The General Department of Taxation has collected over 19.4 trillion VND (835 million USD) in tax debts as of July 31, up 2.4 percent from the same time last year.
The General Department of Taxation has collected over 19.4 trillion VND (835 million USD) in tax debts as of July 31. (Photo: VNA)
Hanoi (VNA) – The General Department of Taxation has collected over19.4 trillion VND (835 million USD) in tax debts as of July 31, up 2.4 percentfrom the same time last year.
Total tax arrears fell 5.7 percent year-on-year, with tax debts exceeding the90-day payment window accounting for 53.1 percent of the total debt, or 16.9percent lower than the same period in 2018.
Meanwhile, uncollectible tax arrears made up of 46.9 percent, a year-on-yearsurge of 11.4 percent.
According to the department, tax authorities nationwide collected 725.74trillion VND to the state budget during January-July, accounting for 62.1percent of the estimate.
In the seven-month period, the tax sector rounded up additional 6.7 trillionVND through inspections.
The tax authorities have also kept a close watch on and updated enterprises’business situation so as to better tax management.
More than 79,500 new companies entered the market in the period, over 73,700firms halted or stopped operations, and nearly 13,370 businesses restoredproduction.
To date, there are 734,840 operating companies, increasing 5.34 percent fromthe end of 2018.-VNA
The Netherlands-based Uber BV Company has completed its remaining tax arrears payment of 53 billion VND (2.26 million USD), immediately after the firm withdrew its petition against the Ho Chi Minh City’s Department of Tax department.
Experts said erasing uncollectible tax arrears was necessary but transparency must be ensured throughout the process to prevent losses to the State budget.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
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.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The General Department of Taxation has collected over 19.4 trillion VND (835 million USD) in tax debts as of July 31. (Photo: VNA) 
