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.
Bank lending rates expected to fall in 2020 Business

Bank lending rates expected to fall in 2020

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
Indonesia’s budget deficit rises to 20.1 billion USD World

Indonesia’s budget deficit rises to 20.1 billion USD

Indonesia’s Finance Ministry has announced that the country’s state budget deficit increased to 281.9 trillion Rp (20.1 billion USD) or 1.8 percent of the gross domestic product (GDP) in October 2019, higher than the same period year earlier of 229.7 trillion Rp or 1.56 percent of GDP.
E-commerce booming but hard to control Business

E-commerce booming but hard to control

E-commerce in Vietnam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.
Singapore to impose carbon tax from 2019 World

Singapore to impose carbon tax from 2019

Singapore will impose a carbon tax from next year in an effort to cut its greenhouse gas emissions and make companies more competitive as global agreements on climate change take effect.
WB President backs Indonesia’s tax reform World

WB President backs Indonesia’s tax reform

President of the WB Group, Jim Yong Kim, has expressed his support to the Indonesian government’s plan on tax reform in an effort to increase the state budget, reported Antara News Agency.
Experts debate new gas environment tax Business

Experts debate new gas environment tax

Experts have called on the Ministry of Finance to be considerate and transparent with their plan to spend the environmental protection tax applied on gasoline, which they have just proposed to double.
ADB continues infrastructure investment in Vietnam Business

ADB continues infrastructure investment in Vietnam

The Asian Development Bank (ADB) will continue its support for infrastructure development in Vietnam, said ADB Vice President for Knowledgement Management and Sustainable Development Bambang Susantono at a press conference on March 8.