Finance Ministry proposes continuing tax deferral policy for enterprises

09:00 | 15/02/2023 Finance-Banking Follow Ven.vn on

The Ministry of Finance (MOF) is finalising and collecting feedback for a draft decree on deferring the payments of value-added tax (VAT), corporate income tax, personal income tax and land rent in 2023.

The proposals come as the global economy is expected to continue facing many risks and challenges that can affect a highly open Vietnamese economy.

Finance Ministry proposes continuing tax deferral policy for enterprises

Accordingly, the MOF proposed extending the VAT tax payment in January-May 2023 by six months and VAT in June by five months. The amount of tax to be deferred is estimated at 64-65 trillion VND (2.7 billion USD).

For corporate income tax in the first and second quarters of 2023, the extension is three months. The deferred corporate income tax is estimated at 42.8-43.6 trillion VND (1.8 billion USD).

The MOF also proposed cutting the land and water surface rent in 2023 by 30% for enterprises, households and individuals.

Earlier the National Assembly Standing Committee issued a resolution on continuing to reduce environmental protection tax on oil and petrol to support enterprises and people, helping to stabilise the macroeconomy and keep inflation in check.

Source: en.nhandan.vn

See more news

Two-month state budget revenue grows 10.6 percent year on year

09:14 | 06/03/2023 Finance-Banking

An estimated 362.3 trillion VND (nearly 15.3 billion USD) was collected for the state budget in the first two months of 2023. The total is equivalent to 22.4% of the year’s target and up 10.6% from a year earlier, the Ministry of Finance reported on March 3.

Credit crunch burdens real estate market

06:00 | 03/03/2023 Finance-Banking

(VEN) - Credit plays a major role in the recovery of the real estate market, but in light of major debts, experts are advising that capital be provided only for reliable projects.

UK gov't supports regional financial and business center development in Vietnam

08:07 | 28/02/2023 Finance-Banking

The UK government has appointed TheCityUK to support Vietnam’s goal of developing a regional financial and business centre in Ho Chi Minh City, British Embassy in Hanoi announced on February 22.

Falling interest rates facilitate production and business sectors

06:05 | 25/02/2023 Finance-Banking

Many banks have just launched credit packages with preferential lending interest rates that decreased by between 0.5-3% per year for customers in the fields of business and production, including real estate.

Fiscal policy forecast to be key driver for Vietnam’s growth in 2023

13:00 | 22/02/2023 Finance-Banking

As global demand is slowing and adversely affecting export countries including Vietnam, fiscal policy will significantly help support Vietnam’s economic growth in 2023, experts said.

Official anti-dumping duties imposed on Chinese tables, chairs

09:30 | 20/02/2023 Finance-Banking

The Ministry of Industry and Trade has decided to impose official anti-dumping duties on certain table and chair products from China.

Central bank to prioritise credit for production, business in HCM City

13:08 | 18/02/2023 Finance-Banking

The State Bank of Vietnam’s (SBV) Ho Chi Minh City branch will continue to prioritise credit for production and business, especially in priority sectors, to boost economic recovery.

SBV works to mitigate potential risks for non-banking credit institutions

08:35 | 16/02/2023 Finance-Banking

The State Bank of Vietnam (SBV) is collecting comments on its draft circular to minimise potential risks for non-banking credit institutions and ensure they work in accordance with international standards.

State Treasury to auction VND400 trillion worth of government bonds in 2023

08:47 | 13/02/2023 Finance-Banking

The State Treasury has announced that it plans to raise VND400 trillion (over US$17 billion) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) this year.

Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

13:05 | 10/02/2023 Finance-Banking

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.

Latest Most Read

Vietnamese noodles clear EU safety hurdle

15:09 | 25/03/2023 Foreign trade

(VEN) - All of Vietnam’s instant noodle exports to Europe in the second half of 2022 have been found free of banned chemical residues, paving the way for eased inspection regimes of these popular products shipped to European markets.

The value of wood scraps for business

13:00 | 25/03/2023 Environment

(VEN) - Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.

