Facebook, Google... paid more than 7,000 billion VND in taxes

52 foreign suppliers paid 7,250 billion VND in taxes

The General Department of Taxation said that to date, 52 foreign suppliers (including Facebook, Google, Microsoft, TikTok, Netflix, Apple) have registered, declared and paid taxes via the General Department of Taxation's Electronic Information Portal. Foreign suppliers have paid about VND7,250 billion to the budget. Of which, last year, foreign suppliers paid VND3,478 billion; this year it is VND3,772 billion.

Previously, according to data from the General Department of Taxation, the total state budget revenue in April 2023 managed by tax authorities was estimated at VND 136,191 billion, reaching 9.9% of the ordinance estimate, equal to 82.3% over the same period. In the first 4 months of 2023, the total state budget revenue managed by tax authorities was estimated at VND 578,035 billion, equal to 42.1% of the ordinance estimate, equal to 100.7% over the same period in 2022.

52 foreign suppliers paid 7,250 billion VND in taxes (Photo: Hoang Ha)

Ministry of Finance rectifies valuation activities

The Ministry of Finance (Price Management Department) has just issued Document No. 5029/BTC-QLG requesting valuation enterprises and valuers to strictly comply with legal regulations on valuation.

Accordingly, the Ministry of Finance requires valuation enterprises and practicing valuation practitioners to strictly comply with the provisions of law on valuation, the Vietnamese Valuation Standards System and other relevant legal documents in the process of providing valuation services.

Banks operate efficiently, reduce costs thanks to data connection and digital transformation

At the Banking Industry Digital Transformation Day 2023 event held on the morning of May 18, Governor of the State Bank of Vietnam Nguyen Thi Hong said that credit institutions have continuously researched and widely applied advanced digital technologies such as big data, data analysis, artificial intelligence/machine learning....

Many banks have more than 90% of customer transactions conducted on digital channels. About 74.63% of adults have bank accounts. 3.71 million Mobile Money accounts have been opened, of which more than 70% are in rural, remote and isolated areas...

Bank deposits growth cannot keep up with lending

The State Bank said that despite efforts to reduce lending rates, lending rates are still high. The reason is that the banking system is the main source of capital for the economy. Moreover, banks are also facing domestic and foreign pressure.

Capital mobilization as of April 27 increased by 1.78%, only equal to nearly 50% of the credit growth rate of 3.04%. At the same time, pressure to increase interest rates always exists because Vietnam has a large economic openness, fluctuations in the world financial and monetary markets have a rapid and strong impact on domestic interest rates and exchange rates.

New resolution on tourism development

In Resolution 82/ND-CP on key tasks and solutions to accelerate recovery and accelerate effective and sustainable tourism development, signed and issued on May 18, the Government said that although fully reopening from March 15, 2022, Vietnam's tourism still has many limitations and shortcomings that need to be overcome.

One of the key contents in Resolution 82 to accelerate recovery and tourism development is to restructure the market, focusing on markets with high spending capacity.

Prime Minister approves power planning 8

The Prime Minister has just signed Decision No. 500/QD-TTg dated May 15, 2023 approving the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (Power Plan VIII).

The VIII Power Plan aims to strongly develop renewable energy sources for power production. By 2050, the renewable energy ratio is expected to reach 67.5-71.5%. Greenhouse gas emissions from power production will be controlled to reach about 204-254 million tons in 2030 and about 27-31 million tons in 2050.

Ministry of Industry and Trade supports 50% reduction in car registration fees

The Ministry of Industry and Trade supports the 50% reduction in registration fees for domestically produced cars and the extension of special consumption tax payment. That was affirmed by Deputy Minister Do Thang Hai at the regular press conference of the Ministry of Industry and Trade on the afternoon of May 18 in Hanoi.

Deputy Minister Do Thang Hai said that through monitoring, in the current context, manufacturing enterprises in this field are facing many difficulties, some enterprises are even standing on the brink of survival.

Steel prices decrease for the 6th consecutive time Domestic construction steel prices have been adjusted down for the 6th consecutive time, to below 15 million VND/ton. Some brands have reduced up to 720 thousand VND/ton of steel.

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