Tax reform crucial for State budget sustainability
Oct 26, 2019Taxes and duties are a very important source of State budget revenue and provide major finance for the Government’s socio-economic development programmes. In Việt Nam, tax revenue is starting to decline while expenditure continues to rise, threatening budget sustainability.
Farm produce needs improved quality to unlock EU market
Oct 26, 2019Though Vietnam is strong in producing and exporting agricultural products, it is facing a range of challenges and barriers in Europe due to new stringent food safety regulations.
Local businesses advised to capitalize on FTAs
Oct 26, 2019Despite its involvement in in numerous Free Trade Agreements (FTAs) and new-generation FTAs, Vietnam has yet to take full advantage of incentivesand opportunities it receives from its participation in FTAs.
US-China trade war evolves into battle for power
Oct 26, 2019Last week, international media reported that the Trump administration was considering slapping a 25 per cent tariff on US$200 billion of imported Chinese goods, 10 per cent higher than its initial proposal, in a bid to pressure Beijing to make trade concessions.
Tough odds for VN market upgrade
Oct 26, 2019Việt Nam’s securities market has a 25 per cent chance of being upgraded to the “emerging market” status from its current “frontier market” level by 2021, according to Võ Trí Thành, senior economist at the Central Institute for Economic Management (CIEM) cum VIAC arbitrator.
Forgiving tax debts must be done transparently
Oct 26, 2019A recent proposal by the Ministry of Finance to clear over VNĐ26.5 trillion (US$1.16 billion) of tax arrears, accounting for more than a third of all tax arrears and irrecoverable fines, has raised public concern about the fairness and transparency of handling tax debts.
Mine declines: Good news for sustainability
Oct 26, 2019The GSO attributed the slump to the plummet in crude oil and coal exploitation. This consequence is directly related to Việt Nam’s past development strategy, when the mining industry still occupied an important position.
Insurance books should not be used as collateral
Oct 26, 2019Lawmakers, lawyers and leaders from Vietnam Social Security (VSS), a State agency in charge of the country’s social insurance programme, have all advised against the practice of using social insurance books as collateral by banks, credit institutions and small loan businesses at a conference last week on the subject.
Gap widens in deposit interest rates
Oct 26, 2019Analysts warned depositors to be careful and select a trustworthy bank to deposit their money since the National Assembly has passed a law for declaring troubled banks bankrupt through an amendment to a law on the operation of credit organisations, which takes effect this year.
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