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The tax authorities conducted investigations and checks at more than 70,000 businesses, reducing losses of around 20 trillion VND (889 million USD) in 2015.

The Ministry of Finance has developed different scenarios that consider future impacts of oil price slumps for a more flexible management of the state budget in 2016, said Minister Dinh Tien Dung.

The Ministry of Finance has proposed a standard tax rate for anhydrous butter fat (ABF) and anhydrous milk fat (AMF), two different kinds of materials for processing milk products.

Deputy Prime Minister Vu Van Ninh has asked the Finance Ministry to complete a draft resolution on tax incentives for IT firms and collect suggestions from relevant ministries.

The Prime Minister Nguyen Tan Dung has decided to allocate 1.072 trillion VND (about 46 million USD) from the central budget reserves in 2015 to carry out urgent projects.

The prices of RON 92 petrol and E5 bio-fuel were slashed by 373 VND and 571 VND per litre, respectively, as of 3 pm on January 4, marking the sixth consecutive cut.

Hanoi (VNA) - The Ministry of Finance on November 6 officially announced the list of goods which will enjoy tax reduction when the Trans-Pacific Partnership (TPP) agreement is signed and takes effect.

Multiple solutions could increase State budget collection to make up for the central budget deficit of over 31 trillion VND (1.39 billion USD), said Deputy Minister of Finance Vu Thi Mai.

The Ministry of Industry and Trade (MoIT) asked the Government to list thermo-electric plant Long An No2 in its development master plan until 2020, with a vision for 2030.

The Government has adopted the Ministry of Finance's suggestion to issue State bonds with all terms, it said in a Government's resolution released on October 7.

Vietnam can only buy 30,000 cubic metres of crude oil out of a planned 150,000 cubic metres for national reserve, said an official from the Ministry of Finance.

There could be a 2 percent to 20 percent increase in import tax on various types of trucks, according to a circular drafted by the Ministry of Finance.

The Ministry of Finance would speed up the collection of tax arrears in September as a part of the efforts to fulfill the budget collection goal amid plunging oil prices.

Vice Chairman of the Ho Chi Minh City People’s Committee Tat Thanh Cang received a delegation from Cuba’s Ministry of Finance and Prices on September 14.

The Ministry of Finance has proposed to the National Assembly waiving nearly 9 trillion VND (409 million USD) of fines on enterprises for late tax payments.

The Ministry of Finance has sent a document to provincial departments of finance to improve the management of transport fees, as well as prices of essential goods, to prevent price increases.

A delegation from the Ministry of Finance led by Deputy Minister Nguyen Huu Chi visited Australia and New Zealand from July 31 to August 8 to learn State asset management experience.

Budget overspending reached an estimated 100.7 trillion VND (4.6 billion USD) in the first seven months of this year, equal to 44. 5 percent of the year’s budget estimates.

PM Nguyen Tan Dung has instructed the Ministry of Finance to provide 904 tonnes of rice from the national reserves in relief aid to the central province of Binh Dinh, which is facing a drought.