Restructure state budget revenues to take advantage of the industrial revolution 4.0

Restructure state budget revenues to take advantage of the industrial revolution 4.0

VCN- The 4th Industrial Revolution (FIR) is expected to bring many benefits to all aspects of socio-economic life. But with the financial sector, this is a big challenge, especially the impact on state budget revenue and expenditure. Therefore, forecastin
The finance sector detects many violations through inspections

The finance sector detects many violations through inspections

VCN - In 2017, the finance sector has completed the tasks assigned in all fields. One of the most important results was the total state budget revenue of 105.9% compared to the estimate.
The Taxation collected more than VND 14 trillion from inspections and examinations

The Taxation collected more than VND 14 trillion from inspections and examinations

VCN - In 2017, the whole Taxation strengthened inspections and examinations to prevent losses of revenues.
HCMC Customs: Deploying the automated system for Customs management in the second quarter

HCMC Customs: Deploying the automated system for Customs management in the second quarter

VCN - Ho Chi Minh City Customs Department (HCMC) has been effectively deploying the automated system for Customs management at seaports and airports under Article 41 of the Customs Law.
Customs picks up VND 297.073 billion, General Director sent complimentary letter

Customs picks up VND 297.073 billion, General Director sent complimentary letter

VCN - The Customs’ revenue picked up VND 297,073 billion, exceeding 9.6% of the ordinance target set in 2017, and nearly 1% of the desired target of VND 295,000 billion.
First time, Hai Phong Customs collected VND 50,000 billion

First time, Hai Phong Customs collected VND 50,000 billion

VCN – According to the latest statistics from General Department of Customs (GDC), at the end of 17 December 2017, Hai Phong Customs Department collected VND 50,142 billion
Ha Noi Tax Department shall review the invoicing and tax payment for Grab’s partners

Ha Noi Tax Department shall review the invoicing and tax payment for Grab’s partners

VCN - The Hanoi Tax Department has just requested the Tax Branches to review the invoicing and tax payment of companies which are partners of Grab Taxi Co., Ltd
The Customs: Challenges of State budget collection in the last two months

The Customs: Challenges of State budget collection in the last two months

VCN - To achieve the target of 295,000 billion VND assigned by the Party Committee of the Ministry of Finance, the Customs has to receive 29,000 billion VND per last month on average, nearly 6,000 billion VND higher than monthly revenue of first months (2
HCM City: Start collecting tax on e-commerce business

HCM City: Start collecting tax on e-commerce business

VCN - The HCM city Tax Department has sent 6,232 invitations to 16,534 website owners and Facebook accounts engaging in e-commerce business to guide them to understand and comply the policies on tax, tax self-declaration and self-payment.
Minister  Dinh Tien Dung: Increasing capital expenditure and reducing recurrent expenditure

Minister Dinh Tien Dung: Increasing capital expenditure and reducing recurrent expenditure

This content was mentioned by the Minister of Finance under authorization of the Prime Minister on presenting the Report on implementation results of state budget 2017, state budget estimate and allocation plan for 2018 and the three-year finance and budg
Ho Chi Minh City Customs: Revenues increased nearly 740 billion VND from Post clearance audit

Ho Chi Minh City Customs: Revenues increased nearly 740 billion VND from Post clearance audit

VCN- According to Ho Chi Minh City Customs Department, from the beginning of 2017 to 15th October, 2017, the Department increased 738 billion VND from post-clearance audit and advance ruling on price for imported goods.
Vietnamese taxes are still for the poor

Vietnamese taxes are still for the poor

VCN - The international trend is gradually reducing direct taxes and gradually increasing the role of indirect taxes such as VAT and commodity tax
HCMC Customs must collect 10 trillion VND/month to reach the target

HCMC Customs must collect 10 trillion VND/month to reach the target

VCN - As of July 31, 2017, Ho Chi Minh City Customs Department collected 61 trillion VND, accounting for 55.96% of the estimates and 55.45% of the target of 110 trillion VND.
Hanoi Tax Department: Many revenues were at sustainable growth

Hanoi Tax Department: Many revenues were at sustainable growth

VCN - According to the latest report from Hanoi Tax Department, in the first seven months of the year, its total revenue was estimated at 107,785 billion VND (reaching 57.5% of the assigned estimate, up by 18.4% over the same period last year).
In the last 5 months of 2017: Customs must collect 24,870 billion VND per month

In the last 5 months of 2017: Customs must collect 24,870 billion VND per month

VCN- In order to fulfill the target of achieving the State budget revenue in 2017 by the Ministry of Finance of 290 trillion VND, in the last 5 months of the year, the Customs must collect 124,354 billion VND, equivalent to 24,870 billion VND per month, 1
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