A workshop on improving business environment via reforming tax policy was held in Hanoi on June 21, but few enterprises attended to present their opinions.
Hanoi (VNA) – A workshop on improving business environment via reforming tax policy was held in Hanoi on June 21, but few enterprises attended to present their opinions.
Nguyen Thi Cuc, President of Tax Consultancy Association, recognised the tax sector’s efforts to reform tax procedures.
However, she said taxpayers are still facing many problems in observing tax laws, partly due to the rapid reform of policy but infrastructure and database have failed to catch up.
In addition, small- and medium-sized enterprises have yet to gain timely access to favourable revised tax policies.
The General Department of Tax underlined its reform including the simplification of forms and use of receipts.
It reported that as of December 31, 2015, 98.95 percent of enterprises filed their tax online and 92 percent of enterprises registered to pay tax online
At the workshop, the Vietnam Chamber of Commerce and Industry (VCCI) cited results of a 2014 survey which showed around half of respondents said that there is easy access to legal documents, laws and policies on tax. Another 79 percent affirmed tax administrative procedures are available or easy to find.
Meanwhile, 70 percent of responding enterprises in the survey said they encounter difficulties learning about legal policies and laws. Most of them send questions to the provincial Departments of Tax and 77 percent of them found answers satisfied.
Pham Ngoc Thac♉h, from the VCCI’s Legal Department, said the survey asked nearly 10,000 enterprises and received feedback from 2,500 enterprises or equal to 27 percent, mostly directors and chief accountants.-VNA
Three Vietnamese steel firms will pay zero tax after answering the anti-dumping questionnaire of the US Commerce Department, but other exporters of steel pipes will pay the maximum tax of 113 percent.
As of May, the Government's revenue from dividends remained low at only 13.5 trillion VND (602 million USD), equal to only 25 percent of the estimates for the year.
Mac Quoc Anh, Secretary General of the Hanoi Association for Small and Medium Enterprises, spoke to the newspaper Kinh te & Do thi (Economic and Urban Affairs) about changes to the investment law.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Source: VNA)
