Plans on cutting other tariffs should also be taken into consideration, the official told a meeting of the council.

Deputy PM Le Minh Khai speaks at the session.

Reviewing the country’s economic development in the first half of this year, the Deputy PM noted that the national economy would recover faster in the remaining months.

However, risks and challenges still remain, given soaring gasoline and material prices and inflation pressure, he warned.

Khai, therefore, stressed the need to maintain macro-economic stability, control inflation, ensure major economic balances, and accelerate the disbursement of public investments and the implementation of the socio-economic recovery and development programme, while managing financial and monetary policies.

He asked ministries and agencies to keep a close watch on domestic, regional and international situation, particularly inflation and the prices of important materials, and the adjustment of the State’s policies to update and perfect management plans and scenarios.

The State Bank of Vietnam (SBV) should flexibly roll out monetary tools and policies in combination with suitable fiscal policies and other macro ones to tame inflation.

The finance ministry and the central bank were asked to continue with solutions to stabilise and develop the stock market, corporate bonds and the monetary market in a healthy, effective and safety manner.

The Deputy PM also assigned the Ministry of Industry and Trade to coordinate with other agencies and localities to keep an eye on market developments, espeicially oil and gas, and production materials, ensure the supply-demand balance, and regulate gasoline prices.

6 out of 16 tax revenues in Bac Giang surpass from 5 to 37 percent against the same period

(BGO)- According to the Taxation Department of Bac Giang province, the total domestic tax revenue in Bac Giang province in the first 5 months this year is estimated at 6.619 trillion VND (285 million USD), up 6 percent against the same period last year and equal to 53 percent of the yearly tax estimate.

Vietnam approves tax system reform strategy until 2030

Deputy Prime Minister Le Minh Khai has signed a decision on approving the tax system reform strategy until 2030 with the goal of streamlining tax management and expanding the tax base.

Q1 personal income tax collection up 20 percent

First quarter personal income tax collection grew 20 percent year-on-year to VND50.7 trillion ($2.22 billion), achieving 43 percent of the year’s target, the General Department of Taxation says.

Environment tax reduction on fuels to come into life from April 1

Environmental protection tax rates on fuels will be reduced from April 1 under the National Assembly (NA) Standing Committee’s resolution recently signed off by NA Chairman Vuong Dinh Hue.

Bac Giang to apply e-invoice for tax payers since April 1

(BGO) - Under the direction of the Government and Ministry of Finance on applying electronic invoice (e-invoice) for enterprises, economic organizations, household businesses and individuals in 57centrally-run provinces and cities from April this year, the taxation department of Bac Giang province is paying attention to implementation of this task.

Source: NDO/VNA