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Update news ministry of finance
Vietnam’s Ministry of Finance urges a review of disqualified contractors after inconsistencies emerge in evaluation reports.
The Finance Minister was well-prepared and addressed questions directly, while the Minister of Education and Training provided generally comprehensive answers, acknowledged existing limitations, and committed to solutions moving forward.
The draft amended State Budget Law introduces new methods for allocating budget revenue sources, including corporate income tax, personal income tax, luxury tax, and environmental protection tax.
The Ministry of Finance proposes major tax reductions on goods like cars and agricultural products to enhance trade relations with the US.
The Ministry of Finance drafts a resolution to pilot digital asset issuance and trading, aiming to balance innovation with risk management.
The Ministry of Finance is finalizing a pilot resolution to govern virtual and crypto assets in Vietnam, expected by mid-March.
As part of a broad efficiency drive, the Ministry of Finance is downsizing its workforce over the next two years.
In an unprecedented move, Vietnam has transferred 18 state-owned enterprises, including PetroVietnam and EVN, to the Ministry of Finance, reshaping state asset management.