Regulations on management of state revenues via State Treasury will be revised

Regulations on management of state revenues via State Treasury will be revised

VCN – The Ministry of Finance has issued Circular 72/2021 to revise some articles of Circular 328/2016 guiding the collection and management of revenues via the State Treasury.
Amending Circular 03: Extending debt restructuring period, not extending provisioning

Amending Circular 03: Extending debt restructuring period, not extending provisioning

According to the draft amendment to Circular 03/2021/TT-NHNN, the debt restructuring period will be extended to June 30, 2022 instead of the current end of 2021
Regulation on service prices in securities sector

Regulation on service prices in securities sector

VCN - The Ministry of Finance is consulting on a draft Circular regulating service prices in the securities sector applicable to securities trading organizations and commercial banks participating in Vietnam's stock market.
Regulations for removing difficulties and supporting taxpayers issued

Regulations for removing difficulties and supporting taxpayers issued

Regulations on guiding to implementing policies of supporting and removing difficulties are promulgated when taxpayers face difficulties or suffer damage in force majeure events.
Accept scanned copy of self-certification of C/O form D

Accept scanned copy of self-certification of C/O form D

The General Department of Vietnam Customs issued a guidance document on the self-certification of C/O form D to facilitate trade during the Covid-19 pandemic
Edit the Law on prices: Legalise price analysis and forecasting

Edit the Law on prices: Legalise price analysis and forecasting

The Ministry of Finance (MOF) proposed to amend the law on prices to create a specific legal corridor for the synthesis, analysis and forecast of the price
Is a delay in implementing customs procedures due to the Covid-19 pandemic cause for administrative violations?

Is a delay in implementing customs procedures due to the Covid-19 pandemic cause for administrative violations?

Due to the impact of the Covid-19 pandemic, many shipments could not implement customs procedures within 30 days of the date of arrival because the firm is locked down.
Revising on-lending rate of ODA and foreign concessional loans to provincial People’s Committees

Revising on-lending rate of ODA and foreign concessional loans to provincial People’s Committees

VCN – The Government issued Decree 79/2021 to revise some articles of Decree 97 dated June 30, 2018 on on-lending or ODA and foreign concessional loans.
Industries and sectors subject to transformation from public service delivery units into joint-stock companies

Industries and sectors subject to transformation from public service delivery units into joint-stock companies

VCN – Deputy Prime Minister signed Decision 26/2021 on list of industries and sectors subject to transformation from public service delivery units into joint-stock companies and rate of State-owned shares in joint-stock companies.
Codes and names of ports to standardised across country

Codes and names of ports to standardised across country

VCN – The GDVC has also directed the Customs IT and Statistics Department to provide solutions to pilot the integrated software of data of import and export goods transported via sea as proposed by Hai Phong Customs Department.
Criteria for special investment incentives must be suitable to link Vietnamese enterprises with FDI

Criteria for special investment incentives must be suitable to link Vietnamese enterprises with FDI

VCCI believes giving special incentives to large investment projects can create opportunities for Vietnamese firms to develop and participate in the global value chain.
Promulgating analytical process to classify imported and exported goods

Promulgating analytical process to classify imported and exported goods

The General Department of Vietnam Customs issued Decision 2166/QD-TCHQ promulgating the Analytical Process to classify imported and exported goods.
Customs supervision for border gate transfer of goods stuck at seaports

Customs supervision for border gate transfer of goods stuck at seaports

VCN – The General Department of Customs has drafted a circular on customs supervision for border-gate transfers of imported goods stuck at seaports where social distancing is being implemented.
Guide enterprises to look up compliance level on Customs Portal

Guide enterprises to look up compliance level on Customs Portal

VCN- To look up their compliance level, enterprises visit customs.gov.vn and click on "Look up compliance level" and enter information on the text box on the screen displays and press the button “search”.
Circular on procedures for border gate transfer for goods stuck at border gates amid pandemic

Circular on procedures for border gate transfer for goods stuck at border gates amid pandemic

VCN – The General Department of Customs is developing a draft circular on customs procedures; customs inspection and supervision of imported goods transferred from a border gate to another border gate for imported shipments stuck at border gates amid the
Tax rates on supplies, raw materials and semi-finished products to be altered

Tax rates on supplies, raw materials and semi-finished products to be altered

VCN - The Ministry of Finance has proposed revising the tax rates on supplies, raw materials and semi-finished products in the Export Tariffs.
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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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