The proposal suggests extending the 2 per cent VAT reduction from July 1, 2025, until the end of 2026, for certain goods and services currently taxed at 10 per cent, lowering them to 8 per cent.
To attract investments in offshore wind power, the ministry proposed an exemption of marine area use fees during construction and a 50 per cent reduction in fees for the 12 years after operations begin.
The Ministry of Finance (MoF) is gathering feedback on the draft Law on State Capital Management and Investment in Enterprises through recent workshops and discussions.
The draft Law on Digital Technology Industry being developed by the Ministry of Information and Communications (MIC) aims to a legal framework to promote the development of the industry into an economic sector that contributes in a major way to...
Representatives from the MoF and the SBV said the state agencies appreciate contributions from credit institutions and state-owned enterprises across the country.
The draft Law on Management and Investment of State Capital at Enterprises is expected to solve current problems, thereby helping state-owned enterprises develop.
At the end of March, the Ministry of Industry and Trade unveiled a draft decree on fuel trading and investors were quick to assess that it will be good news for the primary fuel trading companies.
Direct power purchase through the national grid will also help prevent the complicatedness in management and will not require huge investment in the infrastructure system.