainable structure, ensuring the rational mobilization of resources for the state budget, and at the same time contribute to creating a favorable and fair investment and business environment, encouraging investment, promoting competition and regulating income reasonably and appropriately with the process of integration and sustainable development of the economy.

The Ministry of Finance will also continue to reform in all aspects of work, improve institutions, improve the effectiveness and efficiency of the apparatus, reform administrative procedures in a more comprehensive and effective way, and continue to promote the modernization of the financial fields.

Especially reforming in the fields of taxation and customs, which are considered to be areas that are directly related to businesses and people, in order to facilitate and reduce costs for people and businesses that improve the business environment, contributing to enhancing national competitiveness.

In order for the policies to be effective in practice, on the part of state management agencies in the field of tax and customs, the Ministry of Finance hopes to receive positive feedback from the business community. Through today's conference, as well as in the future, the Ministry of Finance hopes to continue to receive many candid and constructive contributions from the business community on Vietnam's tax and customs administrative policies and procedures, in order to continue reforming and perfecting in the direction of becoming more and more transparent and specific, helping taxpayers implement tax policies fully, quickly and conveniently, contributing to investment promotion and export promotion, and in line with international practices and international commitments in Vietnam's process of regional and global economic integration, Deputy Minister Cao Anh Tuan saind

Since 2014, the Ministry of Finance has always ranked among the top 3 ministries on the PAR Index announced by the Government's Steering Committee for PAR, in which 2014, 2015, 2016, 2018, 2019, 2020 and 2021, the Ministry of Finance ranked second in the group of ministries and ministerial-level agencies, in 2017 it ranked third.
By Nu Bui/ Phuong Linh

Related News

Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN – Motivated by the revenue collection by the end of December 2024, the General Department of Taxation has accomplished the revenue collection.
Customs sector strengthens anti-smuggling for e-commerce products

Customs sector strengthens anti-smuggling for e-commerce products

VCN – In 2025 and in the near future, the General Department of Vietnam Customs (GDVC) will strengthen inspection and control for imports and transportation of products traded via online applications, goods traded on e-commerce platforms and sent via express delivery service, Director of the Anti-smuggling and Investigation Department Vu Quang Toan said.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of November, 2024

The Vietnam Customs Statistics announced that in the second half of November, 2024 the total Vietnam’s exports of US dollars 16.9 billion and imports of nearly US dollars 15.73 billion resulted in a trade surplus of US dollars 1.17 billion.
Achievements in revenue collection are a premise for breakthroughs in 2025

Achievements in revenue collection are a premise for breakthroughs in 2025

VCN – Motivated by great efforts and effective implementation of solutions, as of December 10 the total State revenue from imports and exports saw a year-on-year increase of 13.8% to VND397,861 billion, meeting 106.1% of the estimate. The revenue us estimated to reach VND420,000 billion, meeting 112 % of the estimate, up 13.9% over the same period in 2023. The achievements in 2024 are a premise for a breakthrough in revenue collection in 2025.

Latest News

Fed’s foreseen rate cuts affect foreign exchange rate

Fed’s foreseen rate cuts affect foreign exchange rate

After the Fed’s move, the US dollar index (DXY) on December 19 hit nearly 108, the highest level in the past year.
Untying the knot for green finance

Untying the knot for green finance

VCN - Green finance is a crucial resource for greening businesses. Completing the policy framework for green finance is urgently needed to unlock this capital flow.
Ensuring efficiency and transparency in use and management of houses and land at State enterprises

Ensuring efficiency and transparency in use and management of houses and land at State enterprises

VCN - According to the Ministry of Finance, the issuance of Directive on strengthening management, improving the efficiency of use and handling of houses and land at State-owned enterprises to ensure the effective management, use and handling of houses and land for the right purposes, and to avoid loss and waste.
Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.

More News

General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by a representative of the Department of Public Asset Management (Ministry of Finance) at the press conference on the implementation of the General Inventory Project of public assets organized by the Ministry of Finance on the afternoon of December 18.
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN – Important national projects, inter-regional transport projects, riverbank and coastal erosion treatment projects all have disbursement rates lower than the estimated average disbursement rate of the whole country, the Ministry of Finance said.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
PM urges stronger measures to manage interest rates

PM urges stronger measures to manage interest rates

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Vietnamese products: Conquering foreign customers in supermarket systems

Vietnamese products: Conquering foreign customers in supermarket systems

VCN - According to the Ministry of Industry and Trade, the proportion of Vietnamese goods in distribution channels currently reaches more than 80% in supermarkets and 60% or more in traditional retail channels. For many retailers, Vietnamese goods have become a growth driver as they not only do business successfully in the domestic market but also export.
Answering many questions from businesses at dialogue conference on tax and customs policies

Answering many questions from businesses at dialogue conference on tax and customs policies

VCN - Many opinions and recommendations related to tax and customs issues were raised by the business community at the dialogue on tax and customs policies and administrative procedures in 2024, organized by the Ministry of Finance.Representatives of the Ministry of Finance, the General Department of Taxation, and the General Department of Customs provided specific responses, and affirmed that they will continue to research and advise on the assessment, review, and amendment and supplementation of appropriate regulations.
Enterprises face difficulties in tax refunds due to partners closing

Enterprises face difficulties in tax refunds due to partners closing

VCN - On December 13, at a dialogue conference on tax and customs policies and administrative procedures organized by the Ministry of Finance in coordination with the Vietnam Chamber of Commerce and Industry (VCCI), enterprises proposed solutions to many problems related to tax policies such as VAT refunds, tax declaration procedures, electronic invoices, etc.
Strengthen the management and use of electronic invoices for e-commerce

Strengthen the management and use of electronic invoices for e-commerce

VCN - Prime Minister Pham Minh Chinh requested ministries, branches and localities to strengthen the management and use of electronic invoices and improve the efficiency of tax collection for e-commerce.
Read More

Your care

Latest Most read
Fed’s foreseen rate cuts affect foreign exchange rate

Fed’s foreseen rate cuts affect foreign exchange rate

After the Fed’s move, the US dollar index (DXY) on December 19 hit nearly 108, the highest level in the past year.
Untying the knot for green finance

Untying the knot for green finance

VCN - Green finance is a crucial resource for greening businesses. Completing the policy framework for green finance is urgently needed to unlock this capital flow.
Ensuring efficiency and transparency in use and management of houses and land at State enterprises

Ensuring efficiency and transparency in use and management of houses and land at State enterprises

VCN - According to the Ministry of Finance, the issuance of Directive on strengthening management, improving the efficiency of use and handling of houses and land at State-owned enterprises to ensure the effective management, use and handling of houses an
Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN - With the determination to accomplish the revenue collection to create resources for economic development under the Prime Minister's direction, the entire Tax sector has made efforts to perform the revenue collection in the last days of 2024.
Mobile Version