The Vietnam e-Commerce Association (Vecom) said that a number of regulations in Circular 40 were not yet feasible, which could impact activities of hundreds of thousands of individuals doing business on e-commerce floors.
Tax evasion, tax avoidance and transfer pricing are getting more complicated, particularly through affiliated transactions, due to incomplete and impractical policies, said Deputy Minister of Finance Tran Xuan Ha on July 15.
The PM’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 percent at enterprises where foreign investment is not restricted.
The World Economic Forum’s latest global competitiveness list, released on September 27, ranked Vietnam 55th overall, up five places from last year and 20 from five years ago.
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