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COUNTRY APPROVES NATIONAL ENERGY MASTER PLAN FOR 2021-30 PERIOD

By 2030, Vietnam will establish and develop several clean energy centers in the northern, central, and southern regions, and develop new energy production to meet domestic and export demands. The capacity of green hydroelectricity production is estimated at about

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VIETNAM EXPECTS TO APPLY GLOBAL MINIMUM TAX IN 2024

The Ministry of Finance has recently submitted the Government a draft resolution on the imposition of top-up corporate income tax under the Global Anti-Base Erosion (GloBE) model rules, which is expected to be adopted by the National Assembly for application from the beginning of next year.

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MOF PROPOSES IMPOSING EMISSION CHARGE ON DISCHARGING FACILITIES

All emission-discharging facilities would have to pay emission charge at the rate of VND 3 million (USD 125) per year, according to a draft decree on environmental protection charge for exhaust emissions designed by the Ministry of Finance (MOF).

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NATION DETERMINES TO STRONGLY DEVELOP DIGITAL INFRASTRUCTURE

Vietnam expects to be among top 50 countries in the Information and Communications Technology (ICT) Development Index by 2025 and top 30 in the Digital Infrastructure Development Index by 2030.

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SBV REQUIRES TO REDUCE THE LOAN INTEREST RATE FROM 1.5% - 2% PER YEAR

This is the main content prescribed in the Official Dispatch No. 6385/NHNN-CSTT to the credit institutions and branches on the implementation of proceed with solutions to reduce loan interest rates in accordance with the Government’s directives.

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FROM SEPTEMBER 01, 2023: CEASE 03 CASES OF PROHIBITION ON LENDING

This is the contents prescribed in the Circular No. 10/2023/TT-NHNN dated August 23, 2023 of the State Bank of Vietnam.

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FORMER INMATES TO BE PROVIDED WITH BANK LOANS TO RESTART THEIR LIVES

From October 10, people released from prison will be entitled to borrow up to VND 100 million from the Bank for Social Policies within five years after their release for getting back to production and trade activities.

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SUPPLEMENT REGULATIONS ON RESOURCES TO SUPPORT PLANNING ACTIVITIES

The Government issues Decree No. 58/2023/ND-CP on amending and supplementing a number of Articles of Decree No.37/2019/ND-CP on detailing a number of articles of the Planning Law. In which, supplement regulations on resources to support planning activities.

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DOES BUSINESS HOUSEHOLDS THAT PAY TAXES BY THE PRESUMPTION METHOD ISSUE INVOICES?

Business households that pay taxes by the declaration method and are required to use e-invoices. Therefore, does business households that pay taxes by the presumption method issue invoices? the following articles can help to answer this question.

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