Business News

The Ministry of Finance (MoF) has expressed its disagreement with certain incentive mechanisms for businesses and individuals working in special economic zones in three provinces.

The forthcoming spikes in the region-based minimum wages are expected to improve workers' incomes but production costs in labor-intensive industries will certainly pick up.

The Ministry of Finance’s recent proposal for a hike of value-added tax (VAT) from 10 per cent to 12 per cent from early 2019 is stirring up public concerns. In the event that people's livelihoods and business performances are still hard, applying a higher tax rate will force them to carry a heavier burden.

Vietnam Chamber of Commerce and Industry (VCCI) in coordination with Google Corporation will hold the Roundtable discussion on “Digital economy & Policy for investment & growth”. The event aims to share the key findings of report named “Digital nations: Polices for investment and economic growth” conducted by Alpha-Beta in early 2017.

The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7 per cent. However, experts have some concern that this would exert more pressure on the central bank to ensure macroeconomic stability and efficiency of credit growth.

The People’s Committee of Đồng Nai Province has suspended the licensing of construction projects in residential areas around the planned Long Thành International Airport in an effort to prevent speculation and higher land prices.

Increasing the regional minimum wage has raised concerns over a potential trade-off with social allowances that would block the new wages from increasing employees' real income.

The Ministry of Finance on Tuesday announced a scheme for amending tax laws, including the laws on value added tax, personal income tax, natural resource tax and special consumption tax.