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tax reduction

Tax and land-use fee reductions should continue in 2023: MoF

Tax and land-use fee reductions should continue in 2023: MoF

The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.
Ministry of Finance to submit petrol tax reduction plan to NA

Ministry of Finance to submit petrol tax reduction plan to NA

The Ministry of Finance (MoF) has scheduled to submit a plan on reducing petrol and oil taxes to the National Assembly for approval at its October meeting. 
Petrol tax reduction could benefit economic development: experts

Petrol tax reduction could benefit economic development: experts

Viet Nam needs to reduce taxes and fees for petrol and oil products to stabilise the domestic petroleum market and ensure economic growth, according to experts.
Govt to slash VAT from 10% to 8% in 2022

Govt' to slash VAT from 10% to 8% in 2022

The government is mulling to slash VAT down to 8 per cent from 10 per cent for a large number of businesses in 2022, starting from February.
Proposed steel import tax reduction to threaten domestic steel production: VSA

Proposed steel import tax reduction to threaten domestic steel production: VSA

Reducing the import tax for construction steel products will threaten domestic steel production, the Việt Nam Steel Association (VSA) has said.
Viet Nam, Slovenia eye cooperation potential in mechanical engineering

Viet Nam, Slovenia eye cooperation potential in mechanical engineering

Viet Nam and Slovenia boast high potential of cooperation in manufacturing agro-forestry-fisheries machineries and equipment – an area of Slovenia’s strength and Viet Nam’s demand
MoF refuses to cut tax rates for coal industry

MoF refuses to cut tax rates for coal industry

The Ministry of Finance has refused to reduce tax rates for the coal industry, citing the fact that tax reduction is beyond the Government’s authority.
New tax cut plan aims to boost entrepreneurship

New tax cut plan aims to boost entrepreneurship

The Government will submit a tax reduction plan to the National Assembly (NA) this month, which aims to meet targets of increasing the number of efficient enterprises in the country to one million by 2020.
Dung Quat oil refinery will not close: finance ministry

Dung Quat oil refinery will not close: finance ministry

The Ministry of Finance has confirmed that the country''s sole oil processing facility – the Dung Quat Oil Refinery – will not be closed thanks to a recent import tax reduction on petroleum products.
VN to abide by WTO rules on vehicle tariff reductions

VN to abide by WTO rules on vehicle tariff reductions

Several types of vehicles will enjoy import tariff cuts beginning next year in line with Viet Nam''s commitment to the World Trade Organisation (WTO) on tax reduction.
Bank cards reached 66 million last year

Bank cards reached 66 million last year

Banks issued nearly 12 million bank cards last year, raising the total number of cards issued in the country to 66.2 million. This was an increase of 22 per cent over 2012, according to the latest data from the State...
Lower VAT urged for key exports

Lower VAT urged for key exports

Reduction of the value added tax for agro-forestry-fishery products should be made to help producers and exporters cope with low market demand and financial difficulties.