The value added tax (VAT) will be reduced by 2 percentage points to 8 percent starting this February as part of measures helping taxpayers tackle difficulties.
The revenue to the state budget in the first 9 months of this year amounted to 1,084.7 trillion VND, representing 80.75 percent of the projection and an increase of 10.75 percent over the figure recorded in the same period last year, according to the Finance Ministry.
Prime Minister Pham Minh Chinh on September 26 presided over an online meeting with representatives of the business circle and localities to discuss measures to continue supporting firms in the context of the COVID-19.
Vietnam is ready to provide technical support and share experience in agricultural development with Tanzania, Vietnamese Ambassador to Tanzania Nguyen Nam Tien said during a recent meeting with the host country’s Minister of Agriculture Adolf Faustine Mkenda.
The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.
Prime Minister Pham Minh Chinh has told the Finance Ministry to reform the mindset on policy building in the direction of mobilizing resources from all sources and using all resources in an effective and economical manner.
The report on Provincial Competitiveness Index (PCI) in 2020 acknowledged efforts in administrative reform of all 63 provinces and centrally-run cities, but the business circle still wants local administrations at all levels to further improve their transparency and accountability.
An annual report on the index for administrative procedure compliance costs in 2020 (APCI 2020) was released at a press conference on March 17 chaired by Minister and Chairman of the Government Office Mai Tien Dung, who is also Chairman of the Prime Minister’s Advisory Council for Administrative Procedure Reform.