ACCELERATING BUDGET REVENUE COLLECTION
Vietnam’s export and import value in November decreased and the state budget revenue collected by customs agencies reached only over VND284 trillion (US$12.3 billion). Many challenges and pressures on the customs sector needed to be addressed to achieve the best result in the last month of this year.
ECONOMIC INDICATORS PICK UP SLIGHTLY BUT STILL AT RISK
Amidst the complicated developments of the Covid-19 outbreak, Vietnam is still maintaining its growth momentum. In order to maintain its economic stability and development, Vietnam needs to continue implementing suitable monetary and fiscal policies and provide solutions to support those facing difficulties caused by the pandemic.
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INTELLASIA FINANCE & BUSINESS NEWS - DECEMBER 2, 2020
1. Banks rush to stimulate demand for personal credit
2. Social media payment apps test Vietnamese waters
3. Annual textile and garment exports down for first time 25 years
4. Freight and logistics stocks on the rise despite pandemic
5. Stability created with new health e-portal
----and more news
DEVELOPERS’ COMMITMENT TO VIETNAM ILLUSTRATING STRENGTHS
After a period of strong negative impacts caused by the pandemic, real estate investment activities in Asia-Pacific and Vietnam in particular started to show signs of recovery in the second half of the year, and are expected to return towards a stable increase moving into 2021 and 2022.
TAX AND CUSTOMS: FURTHER POLICY REFORM FOR BETTER BUSINESS ENVIRONMENT
The Ministry of Finance recently cooperated with the Vietnam Chamber of Commerce and Industry (VCCI) to organize a dialogue conference on tax and customs policies and administrative procedures in 2020. The event attracted the attendance of nearly 500 northern enterprises.
FOREIGN-INVESTED PROJECTS KICKED INTO HIGHER GEAR
The investor has been requested to contact Ho Chi Minh City’s Public Security Department and local military department for fixing the number of units which will be able to sell to foreign buyers as part of this particular venture.
ASEAN CUSTOMS TRANSIT SYSTEM LAUNCHED TO BOOST REGIONAL TRADE
Cross-border traders in ASEAN can now take advantage of a newly-launched online customs transit management system – the ASEAN Customs Transit System (ACTS) to accelerate trade in goods by road within ASEAN.
