HCM City tops State budget revenue target Business

HCM City tops State budget revenue target

Total State budget revenue in HCM City reached 347.98 trillion VND (15.32 billion USD) in 2017, slightly more than the year’s target, and up 13.5 percent compared to 2016, according to the city’s State Treasury.
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.
Finance Ministry proposes tax law changes Business

Finance Ministry proposes tax law changes

The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.
Further fee cuts needed to support firms Business

Further fee cuts needed to support firms

The Vietnam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance (MoF)’s proposed fee cuts was a positive move, but stronger cuts or even abolishment were needed to support businesses.
Tax on income from bank savings proposed Business

Tax on income from bank savings proposed

The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.