Finance Ministry

Update news Finance Ministry

Finance ministry wants to cut 30 per cent of environment protection tax on jet fuel

The Ministry of Finance has proposed to cut environmental protection tax on jet fuel by 30 per cent, from VND3,000 to VND2,100 per litre.

Ministry of Finance warns Song Da Corporation

The MoF announced the financial situation and production of Song Da Corporation, with the total revenue in 2018 reaching $78.26 million, down 32.2 per cent.

VN Finance Ministry warns of high corporate bond rates

The Ministry of Finance on November 19 made recommendations concerning corporate bonds, advising investors to carefully consider purchasing those bonds coming with high coupons, reported Sai Gon Giai Phong newspaper.

Finance Ministry proposes tax cut for small firms

The Ministry of Finance (MoF) is proposing a regulation that exempts micro and small enterprises from corporate income tax for two years after they have sufficient income subject to taxation.

 

BUSINESS IN BRIEF 3/12

 “Golden week” to stimulus tourism in Thua Thien-Hue, First supporting industrial park in HCM City, Finance Ministry, BIDV sign 105 million USD loan, Yearly shrimp export could drop by 1 billion USD

Finance Ministry inspects transport fees in five provinces, cities

 The Ministry of Finance has established three inspectorates to inspect freight rates and fares in five provinces and cities including Hanoi, Da Nang, Ho Chi Minh City, Binh Duong, and Dong Nai from today January 28.

Finance ministry revises company tax deduction law

 VietNamNet Bridge – Companies established during January and February this year, having revenue of less than VND1 billion (US$47,000), and which have issued invoices to their clients, may be eligible for tax deduction.

Finance ministry’s salary cut proposal faces government opposition

 VietNamNet Bridge – The Ministry of Finance’s proposal to cut the minimum wage by VND100,000 per month from January 2014, has encountered disagreement from the prime minister as well as many other government officials.

Petroleum enterprises “pair off” with finance ministry

 VietNamNet Bridge – Petroleum enterprises, which are in the state of “willing speech but unwilling heart”, have decided to claim back hundreds of billions of dong worth of tax they paid before.

BUSINESS IN BRIEF 19/3

 Licence for cloth production factory; CEO must avoid losses to keep job; Seven drinking water firms suspended; Right time to invest in property: expert; Country has 104 projects dedicated to social housing

Deputy PM Vu Van Ninh in charge of the Ministry of Finance

From February 6, Deputy Prime Minister Vu Van Ninh has been in charge of the Ministry of Finance. Finance Minister Vuong Dinh Hue will focus on the job at the Central Committee for Economics.