Accelerating disbursement of public investment from early year

Accelerating disbursement of public investment from early year

VCN – The local authorities are determined and make efforts to work with the Ministry of Finance to accelerate the disbursement of public investment. Therefore, the Ministry of Finance recommends continuing to promote the leading role and capital of state
11-month budget collection reached 95% of estimate

11-month budget collection reached 95% of estimate

VCN - In November 2023, domestic revenue is estimated to reach 106.1 trillion VND, equal to 8% of the estimate, about 48 trillion VND lower than the previous month's revenue.
Review the processes and procedures of e-commerce activities to expand and cover revenue sources

Review the processes and procedures of e-commerce activities to expand and cover revenue sources

VCN - The rapid and explosive development of many new forms of e-commerce in recent times has posed new and significant challenges for Tax agencies at all levels in tax management.
What makes difficulties for Customs sector in budget collection?

What makes difficulties for Customs sector in budget collection?

VCN - Although the Customs sector has offered comprehensive solutions, the revenue collection results for 11 months of 2023 still only reach VND335,116 billion, equal to 78.9% of the estimate, down 16.8% year-on-year. According to the General Department o
The tax sector

The tax sector's budget revenue reached 1,336,002 billion VND

VCN - Information from the General Department of Taxation said that as of November 30, 2023, the Tax agency had issued 16,778 VAT refund decisions with a total tax refund amount of VND 127,783 billion.
Despite many difficulties, state budget management still achieves many positive results

Despite many difficulties, state budget management still achieves many positive results

VCN - According to the Minister of Finance, facing slow world economic growth and many difficulties in the domestic economy, state budget revenue achieved positive results.
Proposing National Assembly to add more than VND2.5 trillion for recurrent spending estimates

Proposing National Assembly to add more than VND2.5 trillion for recurrent spending estimates

VCN - On October 17, 2023, the National Assembly (NA) Standing Committee considered adding the 2023 State budget recurrent spending estimates for ministries, central agencies, and localities. Vice Chairman of the National Assembly Nguyen Duc Hai chaired t
Thanh Hoa Customs collects over VND 10,000 billion

Thanh Hoa Customs collects over VND 10,000 billion

VCN - As of August 15, 2023, Thanh Hoa Customs Department collected VND 10,653 billion, equaling 85% of the same period in 2022 and achieving 79% of the assigned target.
Focus on completing key tasks of Finance sector

Focus on completing key tasks of Finance sector

VCN - This is the direction of the Minister of Finance Ho Duc Phoc at the Conference to assess the performance in July 2023 and implement the work plan in August 2023 held by the Ministry of Finance on the afternoon of August, 2023. Minister of Finance Ho
Revenue plummets in the first half of the year, Ho Chi Minh City Customs finds solutions

Revenue plummets in the first half of the year, Ho Chi Minh City Customs finds solutions

VCN - Facing the plunge in revenue in the first half of 2023, on June 20, 2023, Ho Chi Minh City Department held a conference to guide the import-export tax management to find solutions to raise revenue in the year's second half.
In 5 months, Customs sees a year on-year decrease of 18% in revenue

In 5 months, Customs sees a year on-year decrease of 18% in revenue

VCN - According to statistics from the General Department of Customs, in the first 5 months of the year, the state budget collection and payment of the custroms faced many difficulties for many reasons. Accordingly, by the end of May 31, the sector collec
Difficulties in the economy have a substantial impact on budget collection

Difficulties in the economy have a substantial impact on budget collection

VCN - In the first 5 months of 2023, the tax sector collected the budget, but the results have decreased compared with the same period last year. To ensure the completion of the revenue collection task in 2023, in the coming time, the tax sector actively
Overspending in 2022 drops but still ensures payment for economic recovery program

Overspending in 2022 drops but still ensures payment for economic recovery program

VCN - In 2022 and the first months of 2023, fiscal policies have been operated proactively and flexibly, helping remove many difficulties for businesses and people. In which, the overspending decreased compared to the estimate and report but still ensured
State budget revenue reaches 645.4 trillion VND in four months

State budget revenue reaches 645.4 trillion VND in four months

The total State budget revenue in the first four months of this year reached 645.4 trillion VND (over 27.52 billion USD), accounting for 39.8% of the estimate and 95% of the same period last year, the Ministry of Finance announced on May 5.
It is necessary to carefully assess the impact of the global minimum tax rate on Vietnam

It is necessary to carefully assess the impact of the global minimum tax rate on Vietnam

VCN - At the request of Deputy Prime Minister Le Minh Khai, it is necessary to carefully analyze and evaluate the impact of the global minimum tax rate on Vietnam, focusing on assessing the impacts on the budget, investors, and foreign investment attraction of Vietnam.
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