Low credit growth target for 2014

15:26 | 02/12/2013 Finance - Banking

(VEN) - Despite significant improvement, credit is unlikely to reach the 12 percent growth target this year. Economists are worried that the slow growth in 2013 would continue in 2014. For this reason, economic experts have offered proposals, regarding monetary policy for 2014.
Practical measures needed to ease tax difficulties

16:26 | 29/11/2013 Finance - Banking

(VEN) - The amended Law on Tax Management which took effect on July 1, 2013 has significantly contributed to simplifying tax procedures to ensure transparency, saving money and time for taxpayers. However, more practical measures must be taken to help businesses overcome difficulties in the process of implementing tax policies.
Banks look to increase credit

09:44 | 28/11/2013 Finance - Banking

(VEN) - Many experts remain concerned about the slow growth of credit so far this year. However, State Bank Governor Nguyen Van Binh said it was possible to reach the credit growth target.
Breakthroughs in customs modernization and reform

16:07 | 26/11/2013 Finance - Banking

(VEN) - The Vietnam Automated Cargo and Port Consolidated System and the Vietnam Customs Information System (VNACCS/VCIS) will be put into operation on April 1, 2014, marking a major breakthrough in customs modernization in Vietnam.
Practical measures needed to ease tax difficulties

10:18 | 25/11/2013 Finance - Banking

(VEN) - The amended Law on Tax Management which took effect on July 1, 2013 has significantly contributed to simplifying tax procedures to ensure transparency, saving money and time for taxpayers. However, more practical measures must be taken to help businesses overcome difficulties in the process of implementing tax policies.
Export taxes on rubber commodities reduced

10:35 | 21/11/2013 Finance - Banking

(VEN) - According to the Circular 157/2013/TT-BTC which was recently issued, export tax rates of some rubber items in the export tariff described in Circular 193/2012/TT-BTC will be reduced to one percent.
BIDV deploys online tax declaration service

14:38 | 20/11/2013 Finance - Banking

(VEN) - On November 8, 2013, the General Department of Taxation and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) officially signed an agreement to deploy online tax payment service.
Setting up Steering Committee against VAT management violations

10:36 | 19/11/2013 Finance - Banking

(VEN) - The Ministry of Finance has issued Decision No. 2731/QD-BTC on the establishment of a Steering Committee to prevent violations on value-added tax (VAT) management. The decision is effective from November 6, 2013.
Cases of tax refund before verification

15:55 | 08/11/2013 Finance - Banking

(VEN) - Businesses, which are not on the Ministry of Industry and Trade’s list of reputable exporters, are enabled to receive tax refund before verification if they closely observe tax laws and pay via banks as regulated, according to the Ministry of Finance’s Official Letter 13706/BTC-TCT, which provides supplement to Official Letter 7527/BTC-TCT, regarding VAT refund.
MoF to change import tariff lines

15:54 | 05/11/2013 Finance - Banking

(VEN) - The Ministry of Finance is examining the existing Preferential Import Tariff Table and is gathering opinions from related agencies before it changes import tariff lines to comply with Vietnam’s international integration commitments.
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