Want to be in the loop?
subscribe to
our notification
Business News
TAX AUTHORITIES TO CUT AT LEAST 20 PER CENT OF COMPLIANCE COSTS RELATED TO BUSINESS ACTIVITIES
The General Department of Taxation (GDT) has said that it guaranteed to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent of compliance costs related to business activities and eliminate unnecessary regulations by 2025.
The GDT has just issued Decision No 1308/QD-TCT on the implementation plan for Decision No 1162/QD-BTC dated June 8 of the Ministry of Finance (MoF) on the issuance of the action plan on improving the quality and efficiency of online public service provision by the MoF this year.
In this plan, the GDT aims to continue to reduce and simplify regulations related to business activities, and eliminate regulations that are no longer appropriate.
The GDT's units have completed the integration of online public services under their management into its web portal.
In which, the Public Service Portal and the Electronic Portal of the General Department of Taxation are connected and share data with the National Public Service Portal.
Along with that, the plan sets a target that 100 per cent of administrative procedures that meet the requirements of the law will be provided in the form of a complete online public service.
100 per cent of online public services that are fully qualified for connection are integrated into the Public Service Portal and the GDT's web portal.
100 per cent full-fledged online public services that are eligible for connection, involving many people and businesses, are integrated into the National Public Service Portal.
The decision ensured to reduce and simplify at least 20 per cent of regulations and cut at least 20 per cent of regulatory compliance costs related to business activities in effective documents until the end of May 31, 2020, in accordance with the requirements of Resolution No 68/NQ-CP dated May 12, 2020, of the Government by 2025.
At least 80 per cent of administrative documents are processed completely online. The information systems of the GDT related to people and businesses put into operation and exploitation are connected and interconnected through an integrated and data-sharing platform; information of people and businesses is digitised and stored in national databases without having to re-supply, stated the GDT.
Source: VIR
Related News
MEMBER CORNER / PROMOTIONS
THE REVERIE SAIGON CELEBRATES THE FESTIVE SEASON WITH CURATED CULINARY EXPERIENCES AND BESPOKE CELEBRATIONS
Ho Chi Minh City, Vietnam, 12 November 2026 – The Reverie Saigon, a member of “The Leading Hotels of the World”, unveils its 2026 festive program, presenting a wide range of holiday offerings across its dining venues, spa, and accommodations. Reflecting Ho Chi Minh City’s growing reputation as a leading dining destination, this year’s festive offerings bring together diverse culinary experiences
MEMBER CORNER / PROMOTIONS
PASTA WEEK: EMBARK ON A FLAVOURSOME CULINARY VOYAGE AT NOI
From November 9 to 22, 2026, NOI restaurant located on Level 3 of the Union Square - presents Pasta Week, an exclusive culinary journey celebrating the spirit of "A Celebration of Us". Taking inspiration from its name "NOI", which means "Us" in Italian, the specially curated menu unfolds like a vessel bearing warmth and brings people closer around the dining table.
VIETNAM ECONOMY INVESTMENT
AVERAGE STARTUP CAPITAL PER NEW BUSINESS DOUBLED TO $800,000
More than 243,600 businesses were newly established or resumed operations in the first 10 months of 2026, averaging 24,400 a month, according to the National Statistics Office under the Ministry of Finance. Total additional registered capital reached nearly VND5.8 quadrillion ($227 billion), up 11.6 per cent on-year.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM SEEKS NEW GROWTH DRIVERS TO ACHIEVE DOUBLE-DIGIT EXPANSION IN 2027
The target, approved by the National Assembly (NA) on November 7, comes amid encouraging economic performance in the first 10 months of 2026. However, sustaining high growth will require more than increased investment and credit. Improving productivity, strengthening the private sector, promoting industrial development and accelerating science and technology adoption will be crucial to turning the ambitious target into reality.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S TRADE TURNOVER SURPASSES $1 TRILLION FOR THE FIRST TIME
Total merchandise trade reached more than $1 trillion in the first 10 months of 2026, up 32.3 per cent on-year, according to the National Statistics Office under the Ministry of Finance. Exports hit $499.24 billion, up 27.5 per cent, while imports totalled $511.3 billion, up 37.4 per cent. With imports outpacing exports, Vietnam posted a merchandise trade deficit of $12.07 billion, compared with a surplus of about $19.5 billion a year earlier.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIỆT NAM TO DEVELOP A NATIONAL PROGRAMME TO BOOST MARITIME INDUSTRY
Việt Nam will develop a national programme for the maritime and marine engineering industries through 2035 as part of the effort to strengthen domestic industrial capacity and build a modern, competitive and self-reliant maritime industry. Under Decision 2089/QĐ-TTg, signed by Permanent Deputy Prime Minister Phạm Gia Túc, the Government seeks to address existing difficulties and bottlenecks, mobilise resources and make more effective use of the industry's existing capabilities.
Events Sponsors
