Customs revenue to surpass target Business

Customs revenue to surpass target

The budget revenue of the General Department of Customs (GDC) surpassed 261.1 trillion VND (11.5 billion USD), or 91.6 percent of the 2017 target as of November 28.
Stop alcohol tax hikes, brewers plead Business

Stop alcohol tax hikes, brewers plead

Taxes on alcohol and soft drinks should not be hiked again in the next few years since successive hikes in special consumption tax have had a strong impact on the market, heard a round table in Ho Chi Minh City.
Finance Ministry proposes new tax on pickups Business

Finance Ministry proposes new tax on pickups

The Ministry of Finance has proposed that the Government apply a special consumption tax on pickups to be set at 60 percent of the tax on cars with nine seats or less with similar engine displacement, a move that would sharply increase their costs.
Environmental protection tax hike hurts firms Business

Environmental protection tax hike hurts firms

The Finance Ministry (MoF)’s proposal to almost triple the environmental protection tax on oil and gas consumption would reduce businesses’ competitiveness against foreign firms, according to VCCI.
Automobile sales decrease in June Business

Automobile sales decrease in June

Vietnam’s automobile sales in June totaled 24,421 units, dropping six percent against the previous month, announced the Vietnam Automobile Manufacturers’ Association (VAMA) on July 8.
Auto imports from India surge Business

Auto imports from India surge

The import of completely built-up (CBU) autos from India in May jumped more than 20 times from February to over 3,500 units with an average price of only 112 million VND (4,870 USD).
Consumption tax hike needed Business

Consumption tax hike needed

Health activists say special consumption taxes imposed on alcohol, beer and tobacco should be increased to improve community health and tackle the national budget deficit.
Car imports drop in February Business

Car imports drop in February

Vietnamese auto businesses imported about 5,000 completely built-up unit (CBU) cars, worth 131 million USD, in February, 1,000 cars less than the previous month, the General Statistic Office (GSO) sai