The Asian Development Bank and the Ministry of Finance have signed an agreement on funding the improvement of transport connectivity in northern mountainous provinces of Vietnam.
The Ministry of Finance has sent an official dispatch to the Ministry of Planning and Investment on the plan to inspect implementation of financial mechanisms on five large FDI real estate firms in 2018.
Economic experts are voicing conflicting opinions on the Ministry of Finance’s proposal to tax housing worth over $30,800, which may earn more to the State budget but severely affect chance of having accommodation for moderate incomers.
According to economist Ngo Tri Long, both options on changing the calculation methods of personal income tax proposed by the Ministry of Finance (MoF) are irrational.
Having encountered quite fierce protests from many organizations about the proposal to impose value added tax (VAT) on the transfer of land use rights, the Ministry of Finance (MoF) confirmed that it would not impose the tax.
Deputy Prime Minister Truong Hoa Binh has assigned the Ministry of Public Security, the Ministry of Industry and Trade, the Ministry of Finance and other relevant agencies to strictly handle the commercial infringements caused by Khai Duc Ltd., Co. (Khaisilk) in accordance with the law.
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.
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).
The Ministry of Finance (MoF) has rejected the Netherlands-based Uber International Holding BV’s complaints about the decision to collect VND67 billion (nearly US$3 million) in tax arrears in a statement sent to the US-ASEAN Business Council.
Nguyen Manh Ha, vice chairman of the Vietnam National Real Estate Asociation (VnREA) said that the proposal of imposing VAT on land use rights of the Ministry of Finance will make the real estate market in danger.
If the Ministry of Finance (MoF)’s draft law, which amends and supplements five tax laws is adopted, it will have serious impacts on beverage producers.
Head of the Finance Ministry's Tax Policy Department Pham Dinh Thi affirmed that the Ministry of Finance has not announced any taxes on the second home.
The VAT increase proposed by the Ministry of Finance prompt me to the question: For whom? In a country where the State affirms that it is "of the people, by the people, for the people", raising VAT is eventually for whom?
According to Associate Professor, Dr Ngo Tri Long, former head of Price and Market Research Institute under the Ministry of Finance, reasons put forward by the Ministry to increase value added tax (VAT) are inappropriate and unconvincible.
