Prime Minister Pham Minh Chinh has just signed a document requesting more efforts to promote the development of and remove obstacles to the real estate market.

The Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production and consumption.

In order to perpetuate the country’s positive results recorded in 2022 amid multiple headwinds facing the global economy, the Government recently issued Resolution 01/NQ-CP, specifying major tasks and providing important solutions to implement the 2023 socio-economic development plan and improve the domestic business environment and national competitiveness.

The Ministry of Finance is tightening tax management in the retail industry as it takes steps to force retail establishments in some sectors to generate e-invoices from cash registers.

The pressure from inflation due to fluctuation of currencies, exchange rates, fuel prices and raw materials was likely to reach its peak in 2022 and is predicted to decrease in 2023, said Dr. Nguyen Duc Do, Vice Director of the Institute of Economics-Finance under the Academy of Finance.

The Ministry of Finance (MOF) has recently submitted to the Government a draft decree to amend Decree 65 on private placement of corporate bonds in the domestic market and bond offering in the international market.

The logistics service sector will be developed into a high value-added service sector, which is associated with the country’s development of goods production, import, export and trading activities, as well as information technology and transport infrastructure development.

From 2023 to 2025, the Government will divest capital from 141 state-owned enterprises (SOEs) and equitize 19 others, while keeping state capital portions unchanged at 126 SOEs.

The Ministry of Finance is coordinating with ministries and agencies to assess the market situation to consider and submit to the Government amendments and supplements of a number of articles of the decree on offering and trading private placement corporate bonds in the domestic and foreign markets.

GDP growth faster than expected, border reopening, and fuel shortages in many localities are among the top 10 events that shaped Vietnam in 2022, as selected by Vietnam News Agency.