Minister of Finance Dinh Tien Dung and Minister of Planning and Investment Nguyen Chi Dung pointed out difficulties and shortcomings facing the economy in their reports presented at the 14th National Assembly’s seventh session in Hanoi on May 31.
The fifth working day of the 14th National Assembly’s seventh session took place in Hanoi on May 24 under the chair of NA Chairwoman Nguyen Thi Kim Ngan.
The state audit sector plays an important role in tax administration, helping strengthen the national financial system, heard a workshop held by the State Audit Office (SAV) and the UK-based Association of Chartered Certified Accountants (ACCA) in Hanoi on May 9.
Experts gathered at a forum in Hanoi on May 8, discussing measures to enhance tax management as e-commerce is enjoying strong growth amid the Fourth Industrial Revolution.
Currently, businesses may not need to be present in each country to provide services. Therefore, the old concept of a physical business is no longer relevant in the digital age.
The import-export turnover through the Lao Cai International Border Gate on the Vietnam-China border hit 372.8 million USD in the first quarter of 2019, equivalent to 78.2 percent of the figure in the same period last year.
Experts said erasing uncollectible tax arrears was necessary but transparency must be ensured throughout the process to prevent losses to the State budget.
Vietnam will create conditions for the development of a sharing economy, Deputy Prime Minister Vuong Dinh Hue said at a recent conference about the compilation of a sharing economy model.
National Assembly deputies discussed several divisive issues of the draft law amending and supplementing some articles of the Law on Public Investment, and the draft revision of the Law on Tax Management at the one-day 31st session of the 14th NA Standing Committee on February 21.
A delegation of the Vietnamese National Assembly’s Finance-Budget Committee led by Chairman Nguyen Duc Hai has paid a visit to Germany to learn from the country’s experience in State budget and tax management.
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.
Legislators will vote on a resolution ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and relevant documents on November 12, as part of the ongoing sixth session of the 14th National Assembly.
NA deputies are to vote on a resolution on socio-economic development plan for 2019 during their sitting on November 8 within the framework of the NA’s ongoing 6thsession.
Politics
