International practices in price management

International practices in price management

The Ministry of Finance said there isn't a massive gap in the regulations of price management in Vietnam and other countries applying for goods items subjected to State management.
Progress of administrative procedures in NSW is uneven

Progress of administrative procedures in NSW is uneven

VCN – The launching of the National Single Window (NSW) has brought positive changes in the implementation of administrative procedures. But there is a difference in the implementation among procedures, failing to realize expectations to make breakthrough
Focusing on reforming and facilitating businesses when amending customs policies

Focusing on reforming and facilitating businesses when amending customs policies

In the draft circular replacing Circular 38/2015/TT-BTC and Circular 39/2018/TT-BTC of the Minister of Finance, the regulations on checking valuation and post-clearance audit will have many new points.
Authority in law enforcement on sanctioning administrative violations

Authority in law enforcement on sanctioning administrative violations

General Department of Vietnam Customs said that the units should pay attention to the contents related to the authority to sanction administrative violations
Tax sector strengthens fight against invoice fraud

Tax sector strengthens fight against invoice fraud

VCN – The General Department of Taxation has requested local tax agencies raise their awareness of management and fight against invoice fraud.
Deadline for issuing decision on administrative sanctions and seizure of infringing goods

Deadline for issuing decision on administrative sanctions and seizure of infringing goods

VCN - The time limit for issuing the decision on administrative sanctions for explained cases will comply with the provisions of Points b and c, Clause 1, Article 66 of the Law on handling administrative violations, and Article 17 of Decree 118/2021/ND-CP
Ensuring security at the airport border gate

Ensuring security at the airport border gate

VCN – Prime Minister Pham Minh Chinh has signed Decree 93/2022/ND-CP dated 7 November 2022 on management and security at the airport border gate. The decree takes effect on 22 December 2022.
Revising regulations on management of goods transportation under customs supervision

Revising regulations on management of goods transportation under customs supervision

VCN – Customs regulations on management of goods transportation under customs supervision will be amended and supplemented in the draft Circular amending and supplementing Circular 38/2015/TT-BTC and Circular 39/2018/TT-BTC to ensure the management and fa
8 associations propose to abolish private enterprises that are subject to the Law on Implementing Democracy at Grassroots

8 associations propose to abolish private enterprises that are subject to the Law on Implementing Democracy at Grassroots

The draft Law on implementing democracy at the grassroots level is being consulted and is expected to be approved by the National Assembly in the October 2022 session.
Formulate a Decree detailing the Law on Insurance Business

Formulate a Decree detailing the Law on Insurance Business

The draft Decree detailing the Law on Insurance Business will ensure the consistency, suitability and synchronization in the legal system on insurance business with other relevant legal systems
Proposal to adjust tax rate of imported raw material for producing petroleum

Proposal to adjust tax rate of imported raw material for producing petroleum

The Ministry of Finance has proposed to amend tax rates for a number of items to stabilize the market and stabilize the source of domestically produced raw materials for oil products.
Formulating the Decree stipulating insurance business law

Formulating the Decree stipulating insurance business law

The draft Decree stipulates that the Law on Insurance Business will ensure the consistency, suitability and synchronization of the legal system on insurance business with other relevant legal systems
Enterprise, Customs face difficulties in implementing tax incentives for recycled products

Enterprise, Customs face difficulties in implementing tax incentives for recycled products

VCN - According to the Law on Environmental Protection and tax–related policies, export products manufactured from recycling and waste treatment activities are entitled to tax incentives. However, the Natural Resources and Environment Agency has not issue
Amending regulations on the time of tax declaration and payment on behalf of individuals receiving dividends and bonuses in form of securities

Amending regulations on the time of tax declaration and payment on behalf of individuals receiving dividends and bonuses in form of securities

To facilitate taxpayers, the Ministry of Finance has amended and supplemented regulations on declaring tax on behalf of individuals who receive dividends or receive bonuses in form of securities.
Revising Decree 60 on financial autonomy mechanism of public non-business units

Revising Decree 60 on financial autonomy mechanism of public non-business units

VCN - The regulations on the financial autonomy mechanism of public non-business units under Decree 60/2021/ND-CP will be revised to meet the actual situation.
Imported cars allowed to be brought to storage while waiting for quality certificate

Imported cars allowed to be brought to storage while waiting for quality certificate

VCN - Earlier, some auto importers raised problems related to bringing cars for storage. To solve this problem, the General Department of Vietnam Customs directed local customs departments and branches to perform in a unified manner.
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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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