Vietnam’s ease of paying taxes improves: World Bank Business

Vietnam’s ease of paying taxes improves: World Bank

Thanks to the Government’s efforts to simplify tax compliance processes, Vietnam ranked 109th out of 190 countries and territories on ease of paying taxes in the World Bank’s Doing Business 2020 report (DB2020), up 22 places from the previous report.
Vietnam exerts pressure on Google’s YouTube advertisers Business

Vietnam exerts pressure on Google’s YouTube advertisers

The Ministry of Information and Communications (MIC)’ Authority of Broadcasting and Electronic Information (ABEI) has ordered tens of domestic and foreign brands to not advertise on video clips that contain anti-State propaganda on YouTube, a video-sharing platform.
Vietnam works to close loopholes in e-commerce Business

Vietnam works to close loopholes in e-commerce

Vietnam’s fast-growing e-commerce sector has posed a great challenge for the Government as many retailers are using loopholes in management regulations to trade counterfeit goods and cheat consumers, thus creating economic losses and shattering shoppers’ confidence in genuine e-commerce activities.
MIC authority points out Facebook’s law violations in Vietnam Society

MIC authority points out Facebook’s law violations in Vietnam

The Authority of Broadcasting and Electronic Information under the Ministry of Information and Communications (MIC) has uncovered a number of law violations by the social networking site Facebook, including its failure to remove fanpages with content of subversive activities against Vietnam when requested.
Lower corporate income tax on SMEs proposed Business

Lower corporate income tax on SMEs proposed

Corporate income tax levied on small and medium–sized enterprises (SMEs) should be reduced to promote the business development, a solution together with broadening tax base to increase budget revenue from business and production.
PM tells authorities to investigate tax evasion Business

PM tells authorities to investigate tax evasion

Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Finance (MOF) and General Department of Taxation (GDT) to study media reports on transfer pricing of foreign direct investment (FDI) enterprises and tax policy.
Finance ministry streamlines tax apparatus Business

Finance ministry streamlines tax apparatus

The Ministry of Finance will rearrange tax departments at district level to trim down at least 50 percent of the current tax agencies as of 2020 under its freshly issued Decision 520/QD-BTC.