Authorized by the prime minister, Minister of Finance Dinh Tien Dung on June 11 submitted a draft resolution to the National Assembly (NA) to offer a 30% corporate income tax cut for small businesses and cooperatives in 2020.

With the new threshold in place, set to take effect from January 1, 2020 retrospectively, there would be more than 1 million people whose incomes are not taxable.

Vietnam jumped 23 places from last year to reach 58.8 points, ranking 105th place in the economic freedom index this year.

The National Assembly debate on the draft amendment to the anti-corruption law on Thursday was thrown into confusion as the deputies failed to agree on how to handle the suspicious unreported wealth of a public servant.

 Circular 83/2016/TT-BTC governs in detail several cases subject to incentives as follows:•    New investment projects in economic zones and hi-tech zones ...

VietNamNet Bridge – The Ministry of Finance is drafting a proposal on corporate income tax applicable for small and medium-sized enterprises (SMEs) in the next five years. 

 VietNamNet Bridge – Vietnam’s husbandry sector has begun to feel the heat from the ASEAN Economic Community establishment, expected to prompt a rise in foreign foodstuff imports and livestock investment.

 VietNamNet Bridge – The formation of the ASEAN Economic Community (AEC) on the last day of 2015, which saw a series of tariff and non-tariff barriers removed from doing business within the communit, has opened up a wider market

 VietNamNet Bridge – Aside from Hanoi, HCMC and Danang, other localities governed by the central Government will develop hi-tech parks in the coming years in line with a decision signed by the Prime Minister on June 8.

 VietNamNet Bridge – Nearly 90% of titanium processing factories across the country have suspended operations due to falling titanium prices and high inventories, according to the Vietnam Titanium Association.

 VietNamNet Bridge – The HCMC Department of Tax will open investigations into incomes of 20 celebrities in the entertainment sector in order to collect personal income tax for last year.

 VietNamNet Bridge – Overseas remittances are now free from income tax, the State Bank of Viet Nam has confirmed on its website, following government directions to facilitate overseas Vietnamese sending money home.

 VietNamNet Bridge – The latest White Book on Viet Nam's Information and Communications Technology (ICT) outlook shows that it has become brighter on the global ICT map, despite the domestic economic downturn.

VietNamNet Bridge – Nine laws will come into force on July 1 after being passed by the National Assembly, aiming to streamline Vietnam's policies and offer support to those who need it most in the wake of ongoing economic difficulties.

VietNamNet Bridge – Fisheries officials, economists and fishermen want an exemption from corporate income tax for offshore fishing businesses instead of a 10 per cent tax being imposed.