Cashless payments the way of the future for Vietnam Business

Cashless payments the way of the future for Vietnam

The cashless payment system is prevalent worldwide. Going cashless has a lot of benefits for Vietnam, improving transaction safety and making it easier for the State to track transactions and facilitate tax collection.
Five-month tax revenue ups 16.5 percent Business

Five-month tax revenue ups 16.5 percent

The total tax collection in the first five months of this year is estimated at nearly 673 trillion VND (28.8 million USD), equivalent to 57.3 percent of the projection for the whole year and a year-on-year increase of 16.5 percent, according to the General Department of Taxation.
Tax revenue tops 54.37 billion USD in 2020 Business

Tax revenue tops 54.37 billion USD in 2020

Total tax collection in 2020 is estimated at over 1.26 quadrillion VND (54.37 billion USD), equivalent to 100.6 percent of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.
Taxation sector fulfils 60 percent of tax collection estimate Business

Taxation sector fulfils 60 percent of tax collection estimate

The taxation sector has collected over 752.6 trillion VND (32.45 billion USD) for the State budget, equivalent to 60 percent of the yearly estimate and 91.9 percent of the figure of the same period last year, the General Department of Taxation reported.
Customs contributes record to State budget Business

Customs contributes record to State budget

Vietnam's customs department contributed a record 348 trillion VND (15 billion USD) to the State budget from the collection of import and export taxes in 2019, according to the General Department of Customs.
Free trade agreements increase tax collection Business

Free trade agreements increase tax collection

The signing and implementation of free trade agreements has increased Vietnam's tax collection this year, said Luu Manh Tuong, director of Import-Export Tax Department under Vietnam Customs.
Tax collection up 12.3 percent in 2018 Business

Tax collection up 12.3 percent in 2018

The taxation sector collected more than 1.14 quadrillion VND (49.46 billion USD) in tax for the State budget in 2018, equal to 107.2 percent of estimates and up 12.3 percent from 2017.
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.
Uber, Grab under tighter supervision Business

Uber, Grab under tighter supervision

The Ministry of Transport has submitted the draft of a new circular that includes regulations for passenger transport (by car) through software such as Uber and Grab.
Ministry rejects Uber’s complaints about tax arrears Business

Ministry rejects Uber’s complaints about tax arrears

The Ministry of Finance rejected the Netherlands-based Uber International Holding BV’s complaints about the decision to collect 67 billion VND, or nearly 3 million USD, in tax arrears in a statement sent to the US-ASEAN Business Council.