tax policy

Update news tax policy

With the current outbreak still not entirely controlled, the government stands at a complicated crossroads as it needs to choose between further state budget security and continued support for the business community.

Vietnamese enterprises urged to prepare for changes in tax policy

These policies not only introduce new tax treatments such as e-commerce transactions, re-auditing or the application of penalties, but also introduce new regulations of tax compliance and audit management.

IMF forecasts Vietnam’s economy to grow by 6.5 percent in 2019

The International Monetary Fund (IMF) on July 16 said Vietnam’s economic growth is projected to slow to 6.5 percent in 2019 from a 10-year high of 7.1 percent in 2018, reflecting weakening external conditions.

Gov’t regulation offers golden opportunity for local auto production

Under a new decree, used auto imports will have no way to enter Vietnam because of high tariffs and strict requirements on maintenance services, creating a golden opportunity for domestic automobile manufacturers.

Real estate assn proposes issuing land-use certificates to foreigners

HoREA has sent a dispatch to central agencies, proposing to amend articles of the 2013 Land Law. It believes that foreigners buying houses in Vietnam need to be recognized as land users (for no more than 50 years). 

Import car market: monopoly and fraud can bring super profits

VietNamNet Bridge - Not only trading companies but authorized car distributors as well have been found playing tricks to evade tax.

Scott Walker drops out of US 2016 presidential race

 Once considered a front-runner, Wisconsin Governor Scott Walker has decided to end his campaign for US president amid dwindling contributions and plummeting poll numbers.

Changing tax calculation method, MOF cuts two trees with one saw

The Ministry of Finance (MOF) has decided to change the method of calculating a luxury tax on car imports, striving to support the development of the domestic automobile industry and increase state budget revenue from tax collection.

MOIT rejects manufacturers’ claims, but retains dream of creating auto industry

The Ministry of Industry and Trade (MOIT) has reaffirmed Vietnam’s strong determination to develop its automobile industry and its policy on supporting automobile manufacturers. However, investment incentives will be given only to large projects.

2015 auto import figures reflect Vietnamese desire for cars

VietNamNet Bridge - The amount of money Vietnamese spent in the first four months of the year to import cars, from budget models to luxury vehicles, increased sharply. 

Vietnamese multibillion-dong auto factory near death

Many years ago, Vinaxuki made its way in the world, greeted with applause from state management agencies, which vowed to develop a Vietnamese automobile industry. 

Auto manufacturers undecided about becoming either assemblers or importers

VietNamNet Bridge - Automobile enterprises still cannot decide which business path to follow, either to continue assembling cars in Vietnam or importing cars for domestic sale.

Vietnam vies with Philippines for automobile projects

VietNamNet Bridge - As some South Asian markets have seen considerable decline, foreign investors are heading for other ASEAN markets, including Vietnam and the Philippines.

VN, Thailand to jointly fight transnational crime

NA discusses high-school curricula reform; Legislators debate draft bill on State capital management and use; Vietnam, Cuba holds second Party theory seminar;

Gov’t tax policies limit use of local materials in production

The government has encouraged enterprises to source local materials in manufacturing, but because of unreasonable tax policies it is cheaper to buy imported materials to make finished products in Vietnam.

BUSINESS IN BRIEF 24/2

 E&Y upbeats about VN’s economic prospect; Businesses, State urged to cooperate when joining TPP; Viet Nam's livestock industry overly dependent on imported animal feed; Vietnamese pharmaceuticals eye Cambodian market

Gov’t clarifies first-five-month performance

 VietNamNet Bridge – Deputy PM Nguyen Xuan Phuc on Friday presented a report to update socio-economic performance in the first five months of 2013 at the ongoing 5th session of the 13th National Assembly.

BUSINESS IN BRIEF 9/5

Steel imports top US$2 billion; Second commodity exchange opens; Import tax on used cars to increase; Power assured during dry season; Masan eyes 30-70% profit growth

BUSINESS IN BRIEF 3/5

Fish breeding may disappear from Hanoi village; Ministry proposes minimum wage increase delay; Rental property market challenged by recession; Financial restructuring fails to show results

BUSINESS IN BRIEF 15/4

Steel consumption increase ‘shortlived'; Building material businesses on verge of bankruptcy; US$200 million shopping centre to take shape in Hanoi; Footwear businesses receive orders until Q3