MoF

Update news MoF

Chinese farm produce with zero tariff puts pressure on Vietnamese products

VietNamNet Bridge - Thousands of products from member countries of the ASEAN-China Free Trade Agreement (ACFTA), including China, will enjoy a preferential tariff of zero percent.

Vietnamese startups become FIEs after calling for investment

Vietnamese startups often become a foreign-invested enterprise (FIE) after successfully raising funds from foreign investors. Coc Coc, Vntrip, Huy Vietnam, The KAfe and Wrap & Roll are just a few of them.

Investors pour money into horse race courses

VietNamNet Bridge - Investors, both foreign and Vietnamese, are running a race for licenses to open horse race courses.

Life insurers compete for market share

VietNamNet Bridge - The high expected growth rate of 30-40 percent per annum and the low 8 percent of the population with life insurance policies all make the sector attractive. Nineteen life insurers have been competing fiercely in the field.

Vietnamese spend millions of USD at overseas casinos each year

While Vietnamese state management agencies still argue about whether to allow Vietnamese to go to domestic casinos, Vietnamese transfer hundreds of millions of dollars abroad every year and spend money at casinos.

An American-style lottery in Vietnam?

VietNamNet Bridge - Will Vietnamese businesses have to share the multi-billion dollar lottery market with foreign investors?

Which firms bring the most money in the state’s divestment campaign?

VietNamNet Bridge - The 10 biggest state disinvestment deals in the first eight months of the year brought VND7.222 trillion, double the figure in 2015.

Vietnamese still barred from entering casinos

The Ministry of Finance (MOF), which is drafting a government decree on casino business management, has once again barred Vietnamese from entry. Only foreigners and Viet Kieu (overseas Vietnamese) would be allowed to enter casinos in Vietnam.

Vietnam loses VND4 trillion as it fails to collect tax on Chinese car imports

VietNamNet Bridge - Vietnamese enterprises are complaining that they cannot compete with cheap Chinese car imports that evade taxes.

Young female leaders who inherit fortunes face business difficulties

VietNamNet Bridge - Many women praised for their talent and huge business assets inherited from their parents have not performed well in business.

Ministry faces difficulties on drafting transfer pricing decree

The Ministry of Finance said that it would be difficult to finish drafting a decree on preventing transfer pricing within only a few months.

MOF proposes tax reduction to rescue SMEs

VietNamNet Bridge - The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17 percent for small and medium sized enterprises (SMEs).

Is the State yielding to businesses and accepting a loss of VND15 trillion?

MOF is collecting opinions on the draft National Assembly’s resolution on rescheduling and forgiving businesses a total tax debt of VND15 trillion, or $675 million, explaining that the tax relief will help businesses escape current difficulties. 

Vietnamese turn their back on Chinese cars

VietNamNet Bridge - Vietnamese are turning their back on Chinese cars for several reasons, including low quality, design copies and vulnerability.

What’s behind the government's $86 billion debt?

VietNamNet Bridge - The changes in debt structure, caused by the government's borrowing from domestic sources, and the rapid increase in total debts are two significant items included in the public debt bulletin.

New source of revenue for the VN Government

VietNamNet Bridge - With a series of programs and incentive packages, including the small enterprise support draft law, the state budget is expected to have a new source of revenue worth $19.2 billion.

Are Vietnamese businesses burdened with high taxes?

VietNamNet Bridge - While some economists believe that Vietnamese businesses cannot grow because of heavy taxes, others believe that taxes should not be blamed.

Gov’t: budget deficit rising

The budget deficit in the first half of the year hit VNĐ82.9 trillion (US$3.7 billion) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.

Finance Ministry plans to issue government bonds in foreign currencies

The announcement by the Ministry of Finance (MOF) to seek capital in foreign currencies from domestic sources has raised concerns. Experts warned this would encourage people and businesses to hoard foreign currencies and worsen dollarization.

How can businesses choose strategic shareholders?

Analysts have noted that equitized SOEs tend to choose  conglomerates with powerful financial capability - real estate developers or financiers - which do not have relations to their core business fields, as their strategic shareholders.