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Vietnam's finance ministry tables conflicting proposals for personal income tax shake up

One proposal would add $22.5 million to the state coffers, while the other would cause a loss of $58.5 million.

US Congress approves short-term budget to avoid shutdown

The temporary funding extension will keep the federal government running for four more weeks.

Vietnam’s government debt jumps 80 pct in four years

Over 42 percent of the $93.4 billion debt was owed to foreign lenders in 2015.
September 22, 2017 | 10:23 am GMT+7

Gov't agrees to give HCMC more autonomy

The city will have authority over 'certain matters' which are currently controlled by ministries and other central government units.
September 07, 2017 | 11:49 am GMT+7

The latest tax hikes Vietnam is trying to cash in on

Rising public debt has forced the government to squeeze more out of revenue streams. 
August 17, 2017 | 09:38 pm GMT+7

Vietnam’s leaders say no rescue for state-run factories with massive losses

The Communist Party’s decision-making body has ordered the trade ministry to quickly end business ventures that are in the red.
June 21, 2017 | 01:56 pm GMT+7

Vietnam's public hospitals waste $16 mln on unused, broken equipment - audit

Many devices were damaged before or soon after being put into use.
May 24, 2017 | 03:04 pm GMT+7

State oil group PetroVietnam poised to beat 2016 output target

It is expected to contribute a fifth of the state’s revenue this year.
October 12, 2016 | 04:31 pm GMT+7

Public associations and unions cost Vietnam $630 million in 2016

These organizations, run on state funding as administrative bodies, inefficient and difficult for the government to control.
September 09, 2016 | 04:30 pm GMT+7

Vietnam looks at giving SMEs a tax break

The only problem is that conflicting ideas of what constitutes an SME may lead to confusion.
August 05, 2016 | 02:28 pm GMT+7

Vietnam to use public investment to reach ambitious growth target

With money sitting there waiting to be spent, the PM is saying spend it.
July 25, 2016 | 05:29 pm GMT+7

Disbursement for public investment too slow: Vietnam government

Deputy Prime Minister Vuong Dinh Hue has urged government agencies to speed up the disbursement of state budget for public investment projects, Vietnamese government portal ...
June 22, 2016 | 07:50 pm GMT+7

Vietnamese shipping firm Vinalines sells boats to stay afloat

Vinalines, Vietnam’s largest state-owned shipping firm and port operator, has been forced to put six ships up for sale as the global shipping crisis takes its toll, the shipping ...
June 10, 2016 | 03:57 pm GMT+7

Vietnam rakes in nearly $200 million from state firm sell-offs

Vietnam divested VND2.1 trillion from state-owned enterprises during the first five months of the year, the Finance Ministry said on Monday, adding approximately VND4.2 trillion ...
June 07, 2016 | 01:57 pm GMT+7

Tax avoidance leaves $3.4 bln hole in national budget

Vietnam failed to collect VND76 trillion ($3.4 billion) in taxes during the first four months of this year, of which Hanoi’s bill added up to more than 30 percent of the figure, ...
May 27, 2016 | 03:18 pm GMT+7