Agree to continue reducing VAT by 2%

Agree to continue reducing VAT by 2%

VCN - National Assembly deputies all expressed their agreement with the policy of continuing reducing value-added tax (VAT) by 2% in the first half of 2025, but there needs to be an effective support policy for sustainable development of businesses.
Recurrent spending seriously controlled: Deputy PM and MoF Ho Duc Phoc

Recurrent spending seriously controlled: Deputy PM and MoF Ho Duc Phoc

VCN - According to Deputy Prime Minister and Minister of Finance Ho Duc Phoc, in the recurrent spending structure, the spending on salaries and salary allowances accounts for a large proportion but is difficult to cut, so it is necessary to encourage savi
The economic situation continues to trend positively

The economic situation continues to trend positively

VCN - At the regular Government press conference for July and the first 7 months of the year held on the afternoon of August 5, Minister and Head of the Government Office Tran Van Son said that the socio-economic situation in the past 7 months continued t
Transparent and stable legislation is needed to develop renewable energy

Transparent and stable legislation is needed to develop renewable energy

VCN - Achieving net zero emissions by 2050 is a development goal that Vietnam has committed. This is mainly achieved through a strong energy transition and low-emission development. However, the transition to clean energy is not easy for Vietnam because b
Personal Income Tax Law to be amended in 2025

Personal Income Tax Law to be amended in 2025

VCN - On March 29, answering questions from the press at the Ministry of Finance's regular press conference for the first quarter of 2024, the leader of the Department of Management and Supervision of Tax, Charges and Fees Policy (Ministry of Finance) sai
The Government plans to borrow maximum of VND676,057 billion and repay debt of VND453,990 billion in 2024

The Government plans to borrow maximum of VND676,057 billion and repay debt of VND453,990 billion in 2024

VCN - The Government's loan sources are mobilized from issuing Government bonds, ODA loans, and foreign preferential loans; or other legal financial sources.
Good management of public debt creates room to implement expansionary fiscal policy

Good management of public debt creates room to implement expansionary fiscal policy

VCN - Public debt safety indicators continue to be strictly controlled in the safe limit. With a lower debt level than the current ceiling rate, and a favorable debt structure, Vietnam has a lot of room to implement expansionary fiscal policy to allocate
Widely applying risk management in specialized inspection of goods

Widely applying risk management in specialized inspection of goods

VCN - Government requests the ministries to review and amend the list of items subject to specialized management and inspection in the direction of: reducing low-risk items or non-risk items; adding the list of items exempted or reduced from specialized i
Minister of Finance states reason for not abolishing compulsory insurance for motorbikes

Minister of Finance states reason for not abolishing compulsory insurance for motorbikes

VCN - At the question and answer session on November 6, National Assembly delegate Huynh Thi Phuc (Ba Ria - Vung Tau delegation) asked about the Ministry of Finance's opinion on abolishing compulsory motorbike insurance.
Attracting green investment to the Southeast

Attracting green investment to the Southeast

VCN - To maintain its role as the economic "leader" of the country, the Southeast provinces need to transform their growth model to a green economy. Accordingly, there are many bottlenecks that need to be quickly removed for this area to successfully tran
Government agrees with MoF’s proposal on 2% VAT reduction

Government agrees with MoF’s proposal on 2% VAT reduction

VCN - On April 17, the Government Office sent a dispatch to the Minister of Finance on the plan to reduce taxes, fees and charges for 2023.
PM chairs meeting of Government’s Administrative Reform Steering Committee

PM chairs meeting of Government’s Administrative Reform Steering Committee

Prime Minister Pham Minh Chinh on April 19 chaired the fourth meeting of the Government’s Steering Committee for Administrative Reform, during which he affirmed that investing in administrative reform is that in development.
Government acts to promote economic diplomacy for national development

Government acts to promote economic diplomacy for national development

The Government has recently issued a resolution approving an action programme on accelerating economic diplomacy for national development for the period from 2022 to 2026.
PM chairs Government"s regular meeting

PM chairs Government"s regular meeting

Prime Minister Pham Minh Chinh chaired the Government’s February regular meeting on March 3.
Government launches action plan on Hanoi development

Government launches action plan on Hanoi development

The Government has issued an action plan for implementing the Politburo’s Resolution No 15-NQ/TW on orientations and tasks for the development of Hanoi by 2030, with a vision to 2045.
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