Ministry of Finance

Pilot Casino for Vietnamese people loses more than 4,200 billion VND, domestic visitors decrease sharply

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Revenue of 9 casino reached nearly VND23,000 billion but the pilot project is suffering a large loss.

The Ministry of Finance proposes to reduce up to 70% of the fee for converting agricultural land to residential land

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According to the proposal, land within the limit when converting from agricultural land to residential land must only pay the difference of 30%, instead of 100% as at present.

The Ministry of Finance stated the reasons for proposing regulations on calculating new land use fees

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The Ministry of Finance has just proposed new regulations on land use fees and land rents to remove difficulties in implementing the Land Law.

The Government maintains the proposal to apply the highest personal income tax at 35%

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The Government proposes to reduce the personal income tax rate with level 2 to 10% and level 3 to 20%, while keeping the tax rate of level 5 at 35%.

Proposal to choose May 31 every year as the day for all people to save against waste

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Minister of Finance Nguyen Van Thang said that he will supplement and revise regulations on the rights and responsibilities of those fighting against waste.

No new licensing will be granted for any e-cigarette or heated tobacco production project

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The Minister of Finance affirmed that he will not issue new licenses to any e-cigarette or heated tobacco production project.

The Ministry of Finance amends the tax calculation method, business households can be taxed according to profits

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The Ministry of Finance proposes to apply profit-on-unds to business households to overcome the shortcomings of the current method of tax collection according to revenue.

Expected to reduce tax rates in tax declarations, change methods of calculating business household tax

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The Ministry of Finance plans to continue adjusting the progressive tax table in the direction of reducing tax rates at tax levels, while changing the method of calculating business household tax.

Commune-level statistics facilities manage 5-6 communes, there will be no more data fraud

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In the locality, there will be statistical agencies at the provincial and grassroots levels; the situation of data fraud will be reduced significantly or no longer there in the coming time.

The taxable revenue threshold for business households will be recalculated

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The Minister of Finance said that the taxable revenue threshold will be recalculated so that business households do not feel disadvantaged compared to those working for a salary.

Minister of Finance: Many projects have money but cannot be disbursed

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Explaining to the National Assembly, the Minister of Finance admitted that investment procedures are still cumbersome, many projects have money but cannot be disbursed.

Delegates mentioning the list of price stabilization items

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National Assembly delegate Pham Van Hoa asked whether gold can be included in the list of price stabilization products or not?

Continue to review and minimize the list of conditional business lines

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According to the Minister of Finance, the draft Law on Investment (amended) has cut about 25 conditional investment and business sectors, however, this result is not enough.

Carefully review regulations on the establishment of economic institutions of foreign investors

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It is recommended to carefully review the regulations allowing foreign investors to establish economic organizations without requiring an investment project before establishment.

Mobilizing 1 million billion VND from bonds in 2025 for the economy

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The Deputy Minister of Finance said that bonds in 2025 will be mobilized at about 1 million billion VND for both corporate bonds and government bonds.