Output simultaneously increased, many ports reported profits Business conditions numerous and cumbersome: CIEM The Việt Nam Import-Export Report to be released Thursday
Why not reduce export tax on fertilizer products to 0%?

Why not reduce export tax on fertilizer products to 0%?

21/03/2024 09:37 Regulations

VCN - Carry out assigned tasks in Resolution No. 58/NQ-CP dated April 21, 2023, to promptly meet practical requirements, remove difficulties for production and business, and contribute to promoting the innovation of administrative procedures and preventin
Ho Chi Minh City Customs proposed to reduce VAT

Ho Chi Minh City Customs proposed to reduce VAT

20/03/2024 09:54 Regulations

VCN - Assessing the implementation of the policy of reducing the VAT rate by 2%, Ho Chi Minh City Customs Department said that in 2023, the amount of VAT reduced (corresponding to 2%) was implemented at the branches of the Ho Chi Minh City Customs Departm
Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

15/03/2024 13:52 Regulations

VCN - Accordingly, regarding the ownership rate of credit institutions, the Law on Credit Institutions (amended) has stipulated a reduction in the maximum ownership rate at a credit institution from 15% to 10% of charter capital for an institutional share
VCCI proposes zero tax rate to be maintained for exported services

VCCI proposes zero tax rate to be maintained for exported services

13/03/2024 15:59 Regulations

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed a zero-value added tax (VAT) rate to be maintained for exported services, over worries that tax hikes would undermine the competitiveness of Vietnamese providers against foreign rivals.
Ministry of Finance anwser voters about on-spot imports and exports

Ministry of Finance anwser voters about on-spot imports and exports

13/03/2024 09:41 Regulations

The Ministry of Finance has been collecting comments to aggregate and submit options to the government for abolishing Article 35 of Decree 08/2015/NĐ-CP to ensure consistency between the legal system and reality.
Customs instructs C/O submission for imported cane sugar products

Customs instructs C/O submission for imported cane sugar products

13/03/2024 09:38 Regulations

VCN - The General Department of Vietnam Customs (GDVC) has issued an official dispach instructing local customs departments to process procedures for imported sugar products.
SBV drafts regulations on a testing mechanism for Fintech

SBV drafts regulations on a testing mechanism for Fintech

09:52 | 11/03/2024 Regulations

VCN - To prevent risks and promote new products, services, and business models, the State Bank of Vietnam (SBV) has developed a draft Government decree stipulating a controlled testing mechanism in the banking sector.
Finance sector abolishes 40 administrative procedures

Finance sector abolishes 40 administrative procedures

09:23 | 10/03/2024 Regulations

VCN - The Ministry of Finance said that in the first two months of 2024, the Ministry of Finance issued four decisions announcing amendments and supplements and replacement of 21 administrative procedures; abolishing of 40 administrative procedures and is
Automate the registration fee management process

Automate the registration fee management process

10:54 | 05/03/2024 Regulations

The General Department of Taxation is reviewing and completing the Draft of the procedure to replace the Registration Fee Management Process for other assets subject to registration fee (except houses and land).
Mixed tax regime not yet applied on beer and alcohol products

Mixed tax regime not yet applied on beer and alcohol products

19:27 | 03/03/2024 Regulations

The Government has decided not to apply the mixed tax regime on beer and alcohol products.
General Department of Taxation reviews draft regulations on loan interest expense cap

General Department of Taxation reviews draft regulations on loan interest expense cap

16:11 | 19/02/2024 Regulations

The GDT said that it has coordinated with six local tax departments to organise a conference to review a draft decree that amends and supplements Decree 132/2020/NĐ-CP on tax management for enterprises with associated transactions.
The Government regulated four land valuation methods

The Government regulated four land valuation methods

15:47 | 15/02/2024 Regulations

The Government promulgated Decree 12/2024/NĐ-CP regulating specifically four land valuation methods.
Government issues new regulations on land valuation

Government issues new regulations on land valuation

05:42 | 09/02/2024 Regulations

The domestic real estate market will have four land valuation methods instead of the current five methods, according to a new decree issued by the Government on February 5.
Proposing to have information sharing mechanism in price management

Proposing to have information sharing mechanism in price management

09:13 | 06/02/2024 Regulations

VCN - In the draft Decree detailing and implementing measures for a number of articles of the 2023 Price Law, the Ministry of Finance has proposed many specific tasks for price stabilization as well as market price analysis and forecasting.
Policy on imported goods for export processing without a processing facility

Policy on imported goods for export processing without a processing facility

17:27 | 05/02/2024 Regulations

VCN - The General Department of Customs has just instructed the Hanoi Customs Department to implement regulations on importing goods for export processing without a processing facility in Vietnamese territory.
Proposing for state-owned enterprises to divest capital from loss-making enterprises

Proposing for state-owned enterprises to divest capital from loss-making enterprises

14:40 | 02/02/2024 Regulations

VCN - The Ministry of Finance is proposing to amend regulations on removing obstacles for enterprises in which the State holds more than 50% of charter capital in the direction of building a legal basis for these enterprises to divest capital from other e
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Businesses and people expect VAT cut extension to be approved

Businesses and people expect VAT cut extension to be approved

17:06 | 13/05/2024 Regulations

People and businesses are looking forward to the Government's proposal on extending VAT reduction in the last six months being considered and approved by the National Assembly.
Proposal to continue reducing VAT by 2% to support people and businesses

Proposal to continue reducing VAT by 2% to support people and businesses

08:16 | 12/05/2024 Regulations

The Government has just submitted a proposal to the National Assembly for consideration, allowing to the continued implementation of the policy of reducing the VAT rate by 2% in the last 6 months of 2024
Research and correct customs supervision processes at international airports

Research and correct customs supervision processes at international airports

10:05 | 11/05/2024 Regulations

GDVC has drafted a decision to amend Decision No. 3280/QD-TCHQ dated September 30, 2016 on the inspection and supervision process for luggage of people on exit and entry
Small, low-value items imported on e-commerce platforms should be taxed

Small, low-value items imported on e-commerce platforms should be taxed

14:43 | 09/05/2024 Regulations

Millions of packages of small, low-value items that are crossing the border into Vietnam daily should be subjected to VAT, special consumption and environmental taxes, according to industry experts and domestic e-commerce sellers.
Customs finds difficulties because there is no e-cigarette management policy

Customs finds difficulties because there is no e-cigarette management policy

09:56 | 09/05/2024 Regulations

VCN - E-cigarette products are invading and being used more and more commonly in our country, especially among young people, teenagers, and students. Meanwhile, there is currently no management policy for this item, making it difficult for Customs to determine violations and apply sanctions.
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