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New rule restricts foreign sea carriers on local lines

The Ministry of Transport has just issued a new circular on license issuance for foreign shipping companies running on local routes in a bid to keep them from illegally dominating the market at home. 

 

New rates for housing transactions issued

 The Ha Noi People's Committee has issued Decision 05/2012/QD‑UBND outlining a new housing price schedule as a basis for calculating registration fees and personal income tax for housin [ … ]

   

Ministry mulls lifting income tax threshold in 2014

The Ministry of Finance is drafting a new law on personal income tax collection, in which it recommends that the tax threshold be lifted to VND6 million (US$288) a month from the current VND [ … ]

   

Ministry cuts fuel import tariffs

The Ministry of Finance has approved a proposal to cut/exempt the import taxes of some petroleum product starting Tuesday.

   

Plan to ban old Chinese machinery proposed

The ministries of Finance and Science and Technology will propose a temporary ban on the import of obsolete Chinese machinery, equipment and technology in 18 sectors.

   

Ministry to toughen policy to curb haphazard investments

The Ministry of Planning and Investment has consulted the Prime Minister to issue the directive no 1792 to stay firm on curbing the haphazard and unsynchronized investments in the country, M [ … ]

   

HCM City urged to change export structure

Authorities in HCM City are targeting an annual export growth rate of 17 per cent under a programme that also aims to shift the structure of the city's exports.

   

Ministry ponders cut in gas tax

Petrovietnam Technical Services Corporation's engineers check a gas pipe. The Ministry of Finance is considering whether to cut the import tax on cooking gas in order to assist gas distribut [ … ]

   

High tax may lead to plastic-bag imports

The high tax rate of VND40,000 (US$1.9)per kg on plastic bags has prompted companies to think of importing bags from other Asean countries such as Indonesia and Thailand to save on productio [ … ]

   

PM calls for securing single digit inflation

Keeping inflation at a single digit is one of the urgent tasks to help the country maintain a reasonable growth of around 6 per cent for the whole year.

   

New decree on payments mooted

A draft decree on non-cash payments mapped out by the central bank will be sent to the central government for approval early this year.

   

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