Since the issuance of Circular 80, large cross-border service providers such as Google, Facebook and Netflix have expressed their support and have said they are willing to pay taxes.

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance.

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.

Capital city-based businesses on Thursday asked for specific tax policies from local authorities as they struggle with the economic downturn caused by COVID-19.

The HCMC Department of Science and Technology has lately launched various activities and policies to support companies to register for a science-technology business certificate to enjoy preferential conditions. 

Vietnam’s policy on tightening control over import and decreased domestic consumption as well as exports in South Korea have prompted South Korean investors to set their car part production bases in Vietnam.

The Ministry of Finance (MOF) has sent drafts of tax laws to the Ministry of Justice (MOJ) before being submitted to the Prime Minister and NA for approval in 2018.

 VietNamNet Bridge – A special high tax proposed by some provinces and cities is being questioned by economists due to its controversial impacts on Viet Nam’s tax policies. 

The imposition of temporary safeguard duties on DAP and MAP fertiliser imports into Vietnam, which came into effect on August 19, is an effort to help protect the domestic fertiliser industry but might push up production costs for farmers.

VietNamNet Bridge - The Vietnamese automobile market is much smaller than Thailand, the Philippines and Malaysia, but it is now one of the most attractive markets in the region.

 At 43.8 per cent of the country’s adult population, general alcohol consumption rate of Vietnamese people is higher than some might expect.

VietNamNet Bridge - Vietnamese are turning their back on Chinese cars for several reasons, including low quality, design copies and vulnerability.

VietNamNet Bridge - While some economists believe that Vietnamese businesses cannot grow because of heavy taxes, others believe that taxes should not be blamed.

The government has denied that acting as a guarantor for enterprises to borrow capital would threaten the nation’s financial security, saying that the involved parties have to follow strict procedures to avoid risks.

VietNamNet Bridge - Car importers have unanimously opposed the Ministry of Finance’s (MOF) plan to apply a new luxury tax method.

VietNamNet Bridge - High export turnover and export growth rate are usually cited in government agencies’ reports as proof of economic development. However, there are many problems behind the figures.

VietNamNet Bridge – Preferential tax policies will help enterprises restore production rates, Bui Van Nam, the department's director general, tells Hai Quan Cuoi Tuan (Customs Weekend).

 VietNamNet Bridge – Viet Nam's policy-making bodies may reconsider a proposal to exempt non-alcoholic carbonated drinks from the list of products subject to an excise tax rate of 10 per cent.

Vietnamese real estate developers now keep curious about what the German real estate tycoon Thomas Kramer looks for in Vietnam and where he would put his money into.