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With rosy signs in the second half of last year, Vietnam's fishery sector is expected to post positive growth this year.

Tax declared from e-commerce activities had been increasing, reported the General Department of Taxation.

HCM City authorities are planning to revoke “long-delayed or projects that are no longer feasible” that have affected thousands of home owners who have been asked to move to make way for these projects.

The General Department of Taxation (GDT) reported on August 18 that it has completed the integration of additional 27 administrative procedures into the national public service portal, lifting the total number of online public services provided through the portal to 120.

The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations on the sector.

Anti-transfer pricing measures were included in the Law on Tax Administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.

The ratio of bad debts in the domestic banking system will be dropped below 3 percent by the end of 2020, making contribution to restructuring the macroeconomic policy.

Experts said that in order to deal with bad debts more effectively, local governments and management agencies need to remove obstacles quickly, proactively and actively.

The Ministry of Finance estimated that the reduction and exemption of the corporate income tax may lead to a decline of some 9.2 trillion VND (395.29 million USD) in the State budget revenue annually.

The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits.

An international workshop on transfer pricing was held in Hanoi, drawing 200 delegates from the National Assembly, ministries, associations, universities, institutes, and businesses.

The Ministry of Transport has ordered GrabTaxi Vietnam Co Ltd to halt a planned expansion; the company will only be permitted to grow within the five localities in their pilot programme.

The Ministry of Agriculture and Rural Development (MARD) has issued regulations on the use of national brand GAO VIET NAM or VIETNAM RICE.

Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest State taxes despite reporting high profits, statistics show.

As the world faces a crisis in wealth distribution, some experts doubt if the accumulation of capital will encourage innovation and investment, but instead, lead to multiple tax burdens and increase the gap between rich and poor.

Ho Chi Minh City's Tax Department plans to continue to collect taxes from online businesses that use Facebook and other social media sites.

Several listed companies on the two national stock exchanges have been punished for tax-related violations.

The Netherlands-based ride-hailing firm Uber International Services Holding B.V has filed a lawsuit against the Ho Chi Minh City Tax Department after it decided to forcibly collect tax, Nguoi Lao Dong (Labourer) newspaper reported.

The General Department of Taxation has announced it has finished refining the pilot online-based tax payment service (E-Tax) for enterprises.

The Global Alliance for Trade Facilitation (GATF) will help Vietnam to establish a customs bond system – part of the country’s efforts to modernise and reform administrative procedures relating to import and export.