While the Ministry of Finance (MOF) is seeking approval for tax hikes to increase the state budget revenue, economists point out that only reasonable government spending will help ease the budget deficit.

The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation’s rules.

The government has just announced the list of 406 state-owned enterprises (SOEs) to be divested in the 2017-2020 period, drawing heavy attention from investors.

VietNamNet Bridge – The Ministry of Finance (MOF) is seeking approval to raise the VAT in 2019, raising concern among economists. 

The recent proposal to increase VAT by the Ministry of Finance (MoF) still contains a number of issues that can potentially cause economic loss and undermine social equity.

Deputy Prime Minister Vuong Dinh Hue asked that the Ministry of Finance’s (MoF) controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.

Instead of lending to large companies, more and more banks have started to lend to small businesses to hedge their risks.

In late August, Vietnam Posts and Telecommunications Group (VNPT) and Electricity of Vietnam (EVN) will divest their capital in three major companies with a total charter capital amount of VND1 trillion ($44 million).

Deputy Prime Minister Vuong Dinh Hue on Wednesday urged the Ministry of Planning and Investment (MPI) to quickly finalise the list of State-owned enterprises (SOEs) that needed to be divested.

MOF introduced a draft of amendments to laws on Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax and Natural Resources Protection Tax at a press conference on Tuesday.

VietNamNet Bridge – The Ministry of Finance (MOF)  believes that it is necessary to tax second and subsequently owned homes to restrict property speculation and oversupply.

The Ministry of Industry and Trade (MOIT) wants to sell all the state capital in Trang Tien Plaza, while  the State Capital Invetsment Corporation (SCIC) and the Ministry of Finance (MOF) want to retain 51 percent of capital.

The number of insurance companies has doubled compared to two years ago, with the size of the insurance market increasing by 2.3 times in the last five years.

VietNamNet Bridge - After two years and nine months of applying the ceiling price, the price of formula milk products for children aged below six remained stable. However, the policy was removed on April 1.

VietNamNet Bridge - Soon after the government of Vietnam approved sports betting, investors began plans to pour millions of dollars into projects. 

VietNamNet Bridge - Indicators show that Vietnam is one of the countries with the highest entrepreneurial spirit in the world.

VietNamNet Bridge - HCMC authorities are considering working with Facebook on a policy which would control revenue from sales on the social network.

Many investors who gave up casino development projects some years ago are considering returning as the government has turned the green light on allowing Vietnamese to go to casinos.

A flight carrying the representative of a US-based group which runs many large casinos worldwide landed in Vietnam just days before Vietnam’s traditional Tet holiday. 

VietNamNet Bridge - The government has released a list of 19 enterprises in Hanoi and the proportion of the state’s ownership stake in them.