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At the event (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development. Chairing the Government’s monthly teleconference with localities, PM Chinh said since the beginning of this year, the Government has followed the Party Central Committee’s conclusions, the National Assembly and Government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the … [Read more...] about PM chairs monthly teleconference with localities

Chairing the government’s monthly teleconference with localities, PM Pham Minh Chinh said since the beginning of this year, the government has followed the Party Central Committee’s conclusions, the National Assembly and government’s resolutions and Party General Secretary Nguyen Phu Trong’s directions on 2023 socio-economic development. Ministries, agencies and localities have also drastically performed their assigned tasks. In January, macro-economic situation was basically stable. The consumer price index rose by 0.52% month-on-month and 4.89% year-on-year. As of January 17, credit growth hit 0.65% compared to the end of last year, meeting public demand before and during the lunar New Year (Tet). The State budget collection reached 11.3% of the estimate for the year, while newly-registered FDI tripled the figure in the corresponding period last year to 1.2 billion USD. The trade surplus was estimated at 3.6 billion USD. National defense - security was guaranteed while external … [Read more...] about Prime Minister chairs monthly teleconference with localities

In January, an estimated 27 trillion VND from the State budget was disbursed, including 4.2 trillion VND managed by the State, or 3.1% of the annual plan and up 15.7% compared to the same period last year. The remainder was managed by local authorities, equivalent to 4.2% of the annual plan and marking a rise of 1.2% over the corresponding period of 2022. The total capital investment plan for 2022 from the state budget approved by the National Assembly was over 580 trillion VND, including more than 276 trillion VND from the State and the remaining from localities. By December 31 last year, the disbursement of the investment plan from the state budget was estimated at over 435.6 trillion VND, or 75.11% of the plan assigned by the Prime Minister, lower than the 77.3% recorded in the same period of 2021, yet the absolute figure of the disbursement in 2022 was more than 79 trillion VND higher than the same period of 2021, according to the Finance Ministry. Of the figure, over 424 … [Read more...] about Hanoi, Ho Chi Minh City record highest disbursement of public investment capital in January

Vietnam collects $78 million in tax from cross-border platforms in 2022 According to the department, in March 2022, it launched the information portal for foreign service providers. As of the end of October last year, over 40 foreign service providers had registered and declared tax on the information portal for foreign service providers. Meta, Google, Microsoft, TikTok, Netflix, and Apple, which account for 90 per cent of revenue from e-commerce services on cross-border digital platforms , have declared and paid taxes in Vietnam, totalling tens of millions of dollars. For example, Google paid $28.8 million, Meta (Facebook) $34.5 million, and Apple with $7.56 million. These cross-border platforms, which account for 90 per cent of revenue from e-commerce services on cross-border digital platforms, have declared and paid tax in Vietnam, totalling tens of millions of dollars. Tax revenue collected from cross-border platforms has increased thanks to the launch of the electronic … [Read more...] about Vietnam collects $78 million in tax from foreign tech giants in 2022