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Is formula milk in Vietnam most expensive in region?

VietNamNet Bridge - A ceiling price has been applied to formula milk for children aged below six for one year. Most recently, the government decided to continue it for one more year, until December 31, 2016.

Finance Ministry to issue treasury bills to ‘rescue’ state budget

VietNamNet Bridge - The State Treasury has announced a plan to put VND6 trillion worth of treasury bills out to tender and another VND6 trillion this week to mobilize capital for the state budget.

Coal mining industry controlled by groups

Vietnam is expected to have 3.5 million surplus tons of coal in 2015 and 2 million tons in 2016, which it would export for dollars. 

Bets off for new casino

The Ministry of Finance, the body which is currently compiling a decree guiding casino operations in Vietnam, last week rejected a proposal from the Khanh Hoa Provincial People’s Committee for a property complex containing development of a casino.

NA urged to conduct petrol price monitoring

VietNamNet Bridge - Economists have suggested that the National Assembly should monitor petrol pricing amid strong opposition from the public against recent petrol price increases.

Low-cost Indian cars not expected to be sold well in VN

VietNamNet Bridge - Analysts don’t think Tata Nano, the cheapest car model from India, would sell well in Vietnam, saying that though Vietnam is a poor country, its people only accept luxury products.

Finance Ministry dissuades Transport Ministry from offering airport concessions to airlines

VietNamNet Bridge - The Ministry of Finance (MOF) has suggested not offering the concession to exploit airports to air carriers, warning that if airports are put under control by airlines, this would create unhealthy competition in the market.

MOF concerned as bond sales remain stagnant

VietNamNet Bridge - The Ministry of Finance (MOF) fulfilled only one-fourth of the yearly government bond issuance plan by the end of April, raising concerns that the state budget would not have money to spend this year.

Lacking money, MOF attempts to raise fees

VietNamNet Bridge - The anticipated loss of revenue of the state budget in 2015 has put pressure on the Ministry of Finance (MOF), which plans to impose higher fees to offset losses.

MOF reduces preferential incentives for Economic Zones

VietNamNet Bridge - The Ministry of Finance (MOF) has rejected a proposal on offering tax incentives to the Chu Lai Open Economic Zone (EZ) in the central province of Quang Nam.

Foreign securities firms get go-ahead

 VietNamNet Bridge – Foreign investors may wholly own securities and fund management companies in Vietnam from this year,

Transfer-pricing cases worse than expected, inspectors find

Inspectors looking for transfer-pricing cases examined 2,866 enterprises in 2014, discovering that the actual losses incurred by businesses was VND5.8 trillion lower than reported.

Ministries issue conflicting notices on petrol import tariffs

Ministries could not reach an agreement on retail petrol prices and import tariffs. They considered two options: raise the import tariff and cut the petrol retail price, or leave the import tariff unchanged and cut petrol prices sharply.

Nearly all insurers survive restructuring

 VietNamNet Bridge – Forty-three of the country's forty-five insurance companies ensured financial safety in 2014, according to a report by the Ministry of Finance (MoF) reviewing insurance market restructuring over the past year.

Public displeased with MOF’s tariff hike on petrol imports

VietNamNet Bridge – The Ministry of Finance (MOF) has raised the tariff on petroleum imports twice within one month in an effort to balance state revenue, but experts have disagreed with the decision.

MoF leader explains equitisation-boosting measures

 VietNamNet Bridge – The Vietnamese government is taking various measures to boost sluggish equitisation and achieve the target of 432 equitised enterprises by the end of 2015.

MoF offers tax incentives to support enterprises

 VietNamNet Bridge – The Ministry of Finance (MoF) has submitted a range of tax solutions to the Government in order to remove difficulties and help promote development of enterprises.

Casino to spin the wheel on locals

 VietNamNet Bridge – A draft law that could allow Vietnamese to play in casinos is expected to earmark Vietnam as a high potential market for casino operators.

Public asset management put under the microscope

 VietNamNet Bridge – The Ministry of Finance has adopted measures to better control public assets as Tran Duc Thang, director general of the Public Asset Management Department told News Newspaper.

State proposes price ceiling for milk products

The Prime Minister approved the Ministry of Finance's proposal on applying a price ceiling on milk products for children.