Deputy Prime Minister Tran Luu Quang has signed a dispatch on the cancellation of World Bank (WB) loans due to the unusability, and the re-allocation and use of the cancelled International Development Association (IDA) loans in the 2022 - 2023 fiscal year.
Petrol prices increased up to 490 VND per litre in the latest adjustment from 3pm on March 13 by the Ministry of Industry and Trade, and the Ministry of Finance.
An estimated 362.3 trillion VND (nearly 15.3 billion USD) was collected for the state budget in the first two months of 2023. The total is equivalent to 22.4% of the year’s target and up 10.6% from a year earlier, the Ministry of Finance reported on March 3.
The Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production and consumption.
Due to the stagnant bond market, the Ministry of Finance (MoF) has proposed a decree amendment to allow enterprises to convert bond payments into assets, including real estate.
With a view to making a financial disclosure of the state budget, the Ministry of Finance (MoF) has publicised its report on Vietnam’s budget situation estimates for 2023. This shows some caution in formulating budget estimations amid lingering difficulties at home and abroad.
Vietnam’s total State budget collection in January is estimated at 183.7 trillion VND (7.78 billion USD), equal to 11.3% of the yearly estimate and down 0.5% year-on-year, announced the Ministry of Finance on February 7.
The Ministry of Finance has conducted procedures to adjust and supplement the Government’s Decree 65 regarding the private issuance of corporate bonds, Deputy Minister Nguyen Duc Chi said at a government regular press conference in Hanoi on February 2.
The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.
The Ministry of Finance is taking various scenarios under consideration to cope with global uncertainty to complete its budget collection target as set by the National Assembly, Minister Ho Duc Phoc told Vietnam News Agency’s reporter on the occasion of Lunar New Year 2023.
The exemption and reduction of taxes, fees, charges, and land rent represent State assistance for enterprises to help ease expenses and mobilise financial resources to revilatise operations.
The Ministry of Finance (MoF) aims to implement many solutions to achieve the goal of comprehensively developing a safe and sustainable insurance market and meeting the diverse insurance needs of organisations and individuals and ensuring social security this year.
The Ministry of Finance (MoF) has suggested a series of solutions related to fiscal and tax policies in support of citizens and businesses this year, Deputy Minister of Finance Nguyen Duc Chi told a regular press conference of the Government in Hanoi on January 3.
Total State budget collection was estimated at over 1,803 trillion VND (76.6 billion USD) in 2022, equivalent to 127.8% of the estimate, up 15% year on year, reported the Ministry of Finance (MoF) on January 3.
State budget revenue in 2023 is projected at 1.62 quadrillion VND (68.5 billion USD), up 0.4% from 2022, according to a report on state budget, which was exclusively made for the public.
Business
