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Ministry proposes tax hike on petroleum

Ministry proposes tax hike on petroleum

The Ministry of Finance has proposed, in a draft law, to almost triple the environmental protection tax on oil and gas consumption from the current VNĐ3,000 (US$0.13) to VNĐ8,000 per litre.

The Ministry of Finance (MoF) on Friday delivered documents to the Ministry of Industry and Trade (MoIT) regarding the management of 877 formula milk products for children less than six years old. The Domestic Market Department under the MoIT

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Multi-level marketing companies face ministry's wrath

The Ministry of Industry and Trade has announced a number of wrongdoings at two multi-level marketing companies, Amway Vietnam and Thien Ngoc Minh Uy.

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SBV aims to hold inflation under 4% in 2017

The State Bank of Vietnam (SBV) will control inflation under 4 per cent and stabilise the macro economy to reach a GDP growth of 6.7 per cent, as well as ensure a safe operation for the banking system, a

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3mn tons of rice to go to the Philippines

Vietnam will export a maximum of 3 million tons of rice to the Philippines under a bilateral commercial agreement extended until the end of 2018.

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Auto industry receives huge FDI investments

Vietnam’s auto industry saw its highest level of foreign direct investment thanks to loosened tax policies and rising personal incomes.

 >>  Auto sales reach 20-year high
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Habeco to debut on HOSE in Jan

Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) will start trading with code BHN on the HCM Stock Exchange (HOSE) on January 19, the southern bourse announced.

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 Online firm registration to boom in 2017

The rate of enterprises registering online is expected to reach 30 percent this year, said Tran Thi Hong Minh, head of the Business Registration Management Agency under the Ministry of Planning and Investment.

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State-owned groups and enterprises have brought back VNĐ6.84 trillion (US$301 million) to the State coffer during their divestment process in 2016, according to the Finance Ministry.

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Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

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Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

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The Ministry of Finance has refused a local company’s proposal to provide tax incentives on the import of 20,000 electric taxis from French car-maker Renault.

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Vietnam's public debt may quickly exceed the ceiling set at 65% of GDP, which will result in the national economy's budget risks, warned a World Bank economist.

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The Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository (VSD) plan to run the first-ever derivatives market by the end of this year, said HNX on March 16.

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