Ministry of Finance's headquarters. The ministry has topped Vietnam ICT Index for six consecutive years. (Photo: VNA) Hanoi (VNA) – The Ministry of Finance has topped 19 governmental agencies with public services in the Vietnam ICT Index for six years in a row after earning 0.926 points this year. The ministry ranks first in ICT human infrastructure (1.000 points), ICT applications (0.900), and internal ICT applications (1.000 points). It is followed by the Vietnam Social Security, the State Bank of Vietnam and the Ministry of Information and Communications. The last three positions are taken by the Ministry of Transport, the Ministry of Environment and Natural Resources and the Government Inspectorate. Over recent years, the Ministry of Finance has taken many steps to apply information technology across its divisions in an effort to catch up with Industry 4.0. It has deployed Big Data Analytics and started to use social media and mobile technology to delivery public … [Read more...] about Ministry of Finance tops Vietnam ICT Index for six consecutive years
Ministry of finance
Ministry of Finance proposes to cut 51.4pc of business conditions
A customs staff is at work. The Ministry of Finance has proposed to amend and supplement 16 decrees in many fields including customs.-VNA Photo The ministry also proposed to amend and supplement 16 decrees in many fields including insurance, securities, price appraisal, customs, accounting, auditing, lottery, electronic games for foreigners, casino, betting business, credit rating services and voluntary retirement fund management services. For the insurance businesses, the Ministry of Finance proposed to abolish the conditions that insurance enterprises, foreign branches or insurance brokerage enterprises must meet upon establishment. For Vietnamese organisations to set up insurance limited liability companies, the draft decree eliminated the condition that investors must operate in the fields of finance, banking and insurance to attract more investors to invest in the insurance market. In the field of securities, the ministry reduced the conditions on minimum charter capital for … [Read more...] about Ministry of Finance proposes to cut 51.4pc of business conditions
Ministry of Finance proposes to cut 51.4% of business conditions
A customs staff is at work. The Ministry of Finance has proposed to amend and supplement 16 decrees in many fields including customs. — VNA PhotoViet Nam News HÀ NỘI — The Ministry of Finance proposed to cut 51.4 per cent of the total number of business investment conditions under the ministry’s management. The ministry also proposed to amend and supplement 16 decrees in many fields including insurance, securities, price appraisal, customs, accounting, auditing, lottery, electronic games for foreigners, casino, betting business, credit rating services and voluntary retirement fund management services. For the insurance businesses, the Ministry of Finance proposed to abolish the conditions that insurance enterprises, foreign branches or insurance brokerage enterprises must meet upon establishment. For Vietnamese organisations to set up insurance limited liability companies, the draft decree eliminated the condition that investors must operate in the … [Read more...] about Ministry of Finance proposes to cut 51.4% of business conditions
Ministry of Finance takes lead in e-Government development in Vietnam in 2017
The Hanoitimes - The Ministry of Finance led the way in e-Government development in 2017, with more than 20 million requested records under online processing. According to the report on the evaluation and ranking of Vietnam's e-Government development in 2017 announced in the national conference on e-Government 2018 in Hanoi on July 5, the Ministry of Finance, the Ministry of Science and Technology topped the list. Overview of the national conference on e-Government 2018 The report featured evaluations and rankings for three categories, including ministries and ministerial-level agencies, governmental agencies and centrally-run cities and provinces. In the category of ministries and ministerial-level agencies, the Ministry of Finance led with 0.71 points, followed by the Ministry of Science and Technology (0.692 points) and the Ministry of Justice (0.678 points). Speaking at an event organized by the association and International Data Group, Deputy Minister of … [Read more...] about Ministry of Finance takes lead in e-Government development in Vietnam in 2017
Ministry of Finance proposes new housing tax
A view of high-rise buildings around Ngoc Khanh area in Hanoi (Illustrative image. Source: VNA) Hanoi (VNA) - The Ministry of Finance has proposed a tax on houses depending on their construction value as part of a draft law on property tax. Under the proposed law, there are two options: imposing tax on houses with construction value of either more than 700 million VND (30,800 USD) or 1 billion VND (44,000). The proposed tax rate is 0.3 or 0.4 percent annually, with only the surplus construction value above the proposed threshold to be taxed. For example, if the threshold is set at 700 million VND, the owner of a 1.7 billion VND (74,800 USD) house would have to pay tax on 1 billion VND, equivalent to 3-4 million VND (132-176 USD) per year. The construction value of a house is determined by factors including its type, scale and how many years it has been in use since construction. If the tax on houses worth more than 700 million VND is applied, the finance ministry will be able to … [Read more...] about Ministry of Finance proposes new housing tax