Origin fraud threatens local exporters Business

Origin fraud threatens local exporters

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.
NA approves state budget balance in 2018 Business

NA approves state budget balance in 2018

The National Assembly (NA) has issued a Resolution on the allocation of non-refundable aid capital, adjustments to state budget expenditure estimate and approval of state budget balance in 2018.
Tax policies must support firms to boost revenue: official Business

Tax policies must support firms to boost revenue: official

The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister of Finance Tran Xuan Ha has said.
Eleven officials suspended for involvement in alleged bribery at Tenma  Society

Eleven officials suspended for involvement in alleged bribery at Tenma

Eleven officials, including five in taxation and six in the customs have been suspended from work due to their involvement in an alleged bribery case at Japan’s Tenma Vietnam company, Deputy Minister of Finance Vu Thi Mai told a press conference in Hanoi on June 2 following the monthly Government meeting.
Four-month State budget revenue drops as Gov’t offers tax relief Business

Four-month State budget revenue drops as Gov’t offers tax relief

The State budget revenue in January – April was estimated to total 491.38 trillion VND (21.05 billion USD), representing a drop of 5.9 percent against the same period last year, as the Government offered tax relief to support those affected by the COVID-19 pandemic, according to the Ministry of Finance.
Vietnam prioritises counter-terrorism Society

Vietnam prioritises counter-terrorism

Deputy Prime Minister Truong Hoa Binh, head of the Anti-Money Laundering Steering Committee, has urged the Ministry of Public Security to coordinate with the State Bank of Vietnam to provide information and data proving Vietnam’s priority to counter terrorism and terrorist financing.
Promoting e-payment to prevent nCoV spreading Business

Promoting e-payment to prevent nCoV spreading

Banknotes, which go from people to people, are a high-risk source of spreading virus. The habit of using cash among 90 percent of the population makes the banknotes, regardless of their materials as paper or polymer, a potential harmful factor to public health, which can transmit not only corona virus but many other diseases.
Tax chiefs in Asia-Pacific region discuss digital tax World

Tax chiefs in Asia-Pacific region discuss digital tax

Tax chiefs from 17 Asia-Pacific countries and territories, including Vietnam, began their annual talks in Indonesia to discuss a digital tax and how to tackle the issue of base erosion and profit shifting (BEPS).