Taxes lost from e-commerce sector during COVID-19 Business

Taxes lost from e-commerce sector during COVID-19

The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations on the sector.
Tax policies must support firms to boost revenue: official Business

Tax policies must support firms to boost revenue: official

The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister of Finance Tran Xuan Ha has said.
HCM City: State budget collections down 12.4 pct Business

HCM City: State budget collections down 12.4 pct

State budget collections in HCM City in the first four months were estimated at over 117 trillion VND (5 billion USD), 28.9 percent of the estimate and down 12.4 percent year-on-year, the city’s Statistics Office reported.
Hanoi collects nearly 250 trillion VND to its coffer Business

Hanoi collects nearly 250 trillion VND to its coffer

Hanoi collected 249.127 trillion VND (about 10.780 billion USD) to its coffer in 2019, representing 101.5 percent of its projection and 13.5 percent higher than the figure in 2018, according to a leading municipal taxation official.
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.
HCM City fights fake goods, trade fraud Business

HCM City fights fake goods, trade fraud

HCM City authorities are seeking more effective measures in the fight against counterfeit products, smuggled goods and trade fraud as e-commerce grows at a fast pace, an official has said.
Hanoi to reclaim nearly 40ha of land Society

Hanoi to reclaim nearly 40ha of land

The People’s Committee of Hanoi has requested to reclaim 39.2ha of investor-held land belonging to the city’s land fund, in order to construct public works.