MoF not finished with scrutiny of insurers

MoF not finished with scrutiny of insurers

The Ministry of Finance is committed to ongoing inspections of insurance companies, having completed examinations on two life insurers and with several others either under review or slated for scrutiny imminently.
Tax authorities to cut at least 20 per cent of compliance costs related to business activities

Tax authorities to cut at least 20 per cent of compliance costs related to business activities

The General Department of Taxation (GDT) has said that it guaranteed to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent of compliance costs related to business activities and eliminate unnecessary regulations by 2025.
Bancassurance difficulties softened by profit results

Bancassurance difficulties softened by profit results

Although a decline in the sale of insurance products through banks has materialised in recent months, the sector remains a lucrative avenue for banks.
Tax authority returns nearly $3 billion in VAT

Tax authority returns nearly $3 billion in VAT

In the first seven months of 2023, Vietnam's tax authority has refunded $2.93 billion in VAT to businesses.
MoF collects data serving reduction of 35 kinds of fees, charges

MoF collects data serving reduction of 35 kinds of fees, charges

The Ministry of Finance (MoF) has sent a document to ministries, ministerial-level agencies and Government agencies asking for their coordination in the drafting of a circular on reducing fees and charges to ease difficulties for people and businesses.
Real estate market needs credit solutions: experts

Real estate market needs credit solutions: experts

In an effort to address the ongoing challenges faced by the domestic real estate market, an approach encompassing legal, administrative, and financial solutions is urgently required, particularly in the realm of credit.
Leaders declare intention to up PSRD deployment

Leaders declare intention to up PSRD deployment

Amid difficulties continuing to undermine the business community, the government is hurrying the deployment of the national hallmark socioeconomic recovery and development initiative in a bid to fuel enterprises’ performance and achieve desired economic growth.
MoF points out five key tasks of securities sector in 2023

MoF points out five key tasks of securities sector in 2023

Putting new information technology systems into operation is one of the securities sector's key tasks in 2023
Vietnam set to capitalise as international trade continues

Vietnam set to capitalise as international trade continues

Vietnam’s commitment to trade reform has left the country well-placed to capitalise on a resurgent global economy.
Fixes aim to clear up e-commerce tax

Fixes aim to clear up e-commerce tax

With the fast development of digital commerce in the past few years, an adjusted decree from the Ministry of Finance and a new e-commerce tax portal are expected to facilitate better tax management for e-commerce platforms.
Finance ministry sets targets for banking system

Finance ministry sets targets for banking system

The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.
Vietnam jumps nine places in Open Budget Survey 2021

Vietnam jumps nine places in Open Budget Survey 2021

Vietnam was placed 68th out of the120 countries in the Open Budget Survey (OBS) 2021 recently released by the International Budget Partnership (IBP), up nine spots against 2019 and 23 against 2017, the Ministry of Finance announced on June 9.
Ministry of Finance asks Ho Chi Minh City to reconsider seaport fee collection policy

Ministry of Finance asks Ho Chi Minh City to reconsider seaport fee collection policy

The Ministry of Finance asked Ho Chi Minh City People’s Committee to reconsider the seaport fees when making declarations for cargo.
New incentives on taxes and land rental fee expected to take effect in April

New incentives on taxes and land rental fee expected to take effect in April

Two decrees on the extension of deadlines for payment of taxes and land rental fees will take effect immediately after the Government’s approval, according to Dang Ngoc Minh, Deputy Director of the Ministry of Finance (MoF)’s General Department of Taxation.
Vietnam one of three hottest markets in Southeast Asia for 2022: Wall Street banks

Vietnam one of three hottest markets in Southeast Asia for 2022: Wall Street banks

Vietnam has been picked by analysts from leading Wall Street banks as one of the three hottest markets in the Southeast Asian region, according to the US TV channel CNBC.
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