Vietnamplus

The Hanoi Customs Department will accelerate its use of information technology (IT) in the customs process to promote transparency, simplicity, and modernity in the sector.

The country's tax revenues in the first five months of this year continued to grow despite reduction in tax collection from crude oil, according to the General Department of Taxation.

The Prime Minister has requested ministries and localities continue efforts to expedite adopted measures and solutions stated in Party, National Assembly and Government resolutions.

Budget revenues were estimated at 226 trillion VND (10.5 billion USD) in the first quarter, up 10.3 percent year on year and meeting 24.8 percent of collection plans, according to Deputy Finance Minister Vu Thi Mai.

After one year of application, the Vietnam Automated Cargo and Port Consolidated System/Vietnam Customs Information System (VNACCS/VCIS) has greatly benefited enterprises, especially in saving time for customs clearance, reported the Vietnam Customs.

The Ministers of Industry and Finance unveiled the ECO Sticker car information labeling campaign, and signed the MOU on Carbon Dioxide taxation law.

Experts suggested policies that the Government can implement in response to plunging oil prices at a conference organised by the National Centre for Socio-Economic Information and Forecast on February 6.

It has become mandatory since January 20 for e-commerce or social network sellers to register their transactions in order to facilitate tax collection.

Takehiko Nakao, President of the Asian Development Bank (ADB), has spoke highly Indonesia’s efforts in implementing its economic reform.

Ho Chi Minh City’s budget collection in 2014 reached 252.1 trillion VND (over 11.8 billion USD), 111.44 percent of the yearly estimate, and 11.4 percent above the 2013 collection, as released at a conference in the city on January 15.

The General Department of Taxation has to date conducted tax inspections over more than 67,800 enterprises, accounting for 14 percent of the total operating ones, heard a conference in Hanoi on December 26.

Residents’ satisfaction about most local public services in Ho Chi Minh City was rated as above average, according to results of a recent survey by the municipal People’s Committee.

The tax authorities will audit enterprises which have allegedly made suspicious transactions, according to a list provided by the State Bank of Vietnam 's Anti-Money Laundering Information Centre.

Prime Minister Nguyen Tan Dung has asked the taxation sector to focus on reducing troublesome procedures in tax payment and impose strict punishments on officers who harass the people and businesses.

Some 335 trillion VND (15.7 billion USD) has been collected from taxes in the first half of 2014, up 14.5 percent year on year and equal to 53.7 percent of the annual tax collection plan.

The tax authorities must continuously reform administrative procedures as there are many shortcomings, said Finance Minister Dinh Tien Dung at a conference in Hanoi on July 3.

State budget collection in the first half of this year was estimated at over 335 trillion VND (15.7 billion USD), up14.5 percent over the same period last year.

In recent days, many major French newspapers are running articles protesting against China’s unjustified hegemony and its illegal placement of the oil rig Haiyang Shiyoug-981 in the East Sea.

Hanoi collected over 162 trillion VND (7.7 billion USD) in taxes this year, 0.3 percent higher than its annual target, the municipal Tax Department has reported.