Vietnamplus

The pressure on the budget deficit will likely increase in the remaining months of this year due to the anticipated rapid rise of investments in capital construction.

A delegation from Myanmar led by Aung Naing Oo, Director General of the Directorate of Investment and Company Administration (DICA) made a working visit to the northern province of Ha Nam on August 9.

The General Department of Taxation under the Ministry of Finance has worked hard to simplify tax-related administrative procedures to facilitate businesses’ tax payments, said the agency.

The draft law on amendments and supplements of laws on business and investment drew attention from Cabinet members at the Government’s regular meeting in Hanoi on August 1.

Scrutiny of business and investment laws is needed to adjust or remove incompatible regulations to serve the long-term development of enterprises, heard a workshop in Hanoi on July 22.

The tax sector will focus on creating a decree to prevent tax losses and transfer pricing in the second half of the year, said Do Hoang Anh Tuan, Deputy Minister of Finance.

The special consumption tax for cars with engines of 2,500 cu.cm – 3,000cu.cm will increase to 55 percent from 50 percent starting from July 1.

As of May, the Government's revenue from dividends remained low at only 13.5 trillion VND (602 million USD), equal to only 25 percent of the estimates for the year.

Vietnam wants suggestions from its partners, including the World Bank (WB), about how to tackle difficulties in balancing the State budget as well dealing with public and bad debts.

The President’s Office announced seven laws, one resolution and an ordinance, which were adopted at the 11th session of the 13th National Assembly at a news conference held in Hanoi on April 29.

The 11th session of the 13th National Assembly (NA) was a success, fulfilling all set tasks regarding making laws, reviewing the legislature’s performance during the 13 th tenure, deciding on socio-

The National Assembly (NA) approved several laws aside from relieving Nguyen Tan Dung from duty as Prime Minister on April 6.

A number of draft laws sailed through the 11th meeting of the 13th National Assembly in Hanoi on April 6 with the majority of votes in favour.

Outcomes of the 2015/16 Knowledge Sharing Programme (KSP) launched by the Republic of Korea (RoK) to share experience in socio-economic development with Vietnam were announced in Hanoi on March 30.

Leading State positions, including the President, Prime Minister and National Assembly (NA) Chairman, are scheduled to be elected at the approaching 11th meeting of the 13th tenure parliament.

Finance Minister Dinh Tien Dung has spoken highly of the International Monetary Fund (IMF)’s support for Vietnam in assessing the country’s macro-economy.

The 46th session of the 13th National Assembly Standing Committee concluded in Hanoi on March 9 after three days of sitting, fulfilling a pile of tasks.

A delegation of Vietnam's finance, customs and taxation officials has met with officials of the World Trade Organisation and the Swiss Federal Customs Administration and Federal Department of Finance.

The content and agenda of the 11th meeting of the 13th National Assembly, to be held in late March, were among the talking points of the NA Standing Committee’s 45th session on the morning of Feb 24.

The National Assembly Standing Committee has declared Sunday May 22 as election day for deputies to the NA (14th tenure), and the People’s Councils at all levels for the 2016-2021 tenure.