Amending regulations for proactive, responsible tax officials

Amending regulations for proactive, responsible tax officials

Dr. Phan Hoai Nam, CEO of W&A Consulting, discusses tax refund issues with Customs Magazine.
Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

The Ministry of Planning and Investment is working with other ministries, sectors and localities to take drastic measures to complete this year's target of disbursing 95% of allocated public investment, its Deputy Minister Tran Quoc Phuong told the Government’s regular press conference on November 9.
Revising policies to adapt to two-way impact of FTAs

Revising policies to adapt to two-way impact of FTAs

VCN - One of the most obvious positive impacts of Free Trade Agreements (FTAs) is to promote export growth, thereby contributing to increasing state budget revenue. However, the implementation of FTAs ​​also has a negative impact on state budget revenue u
Deputy Prime Minister, Minister of Finance: Budget management to be more decentralized

Deputy Prime Minister, Minister of Finance: Budget management to be more decentralized

Deputy Prime Minister, Minister of Finance Ho Duc Phoc indicated that the revision of the State Budget Law (SBL) focuses on removing short-term bottlenecks and obstacles.
Amend regulations on “Public-Private Partnership” (PPP) and “Build Transfer” (BT)  investment: Fully calculating to avoid loss of state assets

Amend regulations on “Public-Private Partnership” (PPP) and “Build Transfer” (BT) investment: Fully calculating to avoid loss of state assets

In the project "1 law amending 4 laws" related to investment, the majority of National Assembly deputies agreed with the Government's proposal to allow an increase in the state capital ratio for some specific cases.
Public investment disbursement reaches 52.2% in ten months

Public investment disbursement reaches 52.2% in ten months

Public investment disbursement was estimated at 355.61 trillion VND (14 billion USD) in the first 10 months of this year, fulfilling 52.2% of the annual target, according to the Ministry of Finance (MoF).
State budget revenue for 2024 nears target

State budget revenue for 2024 nears target

Data from the Ministry of Finance reveals that by the end of October 2024, state revenue is on the brink of reaching the annual target.
Public investment spending up 1.8% in first 10 months of 2024

Public investment spending up 1.8% in first 10 months of 2024

Public investment from Vietnam’s state budget saw steady growth in the first ten months of 2024, reaching 64.3% of the annual target—an increase of 1.8% compared to the same period last year.
Propose many solutions to shorten tax refund time

Propose many solutions to shorten tax refund time

VCN - Data from the General Department of Taxation shows that in the first 9 months of 2024, the Tax authority issued 13,762 VAT refund decisions with a total refund amount of VND 101,167 billion, equal to 59.2% of the decentralized tax refund estimate in
Finance sector exceeds revenue target in 4 years thanks to comprehensive reform of collection method

Finance sector exceeds revenue target in 4 years thanks to comprehensive reform of collection method

VCN - At the meeting on November 5, the National Assembly discussed on the Sate revenue collection and related contents.
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
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment
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Many challenges in restructuring public finance

Many challenges in restructuring public finance

VCN - Public finance reform is one of the 6 contents of state administrative reform in the period of 2021 - 2030 according to Resolution 76/NQ-CP dated July 15, 2021 of the Government and this is an important task, contributing to supporting other tasks,
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as t
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

VCN - The results of State budget revenue in HCMC in the first 10 months of 2024 are estimated to increase by 10% over the same period last year, of which the highlight is that revenue from import-export activities has begun to increase.
Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

VCN - Reporting to the National Assembly in the question-and-answer session on the banking sector under the 8th Session on November 11, 2024, Deputy Prime Minister and Minister of Finance Ho Duc Phoc said that when the economy increases or decreases, it w
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