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.
The consumer price index (CPI) in 2018 is forecast to rise by 3.41 percent, 3.55 percent and 3.9 percent under the scenarios created by the aide group of the Government’s Steering Committee on Price Management.
Casino establishments in Vietnam must soon equip their venues with features like a working camera system to aid the Ministry of Finance in supervising the casinos’ operation.
The Ministry of Finance (MoF) expects to keep this year’s State budget deficit at 3.7 percent of the GDP, below the 3.9 percent mandated by the National Assembly.
Foreign traders not present in Vietnam will have the right to export or import under Vietnamese law and international treaties that the country has signed.
Although FDI has played an important role in boosting Vietnam’s economy, recent changes in policies and regulations have exposed many foreign investors to considerable risks and obstacles.
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 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.
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.
The Ministry of Finance (MoF) has introduced a draft of amendments to laws on Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax and Natural Resources Protection Tax.
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.
The Hanoi Taxation Department shared information about tax policies of Vietnam and Hanoi in particular with the Japanese firms operating in the capital city during a seminar on August 10.
The Ministry of Industry and Trade is crafting a new strategy to protect the auto industry with tax policies at its centre, Sai Gon Times Weekly reported.
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.
The enforcement of the law on tobacco harm reduction should be promoted in ministries, branches and local authorities to reduce dangers from smoking and lower the death rate caused by smoking.
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