Q1 budget revenue up 10.3 percent Business

Q1 budget revenue up 10.3 percent

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.

E-customs system benefits businesses

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.
Measures to counter plunging oil prices examined Business

Measures to counter plunging oil prices examined

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.

HCM City exceeds 2014 budget collection goal

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.

Tax inspection conducted in over 67,800 businesses

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.

Tax agencies to audit suspect firms

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.
PM urges tax sector to streamline procedures Politics

PM urges tax sector to streamline procedures

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.

Administrative reforms boost tax collection

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.

French newspapers slam China’s East Sea acts

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.