More than 4,500 tax officials resign after restructuring the apparatus
From March 1, 2025, the General Department of Taxation (Ministry of Finance) officially converted the organizational model into the Tax Department, operating according to a three-level model including: central agency with 12 departments and offices; 20 regional tax branches; and 350 district-level tax teams. This model aims to streamline the apparatus, increase management efficiency, in line with the orientation of reorganizing provincial-level administrative units and the two-level local government model.
However, the merger process has caused many problems in practical implementation. The report of the Ministry of Finance said that immediately after the restructuring of the apparatus, about 4,500 civil servants in the tax sector submitted applications for retirement under the staff streamlining program as prescribed in Decree No. 178/2024/ND-CP (amended and supplemented by Decree 67/2025/ND-CP). This figure is equivalent to more than 10% of the total number of civil servants in the entire tax sector, of which the tax department alone has been assigned more than 37,000 positions.
Notably, the highest rate of civil servants quitting their jobs is concentrated in mountainous provinces such as Cao Bang, Bac Kan, Yen Bai, Lao Cai, Son La, Lai Chau, Dien Bien, at over 30%. See more...
Bottlenecks in controlling counterfeit goods at e-commerce hotspots
374 households and business locations in Thanh Hoa City are proposed to revoke their licenses
Conducting a review of the registration and business activities in the area, the Thanh Hoa City Tax Team, Thanh Hoa Province has just proposed that the City's Finance - Planning Department revoke the business registration certificates for 374 cases.
These are households and branches that have registered but have not yet established actual activities.
According to the coordination regulations between departments, the Thanh Hoa City Tax Team has received a list of households licensed to do business from the Finance - Planning Department.
After that, this list was transferred to the tax groups in charge of the area for inspection, putting the households under tax management. However, through on-site inspection, hundreds of households are no longer operating as registered, or are completely no longer operating. See more...
Strong cash flow in the stock market
The Vietnamese stock market continues to maintain its upward momentum due to the consensus of many groups of stocks, especially pillar stocks. The stock market sentiment has improved since the beginning of the trading session on June 24, helping cash flow flow flow flow flow strongly and spread.
At the end of the trading session on June 24, the VN-Index increased by 8.59 points to 1,366.77 points, the highest since the beginning of the year. The matched value on HoSE reached about VND 22,191 billion, up 22% over the previous session. The total trading volume reached more than 971.2 million units, worth VND 25,606 billion.
In that context, foreign investors have returned to net buying nearly 130 billion VND in the whole market. In the context of concerns about the new US tariff scenario, foreign investors are still showing more cautious moves towards the Vietnamese market. See more...
