Ministry of Finance

Update news Ministry of Finance

Favourable policies expected to drive auto market growth

The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output.

Finance ministry acts to improve business climate

The Ministry of Finance plans to hasten tax and customs administrative reforms this year to improve the business climate.

Twelve SOEs report losses in 2019

The Ministry of Finance has revealed that twelve out of 136 wholly state-owned enterprises had posted losses of $31 million in the first half of last year, and six others faced warnings regarding financial security.

Ministry eyes tightening corporate bond issuance amid market’s overheating

The Ministry of Finance will tighten regulations over corporate bond issuance because of an overheating market to protect investors and prevent risks...

Information and Communications Ministry gearing up for 2.6 Ghz auction

Minister of Information and Communications Nguyen Manh Hung has urged the Authority of Radio Frequency Management to auction off space on the 2.6 Ghz spectrum.

Ministry of Finance proposes fines for invoice violations

The Ministry of Finance (MoF) has proposed fines of between VND20 million (US$876) and VND50 million for the act of printing fraudulent invoices.

Public non-business units slow to change

To improve the quality of public products and services, the Government in June 2015 issued a decision to transform public non-business organisations into joint-stock businesses.

Long history brand is no longer an important factor

Approaching his 40th birthday, Nguyen Tuan Ngoc thought he had a job safe enough to never have to worry about looking for work again.


Vietnam finance ministry responds to Moody’s latest rating action

The Vietnamese Ministry of Finance (MoF) on Wednesday said Moody's Investors Service’s decision to confirm Vietnam’s rating at Ba3 but change the outlook to negative was not appropriate.

Vietnam forgoes US$536.83 million tax under FTA commitments

The contribution of import duty to customs revenue has been declining over the past few years, from 21.85% in 2017 to 17.4% in 2018 and 16.7% in 2019.

Ministry of Finance proposes reducing import tax on some foods

The ministry said consumers will benefit from tax reductions due to decreasing product prices.

Finance ministry proposes cutting import taxes on chicken, pork

The Ministry of Finance has recently sent Dispatch No.14813/BTC-CST to competent ministries and sectors, suggesting cutting import on chicken and pork products.

Vietnam to give tax incentives to automobile manufacturers, electric car imports

Prime Minister Nguyen Xuan Phuc has instructed the Ministry of Finance (MoF) to look at taxes and fees related to automobile manufacturing and assembly in order to help the sector grow.

Vietnam, US cooperate to strengthen infrastructure finance

The Ministry of Finance inked a cooperation framework to strengthen infrastructure finance with the US Department of the Treasury in Hanoi on November 6.

Finance ministry to announce over 750 firms delaying listing

A list of 755 enterprises failing to register to list on the stock market after equitisation will soon be announced.

Import duties to be eliminated for auto parts

The Ministry of Finance plans to eliminate the import tax for auto materials and parts in order to support the development of the country’s automobile industry.

Viet Nam seeks to provide fair treatment to ride-hailing, traditional taxi firms

The Ministry of Finance makes a careful study of tax laws to collect taxes from electronic contract-based vehicles to avoid evasion and ensure a level playing field for ride-hailing and traditional taxi firms.


Lower crude oil prices to challenge Vietnam’s economy

VietNamNet Bridge – Crude oil prices have plummeted recently, affecting revenue for state coffers, which depend heavily on oil and petroleum exports and imports.

MOF’s failure in formula price management makes people’s blood boil

Unaware of how high the formula prices in Vietnam are in comparison with the other regional countries, the Ministry of Finance’s Price Control Agency is now incurring the heavy fire of public opinion.

Local corporate bond market still small

 VietNamNet Bridge – The local corporate bond market is seen small compared to other Asian peers, with its outstanding balances totaling some VND70 trillion or only about 2.47% of the nation’s gross domestic product in 2012,