Tax authorities warn of risks from the situation of two books
At the Workshop "Tax management according to cash flow: Safe business, transparent tax" organized by the Tax Department in coordination with relevant units on May 20, 2026, representatives of the Tax Department said that the situation of creating "two books" to hide revenue and evade taxes has existed for many years. According to tax authorities, the act of intentionally creating two systems of books, signing "two-price" contracts or declaring lower than reality all pose great legal risks for both sellers and buyers.
Representatives of the Tax Department emphasized the need to distinguish between common declaration errors and intentional tax evasion. Cases of intentionally preparing separate books to monitor actual revenue or signing real estate contracts recording low prices to reduce taxes may be considered for responsibility related to tax evasion.
Meanwhile, Ms. Nguyen Thi Cuc - Chairwoman of the Vietnam Tax Consultants Association said that it is necessary to create trust for business households to be transparent about cash flow and declare revenue correctly. According to her, the use of internal management accounting is legal, but creating two different financial reporting systems to evade taxes is a prohibited act under the Accounting Law. See more...
Vietnam's livestock industry expands cooperation opportunities
Building materials increase in price, causing difficulties for people and businesses
The prices of many types of building materials in Ha Tinh are increasing, causing difficulties for people and businesses when building houses and works. According to construction enterprises, the prices of bricks, sand, and stones increased sharply from 30 - 35% after the gasoline and oil price increase and are still high even though fuel prices have decreased.
Representatives of businesses said that the current price of bricks is about 2,550 - 2,600 VND/piece, construction sand is about 400,000 VND/m3, crushed stone is about 370,000 VND/m3. Meanwhile, materials such as iron and steel, cement only increased slightly by about 5%. Many businesses proposed that functional agencies strengthen inspection and control to avoid speculation and unreasonable price increases.
Ha Tinh Department of Construction confirmed the situation of building materials increasing in price but slowing down according to gasoline and oil prices, causing market frustration. In the coming time, functional sectors will strengthen market forecasting, inspect price listing and strictly handle acts of hoarding goods and unreasonable price increases. See more...
Gold and silver prices fall sharply, stores are sparse, customers mainly look to buy
Domestic gold prices on May 20 continued to fall deeply, many gold and silver stores in Hanoi fell into a situation of fewer customers than in previous periods. Compared to the same period last month, gold prices decreased by about 8.8 million VND/tael in both buying and selling directions.
At stores on Tran Nhan Tong street, the number of customers transacting is no longer too crowded, mainly concentrated in the buying direction. Stores currently sell gold according to actual demand and return goods directly after transactions, no longer the situation of long queues as before.
While gold trading is quite quiet, the silver trading area is more active. Many customers choose to buy silver for short-term investment, taking advantage of buying when prices fall and waiting for opportunities to sell to take profits. See more...
