Ministry mulls auto parts tax cut Business

Ministry mulls auto parts tax cut

The Ministry of Finance has promised to study and report to the Government recommendations by the Vietnam Association of Mechanical Industry (VAMI) on policies to promote domestic automobile production.
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.
Vietnam, US seek stronger financial cooperation Business

Vietnam, US seek stronger financial cooperation

Vietnam expects the US to accelerate the ratification of an agreement on double taxation avoidance and facilitate negotiations for a governmental agreement on cooperation and assistance between customs agencies, said a high-ranking official.
Progress on special zones law to ease investment Business

Progress on special zones law to ease investment

The Department for Economic Zones Management (DEZM) of the Ministry of Planning and Investment is in the process of completing the draft Law on Special Administrative-Economic Units, with adjustments being made in terms of local operations, organisation, administration and foreign investment incentives and policies.
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.
VINPA asks for petroleum protection Business

VINPA asks for petroleum protection

The Vietnam Petroleum Association (VINPA) has proposed to establish commercial barriers to protect local firms once import duties on fuel products are gradually reduced to zero percent.