Suggesting new charges for certificate of origin

Suggesting new charges for certificate of origin

The Ministry of Finance is drafting Circular prescribing fees and charges payable in the certificate of origin (C/O), collection, transfer, management and use thereof
Domestic revenue records high results

Domestic revenue records high results

VCN - According to the latest report of the General Department of Taxation, the revenue in the first 10 months of 2022 is estimated at VND1,219,960 billion, or 103.8% of the estimate and up 114.7% year-on-year.
Lao Cai Customs collects more than VND1.2 billion from PCA work

Lao Cai Customs collects more than VND1.2 billion from PCA work

VCN - Since 2022, the Post Clearance Audit Customs Branch (Lao Cai Customs Department) has conducted 13 post-clearance audits (PCA) at the customs declarant’s office, exceeding 30% of the whole year’s target.
Investment from State budget estimated at VND387.7 trillion

Investment from State budget estimated at VND387.7 trillion

VCN – According to the data from the Ministry of Planning and Investment, from January to October, 2022, the investment from the State budget reached 67.1% of the plan, up 20.1% year-on-year.
VND234 billion from post clearance audit collected and paid to State budget

VND234 billion from post clearance audit collected and paid to State budget

VCN – The revenue collected by the Post Clearance Audit Department under the General Department of Vietnam Customs accounts for 50% of the total revenue of the whole post-clearance audit force.
Online public service: Contributing to promoting the disbursement progress of public investment capital

Online public service: Contributing to promoting the disbursement progress of public investment capital

The launch of online public service has brought many utilities for treasury tellers and the units using the state budget, promoting the disbursement progress of public investment capital
Total state budget revenue in eight months estimated at VND1,208.2 trillion

Total state budget revenue in eight months estimated at VND1,208.2 trillion

VCN - According the data announced by the General Statistics Office on August 29, the total state budget revenue in the first eight months of 2022 rose 19.4% year-on-year to VND1,208.2 trillion, equaling 85.6% of the yearly estimate.
Saving recurrent expenditures, cuts down on unnecessary expenditures

Saving recurrent expenditures, cuts down on unnecessary expenditures

VCN - The Ministry of Finance has strictly managed state budget spending, and thoroughly saved recurrent expenditures from the year’s estimation and during the implementation process.
Ha Nam Ninh Customs: accompanying businesses in the period of recovery and development

Ha Nam Ninh Customs: accompanying businesses in the period of recovery and development

VCN - As of August 14, Ha Nam Ninh Customs Department met 63.43% of the assigned target. For the rest of the year, the unit will focus on monitoring fluctuations, the factors that increase or decrease the state budget revenue and goods with high tax rates
VND56 trillion of unallocated public investment capital

VND56 trillion of unallocated public investment capital

It is forecasted that by the end of July, more than VND56 trillion of public investment capital from the state budget in 2022 will not have been allocated due to various reasons.
Striving to reduce the number of public non-business units under Ministry of Finance

Striving to reduce the number of public non-business units under Ministry of Finance

Ministry of Finance will continue to renovate its management mechanism and strengthen its organizational structure, improving the operation efficiency of public non-business units
Loosening credit room: caution necessary

Loosening credit room: caution necessary

VCN - According to data from the State Bank of Vietnam (SBV), as of May 27, credit is estimated to increase by 7.75%, about two times higher than the same period in 2021.
Tax reductions to control petroleum price are not an effective solution

Tax reductions to control petroleum price are not an effective solution

VCN - According to As. Prof. Dr. Dinh Trong Thinh, Senior Lecturer of the Academy of Finance, with current increases in petroleum prices, tax reduction is not the effective solution because it affects the State budget and does not met requirement of environmental protection and emission reduction.
Hai Phong Customs collects VND25,210 billion for the State budget

Hai Phong Customs collects VND25,210 billion for the State budget

In April, Hai Phong Customs Department collected nearly VND6,800 billion.
State Treasury Development Strategy by 2030: Digital transformation in professional operation and internal administration

State Treasury Development Strategy by 2030: Digital transformation in professional operation and internal administration

The State Treasury Development Strategy by 2030 has been approved by the Prime Minister in Decision No.455/QĐ-TTg dated April 13, 2022.
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