Bac Giang develops rural industrial exports

07:00 | 25/03/2023 Industry promotion

(VEN) - The northern province of Bac Giang has become an industrial development center in recent years, with industry making a growing contribution to the provincial gross regional domestic product (GRDP). However, many rural industrial establishments in Bac Giang remain small-scaled and lack investment capital, equipment, machinery and technology, limiting production capacity, product quality, competitiveness, and domestic and foreign market expansion.

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

07:00 | 25/03/2023 Infographic

The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.

Vietnam adopts high integration standards

06:00 | 25/03/2023 Companies

(VEN) - Given Vietnam’s increased integration into the global marketplace, domestic producers are being urged to meet standards beyond those expected of high-quality Vietnamese products.

Xoan singing in Phu Tho Province

06:00 | 12/03/2023 Lifestyle

(VEN) - Xoan singing is an ancient art performed during the first two months of the lunar year and designated by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a valuable intangible cultural heritage of the northern Vietnamese province of Phu Tho. It is based on the Vietnamese practice of ancestor worship and dates back to the period of the 18 Hung kings who ruled northern Vietnam from 2879-258 BCE. However, some music researchers believe that Xoan singing emerged much later, during the Later Le Dynasty (1428-1789 AD), as the lyrics bear literary forms and styles of the period.

Son La Dam’s powerful tourism potential

06:00 | 11/03/2023 Tourism

(VEN) - The area of the Son La hydropower reservoir, with its cultural features of the Thai, Tay and La Hu ethnic groups, is being awakened by tourism development to benefit local residents.

Ministry betters business environment

13:00 | 11/03/2023 Economy

(VEN) - The Ministry of Industry and Trade (MoIT) has implemented government resolutions on improving the business environment and enhancing national competitiveness.

Hanoi economy presents mixed picture

13:00 | 12/03/2023 Metropolis

(VEN) - Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.

Efforts urged to find best technology for Vietnam

06:00 | 12/03/2023 Science - Technology

Minister of Planning and Investment Nguyen Chi Dung has called on the Vietnam-Germany Innovation Network (VGI) to further support the National Innovation Centre of Vietnam in developing strategies as well as finding the best and most suitable technologies for Vietnam.

Multimedia

Video Longform Infographic Photo

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

07:00 | 25/03/2023 Infographic

Vietnam-Italy trade partnership

13:00 | 23/03/2023 Infographic

Two-way trade turnover between Vietnam and Italy has doubled since 2010. Vietnam is Italy’s largest trading partner in ASEAN, while Italy is Vietnam’s fourth largest trading partner in the EU.

Renowned Vietnamese artists collaborate on unique porcelain artworks

06:00 | 23/03/2023 Lifestyle

Titled "Hoa Trên Hoa Kết Tinh" (Flowers on Crystallised Flowers), the exhibition will showcase 13 crystallised porcelain items created by Lê Ngọc Thạch, a famed artisan from Bát Tràng, and painted by the internationally-acclaimed overseas Vietnamese artist Hồng Đức Thanh.

Vietnamese culture and silk are topics of event dedicated to women

06:00 | 25/03/2023 Lifestyle

More than 100 female diplomats, representatives of international organisations in Hà Nội, and spouses of foreign ambassadors in Việt Nam gathered at the event.

The first Vietnamese bread festival

06:00 | 25/03/2023 Entertainment

(VEN) - The first Vietnamese bread or “banh mi” festival will take place in Ho Chi Minh City from March 30 to April 2.

Policy

New legal documents in first half of March 2023

06:00 | 23/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Animal feed industry asks for import tax reduction on raw materials

09:55 | 20/03/2023 Policy

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.

Over 250 petitions submitted to authorities on fragility of petroleum regulations

18:07 | 16/03/2023 Policy

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.

New legal documents in second half of February 2023

07:00 | 12/03/2023 Policy

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.

Industry & Trade

Bac Giang develops rural industrial exports

07:00 | 25/03/2023 Industry promotion

Ocean dialogue dicusses offshore renewable energy potential

09:53 | 24/03/2023 Energy

Offshore renewable energy was the centre of discussion at the 10th Ocean Dialogue in the central province of Khanh Hoa on March 23.

