A draft resolution on solutions to unblocking difficulties for businesses has suggested writing off and rescheduling nearly 15 trillion VND (675 million USD) of delinquent tax owed by enterprises.
The draft resolution suggests writing off and rescheduling nearly 15 trillion VND (675 million USD) of delinquent tax owed by enterprises (Photo: VNA)
Hanoi (VNA)ꦺ – A draft National Assembly resolution on solutions to unblocking difficulties for businesses penned by the Ministry of Finance has suggested writing off and rescheduling nearly 15 trillion VND (675 million USD) of delinquent tax owed by enterprises.
The suggestion was wholeheartedly supported by economists who said the move will help businesses surmount current difficulties.
Deputy Head of the National Assembly Committee for Financial and Budgetary Affairs Dinh Van Nha said it is necessary to erase delinquent tax for businesses which have been trapped in difficulties.
He said the Finance Ministry submitted to the National Assembly the idea of writing off debts for a number of enterprises in 2014 and 2015, which has yet been approved due to unclear criterion related. He also noted that the finance sector will be responsible for ensuring the debt clearance and tax rescheduling will be carried out fairly.
The Finance Ministry suggested erasing delinquent tax worth 542.5 billion VND as by the end of 2015 for enterprises which have yet had their basis construction investment paid by the State.
It proposed a write-off of over 7.42 trillion VND in tax for enterprises and household-based and individual-run businesses which were dissolved or went bankrupt before January 1, 2014.
The ministry also proposed rescheduling a delinquent tax amount of 6.73 trillion VND for tax payers who went bankrupt, faced dissolution, or abandoned their operation in 2014-2015.
It reported that there were around 500,000 businesses operating in recently, with 10 percent of them, which were dissolved, unable to meet payment, and faced bankruptcy not filing for bankruptcy.-VNA
Significant increases in the number of new businesses and investments this year indicate improvements in confidence, driven by the Government’s efforts to improve the business climate.
A total of 918 new businesses have been set up in the southern province of Long An in the first six months of this year, with combined registered capital reaching 6.7 trillion VND (301.5 million USD).
The number of businesses resuming operations in the first half of 2016 saw a record high in many years, as it jumped 75.2 percent from a year earlier to 14,902, said the General Statistics Office.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The draft resolution suggests writing off and rescheduling nearly 15 trillion VND (675 million USD) of delinquent tax owed by enterprises (Photo: VNA)
