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National Assembly Standing Committee

National Assembly to decide on tax cut for petrol products

National Assembly to decide on tax cut for petrol products

A draft resolution on the environmental protection tax rates on petroleum, oil and lubricants, was submitted to National Assembly Standing Committee yesterday for final approval.
Govt may withdraw environmental tax hike proposal

Gov't may withdraw environmental tax hike proposal

The Government is considering withdrawing a proposal from the finance ministry to increase environmental taxes on fuel products to the maximum of VND8,000 (US$0.35), stating the move requires further consideration.
NA raises environmental protection taxes on petroleum

NA raises environmental protection taxes on petroleum

Environmental protection taxes on petroleum products will be increased from January 1, 2019, according to a resolution issued by the National Assembly Standing Committee.
Environmental tax hike rejected

Environmental tax hike rejected

The National Assembly Standing Committee has not approved the Ministry of Finance’s proposal to almost triple the environmental protection tax on oil and gas consumption, citing potential harm to consumers.
MoF responsible for public debt: NASC

MoF responsible for public debt: NASC

Members of the National Assembly Standing Committee (NASC) have proposed that the Ministry of Finance (MoF) be the main agency responsible for assisting the Government in the management of public debt, instead of three bodies as currently stipulated in law.
Special Economic Zones may have single leader

Special Economic Zones may have single leader

The National Assembly Standing Committee opened their 14th session on Monday, with discussion centred on the draft Law on Special Administrative-Economic Units.
Robust Q4 needed for GDP goal: Govt

Robust Q4 needed for GDP goal: Gov't

The economic growth rate in the fourth quarter of 2016 must be much higher than that of previous months in order to achieve the GDP growth set for this year, the Government reported to the National Assembly Standing Committee (NASC) on October 17.
Consumption tax hike should be realistic: NA

Consumption tax hike should be realistic: NA

The National Assembly Standing Committee has called for a careful study of impending tax increases under the amended Law on the Special Consumption Tax to ensure that these were realistic.
MOF mulls increasing import tariffs

MOF mulls increasing import tariffs

The Ministry of Finance (MOF) has called for submissions from government agencies on a proposal to raise import tariffs in line with the nation''s World Trade Organisation (WTO) commitments.