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

16:41 | 22/03/2023 Support industries

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.

Offshore wind energy an essential base load power source: official

14:30 | 20/03/2023 Energy

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.

Investment

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors

19:54 | 23/03/2023 Vietnam and other regions

Invest India, the National Investment Promotion & Facilitation Agency, had networking hybrid meet in Ho Chi Minh City, introducing investment opportunities in Indian pharmaceutical industry to potential Vietnamese investors.

Vietnam attracts Czech investors

06:00 | 23/03/2023 FDI

(VEN) - A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.

US businesses exploring investment, business opportunities in Vietnam

10:01 | 21/03/2023 FDI

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.

Da Nang hopes for further investment from RoK city

09:13 | 17/03/2023 FDI

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.

Finance-Banking

Vietnam to develop policies to adapt to global minimum tax

07:05 | 23/03/2023 Finance-Banking

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Vietnam seeks response to corporate tax overhaul

06:00 | 20/03/2023 Finance-Banking

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

07:05 | 16/03/2023 Finance-Banking

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.

Global Minimum Tax a head-scratcher for Vietnamese policymakers

06:00 | 13/03/2023 Finance-Banking

Environment

The value of wood scraps for business

13:00 | 25/03/2023 Environment

(VEN) - Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.

New river trash capture tool launched in Nam Dinh Province

15:00 | 23/03/2023 Environment

On March 23, the Center for Marinelife Conservation and Community Development (MCD) cooperated with the Department of Natural Resources and Environment (DONRE) of Nam Dinh Province, the People's Committee of Nam Thang Commune, and other local partners to organize the event “Launching river trash capture tool” at Village 4 in Xuan Thanh Commune of Nam Dinh Province’s Xuan Truong District.

Việt Nam carries out measures for healthy forests

10:30 | 22/03/2023 Environment

At a forum on the International Day of the Forest yesterday in Hà Nội, Phạm Hồng Lượng, chief of office of the General Department of Forestry, stressed the importance of raising awareness about the role of forests in human life to work together in forest protection and sustainable forest exploitation.

COP28 President-Designate to co-chair Copenhagen climate ministerial meeting

09:46 | 22/03/2023 Environment

Dr. Sultan Al Jaber, COP28 President-Designate, will visit Copenhagen to co-chair the Copenhagen Climate Ministerial with His Excellency Sameh Shoukry, Minister of Foreign Affairs, COP27 President and Foreign Minister of the Arab Republic of Egypt.

Science - Technology

Vietnam, Thailand beef up sci-tech, educational collaboration

06:00 | 25/03/2023 Science - Technology

Thailand will further promote sci-tech and education cooperation with Vietnam, including a plan to teach Vietnamese at some local universities, affirmed Minister of Higher Education, Science, Research and Innovation (MHESI) Anek Laothamatas in a working session with Vietnamese Ambassador Phan Chi Thanh in Bangkok on March 20.

Science, technology, innovation promoted to support national development

06:00 | 22/03/2023 Science - Technology

Various measures will be rolled out from now to 2025 to fine tune science and technology organisations and perfect the legal foundation for state management of science, technology and innovation.

Vietnam introduces automated sorting system

13:00 | 20/03/2023 Make in Vietnam

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.

Domestic ICT firms well-positioned to reach out to the world

06:00 | 20/03/2023 Science - Technology

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.

Society

Agriculture sector to use AI to maximise production

10:42 | 24/03/2023 Society

Despite being a relatively new concept in the country, the adoption of AI in Việt Nam's agriculture industry has gained significant interest from both the government and manufacturing firms due to its numerous advantages over traditional agricultural methods.

Việt Nam strives to eliminate malaria once and for all

09:16 | 23/03/2023 Society

The Ministry of Health has announced plans to review, amend, and supplement professional guidelines to ensure nationwide implementation and assess the National Strategy for Malaria Prevention, Control, and Elimination by 2020 with a view towards 2030.

Transport infrastructure fund needed to enhance Southeast regional linkages

Finance Ministry proposes continuing tax deferral policy for enterprises

See also

See more news

Multimedia