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Official Gazette

Sunday, August 20, 2017
Tags: tax
Legal requirements for information disclosure and transparency in the equitization of SOEs Legal requirements for information disclosure and transparency in the equitization of SOEs
According to a government report, during 2011-15, 508 SOEs were equitized. The speed of equitizing big SOEs has been recognized to increase significantly over the past five years. As of October 2016, there remained 718 companies in which the State held 100% of charter capital. For the period from 2016 to 2020, the Government has identified enterprises where the State holds 100% of capital and dominant shares, including those operating in key industries, important geographical areas, and security and defense fields, applying high technologies, requiring large-scale investment and creating socio-economic impetus that lack investment from other sources.
Law on Support for Small- and Medium-sized Enterprises Law on Support for Small- and Medium-sized Enterprises
The Law on Support for Small- and Medium-sized Enterprises, which is the first of its kind in Vietnam, will enter into force on January 1 next year.
King Le Thanh Tongs view on state-people relationship King Le Thanh Tong’s view on state-people relationship
History shows that during his 38 year-tenure, Le Thanh Tong tirelessly followed his deep aspiration for a centralized bureaucratic absolute monarchy that guarantees the power and interests of the feudal class represented by the Le dynasty. Immediately after ascending the throne, Le Thanh Tong sped up the introduction of Confucianism into the country on which he developed his conception of ruling the country.
Party affirms private sector as important driving force for economic development Party affirms private sector as important driving force for economic development
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 10 affirming the development of the private economy into an important driving force of the country’s socialist-oriented market economy. Following are the principal contents of the Resolution.
Four tax laws to be amended Four tax laws to be amended
An official from the Ministry of Finance has said that his ministry was collecting opinions to revise four tax laws with the aim of facilitating the economic restructuring and formulating more reasonable incentive policies.
Excise tax exemption proposed for locally made automobile parts Excise tax exemption proposed for locally made automobile parts
The Ministry of Industry and Trade has proposed non-imposition of excise tax on locally made auto parts in order to bring the prices of cars, especially assembled ones, more accessible to customers.
Ha Tinh - an emerging FDI spot in central Vietnam Ha Tinh - an emerging FDI spot in central Vietnam
Ha Tinh province serves as a bridge linking the north and south of Vietnam with convenient road and railway routes. Its 56,000-hectare Cau Treo border gate is among the nation’s nine major border-gate economic zones entitled to government budget allocations during 2016-20.
Party resolves to refine market economy institutions Party resolves to refine market economy institutions
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 11 of its fifth plenary meeting on completing the institutions of the socialist-oriented market economy, setting objectives for 2030 as well as solutions to achieving these objectives. Following are the principal contents of the Resolution.
Official Gazette issues Nos 11-12 March 2017 published on June 16 2017 Official Gazette issues Nos 11-12 March 2017, published on June 16, 2017
Decree set to tackle transfer pricing Decree set to tackle transfer pricing
Coming into force in May 2017, Decree No. 20/2017/ND-CP on tax administration of enterprises having transactions with related parties has laid a legal foundation to better control transfer pricing and prevent losses of state budget revenues.

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