E-invoices bring many long-run benefits

E-invoices bring many long-run benefits

From November, Ho Chi Minh City-based enterprises have officially applied electronic invoices (e-invoices) following new regulations. Many businesses worried whether the e-invoices would be complicated, increase costs, or congest the network? These concerns have been thoroughly answered by tax authorities, and businesses will also receive additional benefits when applying technology in management.
Experts suggest reducing taxes to stabilize gasoline prices

Experts suggest reducing taxes to stabilize gasoline prices

Domestic retail prices of petrol and oil products were allowed to adjust to the new selling price, with an increase of more than VND1,400 per liter for gasoline and more than VND1,000 per liter for oil as of 4 p.m. on October 26. As the global oil prices have risen to the highest level in the past seven years, while the Fuel Price Stabilization Fund has almost been exhausted, the most feasible solution is to reduce taxes to share difficulties with consumers and businesses.
Pandemic-hit businesses are expected to continue benefit from more support measures (Photo: VNA)

More tax, fee cuts to benefit pandemic-hit enterprises, people

About VND118 trillion (US$5.16 billion) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.
Corporate bonds still attract investors

Corporate bonds still attract investors

In the first two quarters of 2021, real estate companies are the winners of corporate bond issuance, with an issuance value of up to VND92.3 billion and an average interest rate of 10.36 percent per annum. In the context that interest rates on bank deposits stand at an extremely low level, corporate bonds remain attractive, especially for individual investors. On the other hand, many investors have been circumventing regulations over the past time.
Petrol price up VND850 per litre on July 12

Petrol price up VND850 per litre on July 12

The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) announced the adjustment of petrol prices to be over VND850 higher per litre at 3pm on July 12.

Vaccine fund receives over US$11.68 million

Vaccine fund receives over US$11.68 million

The Fund for Vaccination Prevention of Coronavirus Disease 2019 has so far received over VND264.8 billion, US$8,700 and EUR2,700  (totally US$11.68 million), according to its management board.