E-commerce platforms may declare and pay taxes on behalf of traders

E-commerce platforms may declare and pay taxes on behalf of traders

VCN - According to reporters, many opinions said that the draft revised Law on VAT stipulates that the VAT taxable revenue at less than VND200 million/ year, which is not consistent with the reality.
Ministry of Finance responds to information on proposal to tax real estate

Ministry of Finance responds to information on proposal to tax real estate

VCN - Responding to the hot issue of public concern regarding the proposal to tax real estate transactions to prevent speculation in the real estate market, at the press conference for the third quarter of 2024 held by the Ministry of Finance on September
Maintain smooth operations of Customs, Tax and Treasury to support businesses and people affected by storm No. 3

Maintain smooth operations of Customs, Tax and Treasury to support businesses and people affected by storm No. 3

VCN - In addition, the Prime Minister has issued a decision to provide rice, corn and other crop varieties to support agricultural production recovery.
Capital market could be major financial source for private sector: WB

Capital market could be major financial source for private sector: WB

The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.
Typhoon debt relief measures may impact bank profitability in Vietnam

Typhoon debt relief measures may impact bank profitability in Vietnam

Vietnamese banks' profitability is expected to be squeezed following their provision of debt relief to support borrowers affected by a recent deadly typhoon, according to the latest report by S&P Global Ratings.
VAT reduction is necessary but not tool used every recession: Canadian expert

VAT reduction is necessary but not tool used every recession: Canadian expert

VCN - The main topic of the dialogue session focused on fiscal policy, including two main contents: sharing on fiscal policy management and state revenue forecasting models; sharing experiences on the fiscal risk management framework.
Vietnam to achieve credit rating as set target

Vietnam to achieve credit rating as set target

VCN - With the current credit rating scale, Vietnam is getting closer to the target of raising the investment rating grade by 2030 set out in the National Credit Rating Improvement Project by 2030.
Control cash flow, target the right segment

Control cash flow, target the right segment

This is the opinion of Dr. Nguyen Van Dinh, Vice President of Vietnam Real Estate Association in an interview with reporters about the difficulties in capital sources in the current real estate market.
Taxation authority to hold dialogue with taxpayers in five localities

Taxation authority to hold dialogue with taxpayers in five localities

The General Department of Taxation will organise a direct dialogue with taxpayers from five provinces and cities to hear feedback on the practical implementation of current tax policies.
HCMC Tax Department focuses on resolving land dossiers as soon as possible

HCMC Tax Department focuses on resolving land dossiers as soon as possible

HCMC Tax Department directed tax branches to prioritize and focus resources to resolve land dossiers received from August 1st as soon as possible.
Many banks stop transactions of ATM magnetic cards

Many banks stop transactions of ATM magnetic cards

Many banks have recently announced they are stopping transactions of domestic automated teller machine (ATM) cards with magnetic strips, to ensure security for customers in the context of increasing cybercrimes.
Amending Law on Corporate Income Tax must ensure budget revenue and overcome tax evasion

Amending Law on Corporate Income Tax must ensure budget revenue and overcome tax evasion

VCN - On September 23, 2024, the National Assembly Standing Committee gave opinions on the draft Law on Corporate Income Tax (amended). Many important contents of the draft Law such as: the scope of regulation of the draft Law; the authority of the Nation
Digital Transformation in financial sector is urgent and important task

Digital Transformation in financial sector is urgent and important task

VCN - The conference under theme “Transforming business processes and information system in the financial sector in the digital age” has affirmed the determination of the Finance sector in effectively implementing the tasks in the Finance Sector Digital T
Insurance creates trust and peace of mind for customers affected by typhoon No. 3

Insurance creates trust and peace of mind for customers affected by typhoon No. 3

VCN - The Insurance Supervisory Authority (ISA) initially estimated that the total compensation for human and property losses is approximately VND 7,000 billion. However, with the severe damage caused by typhoon No. 3 (Yagi) and the post-storm circulation
Foreign institutional investors allowed to buy stocks without 100 percent pre-funding -trading

Foreign institutional investors allowed to buy stocks without 100 percent pre-funding -trading

VCN - The issuance of Circular 68/2024/TT-BTC by the Ministry of Finance is considered a solution to remove a major bottleneck in upgrading the stock market related to the abolition of the regulation on pre-trading margin requirement for foreign instituti
Anti-corruption in Finance: Resolutely eliminating cumbersome administrative procedures

Anti-corruption in Finance: Resolutely eliminating cumbersome administrative procedures

VCN - The Ministry of Finance identifies administrative reform and simplification of regulations related to business activities as key solutions for preventing and combating corruption and negativity.
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3 priority pillars of Japanese ODA capital flow in Vietnam

3 priority pillars of Japanese ODA capital flow in Vietnam

Mr. Sugano Yuichi, Chief Representative of the Vietnam Office of JICA, shared about the outstanding results in more than 30 years of implementing ODA projects in Vietnam and plans for the coming time.
Removing legal hurdles in regular spending for capital assets

Removing legal hurdles in regular spending for capital assets

Mr. Bui Anh Binh, Deputy Director of the Department of Public Administration (Ministry of Finance) emphasized that the issuance of Decree No. 138/2024/ND-CP has created an important legal corridor
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ce
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