The Government clearly stipulates the responsibilities of each agency in preventing and combating counterfeit money

The Government clearly stipulates the responsibilities of each agency in preventing and combating counterfeit money

VCN - The Government signed and promulgated Decree No.87/2023/ND-CP regulating the prevention and combat of counterfeit money and the protection of Vietnamese currency (Decree 87). The Decree takes effect from February 2, 2024.
The output reduction of the Tax Incentive Program for automobile manufacturing and assembly has not been considered

The output reduction of the Tax Incentive Program for automobile manufacturing and assembly has not been considered

VCN - According to the Ministry of Finance, the proposal to continue reducing the output of the current Tax Incentive Program for automobile manufacturing and assembly is not appropriate.
Customs solves 6 problems related to the origin of goods

Customs solves 6 problems related to the origin of goods

VCN – Submission of proofs of origin; examination of proofs of origin on websites; procedures for refusing documents certifying the origin of goods in the CPTPP Agreement... are issues that the General Department of Customs has just guided local customs d
It is necessary to adjust the special consumption tax on harmful goods to health

It is necessary to adjust the special consumption tax on harmful goods to health

VCN - Many opinions agree with the drafting agency's proposal to implement a policy to expand the tax base for products that are not beneficial to health and the environment such as sugary drinks as well as research on increasing special consumption tax (
Amend Corporate Income Tax to implement Pillar 2 of global minimum tax

Amend Corporate Income Tax to implement Pillar 2 of global minimum tax

VCN - According to the Ministry of Finance, the specific goal of amending the Law on Corporate Income Tax (CIT) will contribute to creating conditions to promote and support businesses to expand production and business; Review and rearrange tax incentive
Why does Lang Son propose to stop the pilot on importing medicinal materials through Chi Ma border gate?

Why does Lang Son propose to stop the pilot on importing medicinal materials through Chi Ma border gate?

VCN - The pilot project on importing medicinal materials through Chi Ma border gate is approved by the Government and is effective for two years, starting from October 1, 2021 to October 1, 2023. Since implementing the project until now, only one shipment
Tighten compliance with legal regulations on price appraisal

Tighten compliance with legal regulations on price appraisal

VCN - The valuation work from the beginning of the year until now has been continuously reviewed by the Ministry of Finance and given directions and reminders on proper compliance with legal regulations in this field.
Used electronic components or waste?

Used electronic components or waste?

VCN - A foreign-invested enterprise completed procedures to export dozens of shipments of used electronic components. The customs suspected the exported goods as waste but encountered difficulties in identifying the goods.
Reasons for ups and downs of land rent

Reasons for ups and downs of land rent

VCN - Based on the provisions of the land law, the land rental payable of projects is high or low depending on four factors: the land area for lease; land rent price; percentage rate; State’s policies of deduction, exemption. Of which, the main factors ar
Many proposals of seafood enterprises on VAT refund have been answered by the Ministry of Finance

Many proposals of seafood enterprises on VAT refund have been answered by the Ministry of Finance

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Ministry of Finance has directed to handle or advise the handling authority related to the petitions of seafood enterprises.
Export procedures for imported origin goods

Export procedures for imported origin goods

VCN - Some foreign direct investment (FDI) enterprises have encountered difficulties in customs procedures for exporting goods of imported origin wihout undergoing processing. The Customs authority have provided timely response and guidance.
Criteria "Made in Vietnam" has not been issued for 5 years

Criteria "Made in Vietnam" has not been issued for 5 years

VCN - Regarding the identification of Vietnamese products and goods, made in Vietnam, since the Ministry of Industry and Trade proposed to the Government, until now, after 5 years, it has not been able to be issued.
Regulations on tax debt relief for enterprises that have fled or gone missing

Regulations on tax debt relief for enterprises that have fled or gone missing

VCN - At the proposal of the National Assembly Delegation of Dong Nai province about the implementation of legal policies on debt forgiveness and guidance on customs value declaration for imported goods over 10 years, subject to investment incentives but
Be concerned about hindering cooperation when limiting deposits at people

Be concerned about hindering cooperation when limiting deposits at people's credit fund

VCN - SBV Deputy Governor Dao Minh Tu assessed that, in recent years, basically, the operation of people's credit unions is safe and healthy, and some places with limitations have also been detected and rectified soon. Many funds have had development in t
Two new regulations on financial activities to take effect from August

Two new regulations on financial activities to take effect from August

New regulations on the operation of money exchange agents of bordering countries and eligibility requirements for foreign loans without the Government’s guarantee will officially take effect from August, 2023.
Instruct customs declaration in case of submitting additional C/O of imported petroleum products

Instruct customs declaration in case of submitting additional C/O of imported petroleum products

VCN - The General Department of Vietnam Customs (GDVC) has instructed local customs departments on the declaration for additional submission of C/O for imported petroleum products.
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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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