Industry and Trade News May 13: Proposal to reduce 2% VAT on gasoline

On May 13, the press reported a lot of information related to the Industry and Trade sector. The Industry and Trade Newspaper would like to review some notable information.

Energy sector

Construction Newspaper today, May 13, published the information: " Proposal to reduce 2% value added tax on gasoline".

The National Assembly 's draft resolution on value-added tax reduction expands the beneficiaries of the 2% value-added tax reduction policy, including gasoline, coke, washing machines, and microwave ovens.

According to Minister of Finance Nguyen Van Thang, although gasoline is subject to special consumption tax and oil is a refined petroleum product, these are important commodities for many manufacturing and business sectors, as well as people's lives. The increase or decrease in gasoline and oil prices in general will directly affect domestic production, consumption and macroeconomic stability.

Minister of Finance Nguyen Van Thang presented the Draft Resolution of the National Assembly on reducing value added tax. Photo: National Assembly Media

Import and export sector

VOV.VN newspaper has an article: " Lang Son reduces time and cost of customs clearance of goods through border gates".

To reduce time and costs in the process of import and export procedures, the authorities at the border gate have implemented professional measures to ensure that goods are cleared quickly and conveniently.

Ms. Tran Kim Oanh, representative of an import-export unit, said that customs clearance through the "digital border gate" has helped make procedures faster and more convenient. " When paying taxes, businesses are thoroughly informed by customs forces. For example, previously, businesses had to pay taxes directly. After the 24/7 tax collection system was in place, customs authorities also sent officers to proactively guide businesses to make tax payment faster and more convenient. Businesses can pay taxes anytime, anywhere, just need a computer and internet connection," said Ms. Oanh.

Field of international economic integration

Urban People magazine has an article: "German businesses maintain optimism and long-term commitment to the Vietnamese market".

Despite the growing challenges, both domestically and internationally, the German Business Association in Vietnam (GBA) remains confident in Vietnam’s role as a potential and resilient investment destination. GBA continues to demonstrate its strong engagement, strategic adaptability and long-term commitment to Vietnam’s dynamic economy.

Industry and Trade Newspaper

Source: https://congthuong.vn/tin-cong-thuong-135-de-xuat-giam-2-thue-vat-voi-xang-387376.html