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MoF proposed to delay plan of value added tax increase up to 12 per cent

Due to strong opposition against the proposal on raising value added tax (VAT), the Ministry of Finance (MoF) has recently proposed to delay the VAT increase to 11 per cent until from January 01, 2019 and to 12 per cent until January 01, 2020.

MoF proposes two options on personal income tax calculation

The Ministry of Finance (MoF) has transferred the draft law on amendment of tax laws, including personal income tax (PIT), to the Ministry of Justice for evaluation before reporting to the Prime Minister for consideration and submission to the National Assembly in 2018.

China Eximbank disburses additional US$250 million for Cat Linh - Ha Dong Railway project

The Export-Import Bank of China (China Eximbank) has recently approved an additional US$250-million loan for the Cat Linh - Ha Dong Railway project in Ha Noi.

Ministry of Finance raises questions about Hancorp's investments

According to the Ministry of Finance (MoF), Hanoi Construction Corporation – JSC (Hancorp)’s outsourcing investment is not effective and potentially in risk of capital loss.

Cat Linh-Ha Dong urban railway project is delayed due to undisbursed additional loan

The main reason for the delayed progress of Cat Linh-Ha Dong urban railway project this year was due to problems related to the agreement on an additional loan worth US$250 million signed between the Export-Import Bank of China (CEB) and the Ministry of Finance of Vietnam (MoF) on May 11, 2017, according to an official of the Railway Project Management Unit (RPMU).

MoF deposited US$2.48 billion in Vietcombank

Customer deposits in the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) increased by 16.6 per cent in the first nine months of 2017.

Foreign debt of Vietnamese enterprises amounts to US$41 billion

The amount of interest and fees that Vietnamese businesses have to pay in this year is about US$1.56 billion.

Competition in automobile market fiercer than ever

The auto market in Viet Nam is becoming more competitive when car firms drop prices to promote consumption in the context of ASEAN’s new tariff cut and the government’s tax policy changes.

Eagerness for the launching of derivative securities market: A playfield for 'big' investors

The official operation of derivative market has marked a milestone in the development of Vietnam's stock market, meeting the expectations of the Government, the business community and the investors.

Vinatex proposes for State capital divestment of US$220 million

The Vietnam National Textile and Garment Group (Vinatex) has proposed the Prime Minister for series of incentives, separate mechanisms and divestment of the State capital at Vinatex in order to strengthen the Group’s capacity and expand the business in the future.

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