Clarify the procedure on tax exemption and refunds in the case of entrusted import for business

Clarify the procedure on tax exemption and refunds in the case of entrusted import for business

To facilitate for businesss' operations, the General Department of Vietnam Customs has removed obstacles in implementing tax exemption and tax refund procedures in the case of entrusted imports
Clarifying concept “incorrect information” in handling administrative violation in customs field

Clarifying concept “incorrect information” in handling administrative violation in customs field

General Department of Vietnam Customs has given instructions on removing obstacles arising in the implementation of Decree 128/2020/ND-CP
MoF responds to VAT policy on stone products

MoF responds to VAT policy on stone products

VCN - The Ministry of Finance has sent a written response to Binh Minh Import-Export and Investment Joint Stock Company on the VAT policy on polished round stone products, coating Na2CO3 and NaOH used for interior and exterior decoration to replace paint
Special preferential import tariffs promote bilateral trade between Vietnam and Cambodia in the 2021-2022 period

Special preferential import tariffs promote bilateral trade between Vietnam and Cambodia in the 2021-2022 period

VCN- The Ministry of Finance said that the maintenance and expansion of the number of items eligible for export tax incentives from 2006 until now has contributed to promoting bilateral trade between the two sides.
Promulgate new table of type of import and export codes

Promulgate new table of type of import and export codes

The General Department of Vietnam Customs issued Decision 1357/QD-TCHQ is promulgating the table of type of import and export codes and instruction.
What are the roles of ministries and branches in the new specialised inspection decree?

What are the roles of ministries and branches in the new specialised inspection decree?

Source inspection (where raw materials, components, supplies, semi-finished products are produced) is an important task to perform State management
Discipline tax management of business households

Discipline tax management of business households

To combat tax loss for business households, especially large-scale units, the tax management of these units will be put into a "framework" to strictly control
Shortcomings in regulations on specialized inspection of seafood products

Shortcomings in regulations on specialized inspection of seafood products

VCN- According to VASEP leaders, the inadequacies related to the specialized inspection of soybeans on imported and exported seafood are reflected from the legal basis as the Veterinary Law and the Food Safety Law.
Five groups of analysis and classification issues should be noted in Circular 17/2021/TT-BTC

Five groups of analysis and classification issues should be noted in Circular 17/2021/TT-BTC

VCN-Circular 17 has five main groups of issues that customs officers performing the classification and enterprises should note.
Necessary to form a regulatory body for reform

Necessary to form a regulatory body for reform

VCN- We want to improve the business environment, enhance competitiveness in the top four ASEAN countries, this is an ambitious but also reasonable goal, and will be the driving force for the upcoming reforms.
New regulations on import and transfer for vehicles of entities eligible for privileges and immunities

New regulations on import and transfer for vehicles of entities eligible for privileges and immunities

VCN- Customs valuation for cars changing use purpose shall comply with provisions in Point a, Clause 2, Article 17 of the Ministry's Circular No. 39/2015 / TT-BTC dated March 25, 2015 of the Minister of Finance.
Decree 18: Supplement regulations to ensure equality between production and processing

Decree 18: Supplement regulations to ensure equality between production and processing

VCN- Article 12 in Decree 134 does not provide for goods imported for export production that are allowed to be destroyed in Vietnam and actually destroyed.
Which principles are introduced in the draft decree on specialised inspection?

Which principles are introduced in the draft decree on specialised inspection?

Conducting inspection by item and allowing the use of the inspection results for goods identical to complete import procedures for the next shipment.
Government issues Decree to protect mineral resources

Government issues Decree to protect mineral resources

The Government has issued a decree on the protection of mineral resources at national mineral reserves in accordance with the Mineral Law.
Review problems to amend regulation on assessment of SOE managers

Review problems to amend regulation on assessment of SOE managers

VCN – Responding to the proposal of Ha Tinh province’s representative on the issuance of a circular to revise and add the content "Assessment of SOE managers" in Circular No. 200/2015/TT-BTC, the Ministry of Finance said that it is reviewing to amend and
Reducing administrative documents in social insurance and health insurance sector

Reducing administrative documents in social insurance and health insurance sector

The administrative procedures of Vietnam Social Insurance are cut from 27 administrative procedures down to 25
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Reporting to the National Assembly for considering VAT reduction in the second half of 2024

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report to National Assembly for consideration and allowing to implementing in the second half of 2024.
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

VCN - The Ministry of Health, according to its assigned functions, tasks and authority, presides and coordinates with the Ministry of Finance and relevant agencies to urgently review, research, amend and complete the Ministry's regulations on import and e
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

The Ministry of Finance has responded to the suggestions of VAMA regarding the adjustment of reducing automobile volume to apply a tax rate of 0% for imported components and spare parts used for manufacturing automobile
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

The Ministry of Trade and Industry issued Circular 05/2024/TT-BCT regulating the temporary suspension of temporary import and re-export of Monazite ores and ore concentrates business.
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