link ae888

MoIT makes out case for crypto mining

The Ministry of Industry and Trade (MoIT) has proposed not to suspend the imports of cryptocurrency mining machines (HS code 8471.80.90) in order to ensure the production and business activities of enterprises.
MoIT makes out case for crypto mining ảnh 1The MoIT has raised concerns that the suspension of imports will affect production and business activities of enterprises using these devices (Photo: plo.vn)
Hanoi (VNS/VNA) - The Ministry ofIndustry and Trade (MoIT) has proposed not to suspend the imports ofcryptocurrency mining machines (HS code 8471.80.90) in order to ensure theproduction and business activities of enterprises.

The proposal was made in a document on themanagement of importing automatic data processing machines written by the MoITand recently submitted to the Prime Minister.

Statistics from the General Department of VietnamCustoms showed that the country imported more than 27,239 products in 2017 andover 15,117 products of this HS code in the first five months of this year.

According to the MoIT, the scope of the impactwill be very large if halting the import of this kind of machine. As it is notpossible to identify specifically which items need to be managed, stopping allimports is not in accordance with the provisions of the Law on Foreign TradeAdministration on the freedom of import and export and the application ofimport suspension measures.

Moreover, the machines and equipment used formining virtual currency are multi-purpose items, with different applicationsdepending on the users. Therefore, the MoIT has raised concerns that thesuspension of imports will have a negative impact, affecting production andbusiness activities of enterprises using these devices.

Earlier, Deputy Prime Minister Trinh Dinh Dunginstructed the MoIT, the Ministry of Finance (MoF), and other agencies toexamine the entry of cryptomining machines into the country.

The MoF, the State Bank of Vietnam and the Ministryof Public Security agreed to suspend the imports of cryptocurrency miningmachines.

According to the Ministry of Public Security, inthe market currently, VGA card manufacturers have provided dedicated cardsexclusively for the purpose of exploiting digital money. Therefore, thesedevices also have to be coded as imported goods with the same HS code to manageand suspend imports.

The Ministry of Information and Communicationssaid the mining machines are divided into two types – ASIC and VGA. AdvancedASIC machines are only manufactured for virtual currency purposes, thereforethe use of administrative measures to suspend imports is appropriate andfeasible. However, VGA machines are assembled like regular personal computers,hence the ministry recommends not implementing import restrictions so as not toaffect the manufacturing and business of enterprises.

The MoIT proposed assigning the MoF to study,classify and decide HS codes for the cryptocurrency mining machines as a basisfor applying appropriate management measures. The MoIT also proposed theMinistry of Justice and relevant ministries to develop a legal framework forstrict management and regulations of penalties for violations related tomining, trading and investing in various kinds of cryptocurrency as well assimilar products.-VNS/VNA
VNA

See more

A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

Phu Tho emerges as FDI magnet follow🐬ing mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

Maximum fine☂ of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation tech🌊nology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

 Banks accele꧙rate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
{dagathomo tructiep hôm nay}|{link link link ae888}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|