News for: Ministry of Finance

Ministry proposes reducing tax for imported petrol

04/27/2022 07:00

The Ministry of Finance (MoF) has proposed the Government cut the most favoured nation (MFN) tariff for unleaded petrol from the current rate of 20 percent to 12 percent.


Finance Ministry, Fitch look into Vietnam’s economic outlook

04/10/2020 11:56 - The Ministry of Finance held a working session with credit ratings agency Fitch in late March to present persuasive evidence regarding Vietnam’s economic resilience amid the existing global challenges.

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Year-end cabinet meeting focuses on institution, law building

01/02/2020 07:29 - Prime Minister Nguyen Xuan Phuc chaired the year’s final regular cabinet meeting in Hanoi on December 31, focusing the discussions on institution and law building work.

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Foreign loan capital disbursement reaches 23.2% of the target

10/24/2019 09:00 - Up to mid-October of 2019, disbursement of foreign capital in the construction field only reached 23.2% of the plan, according to the Ministry of Finance.

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Ensuring legal timber sources in public procurement

06/21/2019 12:05 - The Voluntary Partnership Agreement (VPA), and Forest Law Enforcement, Governance and Trade (FLEGT) between the EU and Vietnam officially entered into force on June 1, 2019.


Deputy Prime Minister asks for investigation on red-claw crayfish

06/03/2019 11:52

Deputy Prime Minister Trương Hòa Bình has asked concerned ministries to check and clarify press reports and information about invasive red-claw crayfish.

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Controversial tax authorities removed

01/30/2019 08:59

A draft regulation that would require banks to provide details of customers’ accounts to tax authorities which has caused controversy has beennbsp;removed from the latest version of the draft Law on Tax Management.


PM asks ministry to speed up reforms

01/10/2019 10:59

Prime Minister Nguyễn Xuân Phúc asked the Ministry of Finance to hasten administrative reforms and improve transparency to create favourable conditions for business development.


SOE equitisation moves slower than expected

11/20/2018 08:59

The equitisation of State-owned enterprises (SOEs) is unlikely to meet this year’s target, as only 11 SOEs had completed the process by the end of September.


New FDI attraction policy to be discussed

07/11/2018 09:50 - On Thursday, in Hanoi, the Ministry of Planning and Investment (MPI) in collaboration with the Ministry of Finance held a seminar on "Investment incentives and associated transactions: current situation and solutions".

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Fertiliser stocks shoot up due to VAT change

06/18/2018 06:59

Fertiliser stocks are surprising the market with many large names hitting the ceiling prices, mainly due to the Ministry of Finance’s decision to make fertiliser subject to VAT at the preferential rate of 5 per cent.


Thousands of containers lying at Việt Nam’s seaports

06/15/2018 08:59

Thousands of containers containing recyclable used materials are now pilling up at seaports in coastal localities of Hải Phòng, HCM and Bà Rịa – Vũng Tàu, reducing productivity and efficiency of ports’ operation and negatively affecting export – impo

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ASEAN+3 to achieve 5.4% growth

05/27/2018 08:58 - ASEAN+3, which is composed of the 10 ASEAN countries plus Japan, South Korea and China, is witnessing robust economic growth.


Da Nang applies E-invoices

05/11/2018 12:00 - Ater Hanoi and Ho Chi Minh City, Da Nang has become the third city to start using electronic invoices.


Draft law lifts banks’ role in e-commerce

05/07/2018 08:59

commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.


Enhancements of online tax collection services proposed

04/29/2018 05:17 - The Ministry of Finance has proposed that money transferring for e-commerce purchases must be made via banking services, or certified payment services.


Forgiving tax debts must be done transparently

04/03/2018 08:59

A recent proposal by the Ministry of Finance to clear over VNĐ26.5 trillion (US$1.16 billion) of tax arrears, accounting for more than a third of all tax arrears and irrecoverable fines, has raised public concern about the fairness and transparency o


Automated customs to roll out nationwide

03/03/2018 08:59

The automated customs system is expected come into operation at all seaports and airports by the end of the third quarter of 2018, according to the Việt Nam Customs.


Over VNĐ10 trillion raised from G-bonds in February

03/02/2018 15:06

The Government mobilisednbsp;more than VNĐ10 trillion (US$440.5 million)nbsp;through six G-bond auctions in February, down 48 per cent against the previous month.


Ministry of Finance re-propeses VAT hike in 2019

01/06/2018 08:26 - The Ministry of Finance has just proposed a new value added tax (VAT) of 11% in 2019 instead of the previously proposed figure of 12%.

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