Many deputies of the lawmaking National Assembly of Vietnam have told local media that they disapprove of a government plan to write off debts incurred by inefficient state-owned enterprises (SOEs). Phap Luat TPHCM (Ho Chi Minh City Law) newspaper, Minister of Finance Dinh Tien Dung, authorized by the prime minister, on Tuesday last week presented a report on the bill amending and supplementing some articles of many tax laws. In particular, the report also mentioned the tax relief of VND1.3 trillion (US$58.5 million) for SOEs that will be subject to privatization, Phap Luat TPHCM reported. Previously, huge losses by big SOEs, like Vinashin and Vinalines, have been covered by the state budget, which means that tens of thousands of billions of taxpayers’ money have been wasted, said Vo Thi Dung, a legislator from Ho Chi Minh City. “Now we come up with a plan to write off those debts without sorting somebody out to take responsibility for the liability,” Dung said. The government said without removing the tax liabilities, it will be hard for them to go through the privatization process, according to the legislator. The lawmaker told Tuoi Tre (Youth) newspaper that the reasoning is unacceptable for Vietnamese voters…
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