Volunteers join a campaign against the use of tobacco in central Da Nang city (Photo: VNA) Hanoi (VNS/VNA) - The new cigarette tax rate of 5,000 VND (0.2 USD) per pack will help reduce the rate of tobacco consumption and increase the State budget, health experts have said. Speaking at the conference on tax incentives to prevent tobacco harm on September 25 morning, health experts said the application of the special consumption tax rate will reduce the tobacco use rate among men from 45.3 percent to 39 percent by 2020. Currently, Vietnam has the world’s ninth-highest number of smokers. On average, one in every two male adults is smoker. The prevalence of smoking among adolescents is 24.3 percent. The country has been suffering the burden of disease and financial loss caused by tobacco use. In 2015, Vietnamese people spent up to 31 trillion VND (1.3 billion USD) on cigarettes and more 24 trillion VND (1.03 billion USD) on treatment of tobacco-related diseases such as … [Read more...] about Increase on special consumption tax vital to reduce smoking
Amending tax return
A customs official checks goods at Ben Luc Customs Sub-Department in the southern province of Long An. — VNA/VNS Photo Hoang Hung Simplified tax and customs procedures would attract more foreign investors to Viet Nam, said South Korean Ambassador Kim Do-huyn at a conference in Ha Noi on September 17. Ambassador Kim said Viet Nam needed to create a more transparent and fairer tax environment for businesses. South Korea is the largest direct investment partner in Viet Nam. According to statistics, South Korea has 6,760 projects with total registered capital of US$59 billion. Speaking at the meeting, which was held by Viet Nam’s Ministry of Finance and the South Korean Embassy in Viet Nam, Deputy Minister of Finance Vu Thi Mai said that administrative procedures, tax policies and customs were always a top concern. “The finance ministry is ready to listen to comments from enterprises to solve difficulties related to administrative procedures, tax and customs policies, … [Read more...] about VN and South Korea discuss tax policies
Deputy Prime Minister Vu Duc Dam speaks at a meeting organised by the National Council for Sustainable Development and Competitiveness Improvement held in Hanoi on December 6. (Photo: chinhphu.vn) Hanoi (VNA) - Although Vietnam has made strides in bettering the business environment and competitiveness capacity, there’s still room for improvement, heard participants at a meeting held in Hanoi on December 6. The meeting, organised by the National Council for Sustainable Development and Competitiveness Improvement, aimed at reviewing the implementation of the government’s efforts on the issues from 2019 and assign tasks for next year. Dau Anh Tuan, Director of the Legal Department of the Vietnam Chamber of Commerce and Industry, said results of surveys on administrative procedure and tax procedure reform and business environment improvement in 63 provinces and cities showed the proportion of enterprises with positive assessment continued to increase for the third … [Read more...] about Vietnam makes progress in improving competitiveness
A Vietnamese taxi driver accused an American woman of Vietnamese descendant of sexually harassing him on May 4 but oddly the latter had reported to local police that she was raped by another cabbie just a couple of days earlier. The accuser-turned-accused Pham Thi Thanh Ngoc, 40, is also the one who had lodged complaints to local police against a Vietnamese tabloid for what she called ostensible made-up stories last year that she raped many taxi drivers, one of whom was said to be forced to have sex with her over 30 times in two days. However, all of her accusations have been disproved by Vietnamese authorities eventually. Ngoc: I’m a rape victim The American woman told Tuoi Tre (Youth) newspaper on May 1 that she returned to Vietnam to meet a 31-year-old young man named N.Đ.T. living in the southern city of Vung Tau who proclaimed himself as a “poor kept man.” Ngoc said after having a vacation in Hanoi, she and the man in question flew to Ho Chi Minh City … [Read more...] about Vietnamese American’s rape accusation: Raping? Being raped? Or lies?
At a press conference on April 5, the MoF reported that total state budget revenue reached VND 381 trillion (over USD 16.4 billion) during the last three months, equivalent to 27 percent of the targeted figure for this year – higher than the 23 percent of annual targeted revenue achieved during the same period last year. That sum included VND 315.4 trillion gained from domestic sources, up 13.8 percent year-on-year, the ministry said, adding that 49 of the 63 provinces and centrally-run cities had revenues from domestic sources equivalent to over 24 percent of their estimates for this year. Fifty-four localities reported year-on-year increases in their Q1 revenues. Photo: baohoabinh.com.vn. Meanwhile, the state budget spending during the period surpassed VND 315 trillion, equivalent to 19.3 percent of this year’s spending estimate. The MoF said spending tasks have been performed in line with the set plans, ensuring social security. As the spending demand … [Read more...] about State budget surplus recorded in Q1: Finance Ministry