MoF

Update news MoF

The Ministry of Finance issued Circular No. 47 on June 24 to cut 30 fees in the second half of 2021 to support businesses and citizens affected by the Covid-19 pandemic.

Watchdog agency tightens control over bond issuance

The movement of issuing corporate bonds has cooled down, but the large number of bonds that have been issued with no collateral, or untrustworthy collateral, is viewed as a ‘bubble’ that may burst at any time.

Vietnam to raise taxable personal income threshold from July

The threshold would now be raised from VND9 million (US$389) per month to VND11 million (US$475).

No special treatment for support industries: Finance Ministry

The Ministry of Finance (MoF) and the Ministry of Industry and Trade (MoIT) have failed to find common ground with regards to tax policies for Vietnam’s support industry enterprises.

VN enterprises hurt by COVID-19 proposed five months tax payment leniency

Enterprises and individuals directly affected by the COVID-19 would be allowed to pay VAT or land rent five months late, according to a proposal of the MoF.

Financial dilemma over air strips of Noi Bai and Tan Son Nhat airports

State management agencies are at a loss in finding suitable capital for improving the runways at Noi Bai and Tan Son Nhat international airports.

Ministry of Finance to provide legal support for SMEs

The Ministry of Finance (MoF) has issued a plan to provide legal support for small- and medium-sized enterprises (SMEs) this year with focus on tax, customs, securities, price and insurance regulations.

VN Finance Ministry urged to amend out-of-date personal income tax law

The consumer price index (CPI) has increased by 22 percent compared with July 2013, when the 2012 amended PIT Law took effect. However, the taxation threshold remains unchanged.

SOE equitisation plan likely to be missed in 2017-2020

The equitisation of State-owned enterprises (SOEs) has fallen behind the target set by the Government and ministries for 2017-2020.

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.

 

PM blamed ministries for Moody’s negative action

Delay in paying government debts was due to the lack of seriousness of related government agencies in following the instruction of the prime minister.

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.

North-south expressway: foreign contractors not always the best choice

It’s time for Vietnam to build an expressway on its own, experts say.

Should higher taxes be levied on wealthy Vietnamese?

A reasonable tax rate which both encourages people to enrich themselves and increase the resources of the community is needed.

Corporate bonds are a lifebuoy for VN real estate firms

As commercial banks have tightened real estate credit, realtors are seeking capital from corporate bonds.

Vietnam’s securities companies begin playing new game

A number of securities companies now are earning big money from corporate bonds.

Vietnam targets having 5% of population invest in securities by 2025

VietNamNet Bridge - Analysts believe the goal to increase the number of investors in securities is within reach as Vietnam’s stock market is expected to be upgraded to a secondary emerging market.

Luxury car brands target broader market segment

VietNamNet Bridge - Analysts say the automobile market in 2019 will witness the launch of a series of mid-end models with modern technologies and reasonable selling prices.

Ministries disagree about large waste to energy project

While the Ministry of Industry and Trade (MOIT) supports waste-to-electricity project with huge investment capital of VND2 trillion, the Ministry of Finance (MOF) views it as problematic.

Vietnam seeks more capital from domestic sources

VietNamNet Bridge - Vietnam is step by step shifting from relying on foreign debt to seeking domestic capital sources.