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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Promoting review, classification and management of tax debt

Promoting review, classification and management of tax debt

According to the General Department of Customs, the amount of overdue debt recovered and processed in the first 6 months of 2024 for the all Customs sector reached VND 349 billion.
Documents required for vehicles transporting cargo across Lang Son Border Gate from August 1

Documents required for vehicles transporting cargo across Lang Son Border Gate from August 1

VCN - On July 18, Lang Son Department of Industry and Trade notified the method of delivery and receipt of import and export cargo transported across customs clearance routes and specialized roads in the International Border Gate pair of Huu Nghi (Vietnam
Does goods imported for investment incentives project subjected to tax exemption?

Does goods imported for investment incentives project subjected to tax exemption?

That is the problem of Ba Ria - Vung Tau Customs Department related to processing tax exemption documents for imported goods to serve investment incentive projects.
Border gate area planning associated with digital transformation needs to prioritize human resources, equipment, and infrastructure

Border gate area planning associated with digital transformation needs to prioritize human resources, equipment, and infrastructure

VCN - According to Lang Son Customs Department, to implement the master plan of the land border gate area associated with the goal of digital transformation, in which, to ensure successful implementation of the Customs Development Strategy until 2023, Bui
Proposal to reduce registration fees to restore growth of domestic automobile industry

Proposal to reduce registration fees to restore growth of domestic automobile industry

VCN - Facing the significant decline in auto market sales in the last months of 2023 and early 2024, the Ministry of Finance is asking for opinions from ministries, central agencies and relevant agencies on continuing to reduce registration fee to restore
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