Finance sector proactive and pioneering in fiscal policies management for economic growth

Finance sector proactive and pioneering in fiscal policies management for economic growth

VCN - In the first half of 2023, the Finance sector has strived to make an important contribution to socio-economic development. The ministry's proactive, flexible, timely promulgation and implementation of fiscal policies have supported the economy, rem
Businesses are facing pressure to pay debt

Businesses are facing pressure to pay debt

VCN - The report on verification of the socio-economic situation of the Economic Committee of the National Assembly at the Fifth Session of the 15th National Assembly stated the situation many businesses are facing great debt repayment pressure, so they h
Rescheduling debts, cancelling fines, late tax payments for more than 1 million people

Rescheduling debts, cancelling fines, late tax payments for more than 1 million people

VCN- The total amount of debt rescheduling, fine and late tax payment cancellation is more than VND 37,500 billion
Central bank works on debt repayment term restructuring circular

Central bank works on debt repayment term restructuring circular

The State Bank of Vietnam (SBV) has worked with credit institutions to get their opinions on the draft circular on restructuring the debt repayment term and keeping the debt groups unchanged to support borrowers who have difficulties in production and business activities.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Seafood exports will quickly return to growth

Seafood exports will quickly return to growth

VCN - As a large seafood exporter in the Mekong Delta region, Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Seafood Joint Stock Company, shared his experience in dealing with difficulties.
Ho Chi Minh City Customs: prevent bad debts arising from PCA

Ho Chi Minh City Customs: prevent bad debts arising from PCA

VCN – Post-clearance audit of Ho Chi Minh Customs Department in 2022 achieved high results with a year-on-year double increase in tax revenue . The bright spot in the results is that enterprises are "convinced and voluntarily obedient" in paying
Loss and debt, business operation maintenance is under suspicion

Loss and debt, business operation maintenance is under suspicion

VCN - The semi-annual financial statements of many enterprises in 2022 continue to recognize the suspicion of the auditors about the operation feasibility of these enterprises due to the debt-laden financial situation and business losses.
Credit institutions must declare and pay taxes before collateral settlement

Credit institutions must declare and pay taxes before collateral settlement

VCN - If the taxpayer has not declared and paid enough tax to the customs authority, the credit institution must declare and fully pay tax, before collateral settlement.
VN manages to control public debt

VN manages to control public debt

Việt Nam managed to control public debt within a safe level with gradually slowing year-on-year increases. However, according to the Ministry of Finance, the economy was severely hit by the COVID-19 pandemic in the past three years.
Improving national credit rating in the new period

Improving national credit rating in the new period

VCN - With new goals of improving the national credit rating for the period up to 2030, a series of solutions have been developed in order to help the Government and businesses achieve more cost-effectiveness in capital mobilization.
NA agrees to extend pilot resolution on bad debt settlement until end 2023

NA agrees to extend pilot resolution on bad debt settlement until end 2023

The National Assembly (NA)’s Standing Committee has agreed to extend a pilot resolution on bad debt settlement until the end of 2023 instead of this year.
Law on bad debt settlement urgently needed: experts

Law on bad debt settlement urgently needed: experts

Experts said a law on bad debt settlement should be put in place before two regulations expire in six months.
Ha Nam Ninh strengthens measures to collect tax debts

Ha Nam Ninh strengthens measures to collect tax debts

VCN - Twenty-five enterprises have tax debts at Ninh Binh Customs Branch and Nam Dinh Customs Branch, and through post clearance audit.
Company forced to deduct about VND9 billion of tax debt from account

Company forced to deduct about VND9 billion of tax debt from account

VCN – The branch has requested Dong A Commercial Joint Stock Bank - Quang Trung Transaction Office where the company opened its account, to deduct and freeze the account.
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