Some solutions on implementation of 2013, 2014 state budget

16:18 | 19/12/2013 Finance - Banking

(VEN) - The government recently issued Decree 204/2013/ND-CP providing specific regulations and guidance on the National Assembly’s resolution on the implementation of 2013, 2014 state budget, including the regulations on state budget collection over the dividend payout ratios in 2013 and 2014 in total state capital in state-owned joint stock companies (JSCs) of a number of ministries, sectors and localities.
US$50 billion for Greater Mekong Sub-region

14:52 | 18/12/2013 Finance - Banking

(VEN) - The Greater Mekong Sub-region (GMS) members consist of Cambodia, Laos, Myanmar, Thailand, Vietnam, China’s Yunnan Province and the Guangxi Zhuang Autonomous Region.
Scenarios for credit and exchange rate in 2014

15:31 | 17/12/2013 Finance - Banking

(VEN) - Credit in 2013 is unlikely to achieve set target. However, due to new economic growth prospects, some experts said that credit growth in 2014 could come closer to 15 percent.
Low-revenue businesses declare taxes every quarter

15:19 | 13/12/2013 Finance - Banking

(VEN) - The Ministry of Finance recently made public its Circular 156/TT-BTC, which would take effect on December 20 guiding the implementation of several articles of the Tax Administration Law, the Law on Amending and Supplementing Several Articles of the Tax Administration Law, and Governmental Decree 83/2013/ND-CP dated July 22, 2013.
New tax calculation method

10:22 | 12/12/2013 Finance - Banking

(VEN) - The General Department of Taxation issued legal documents on how to calculate corporate income tax (CIT) and personal income tax (PIT) in case of individual transfers their land use right to business.
Tax exemption for households providing accommodation rental

16:08 | 09/12/2013 Finance - Banking

(VEN) - The Ministry of Finance officially submitted to the government a draft decree guiding the implementation of state budget revenue according to a resolution of the National Assembly, including tax exemption (value added tax and personal income tax) for households providing accommodation rental and corporate income tax exemption in 2013 and 2014 for firms supplying meals for shift workers.
Pilot tax collection and refund for import and export goods proposed

10:46 | 05/12/2013 Finance - Banking

(VEN) - The Ministry of Finance is seeking comments on a draft circular guiding the implementation of the pilot collection and refund of taxes, other charges on goods exported and imported through specialized collection accounts of customs opened at commercial banks.
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.
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