Sharp decrease in price while banks still face difficulties in collateral liquidation

Sharp decrease in price while banks still face difficulties in collateral liquidation

Several amount of debts and collateral at banks have been advertised for sale but there is no buyer. This a common situation at many banks leading to difficulties in recovering bad debts.
Customs declaration is not required for liquidation of fully depreciated goods?

Customs declaration is not required for liquidation of fully depreciated goods?

VCN - This regulation has been considered at the revised draft Circular No. 38/2015/TT-BTC to facilitate enterprises when declaring the change of using purpose and transferring the domestic consumption for import goods which are not subject to tax or tax
Number of cars donated by enterprises must be reported before March 31, 2017

Number of cars donated by enterprises must be reported before March 31, 2017

VCN - The Ministry of Finance has sent a dispatch to ministries, branches and localities requesting reports on the situation of receiving and using cars donated by enterprises.
Prime Minister request to stop receiving cars as gift from business

Prime Minister request to stop receiving cars as gift from business

In order to avoid negative phenomena through the form of gifts from enterprises as well as avoid loss of State property in the form of tax exemption for imported vehicles
Is it unreasonable to liquidate a public car with a price of 40.2 million vnd?

Is it unreasonable to liquidate a public car with a price of 40.2 million vnd?

VCN - On the afternoon of March 13, 2017, responding to different opinions on this figure, the Ministry of Finance issued a press release for further explanation
Who has the right to liquidate official State vehicles?

Who has the right to liquidate official State vehicles?

VCN- In response to relevant agencies questions about official State cars, the Ministry of Finance has provided the conditions, jurisdiction and procedures for liquidation of official State cars.
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