31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Vietnam tax revenue down 1.4% in two-month period
The fact that nearly 19,800 enterprises temporarily suspended operation in the first two months of 2021, up 60.5% year-on-year, has also contributed to a decline in tax revenue.
11:07, 2021/07/28
How governments can use tax policy to speed economic recovery?
The COVID-19 pandemic has created opportunities for a fairer, more robust and more efficient tax revenue and spending system.
11:24, 2021/24/07
Vietnam tax revenue in 2020 exceeds year’s target despite Covid-19
Hanoi remains a spotlight with tax revenue of VND265.89 trillion (US$11.52 billion) in 2020, up 5.9% year-on-year.
13:39, 2020/39/18
Fees and charges make up growing shares in Vietnam state budget revenue
Such increases have created a burden on the citizens, while multinationals are taking advantage of Vietnam’s incentive policies to avoid taxes.
15:15, 2020/15/05
Vietnam tax revenue down 2.4% in Jan-May
Tax revenue in May suffered a sharp plunge of 36.9% year-on-year to VND58 trillion (US$2.52 billion).
22:29, 2020/29/28
Tax evasion causes annual losses of US$900 million to Vietnam’s tax revenue
Multinational companies have more favorable conditions in exercising tax avoidance, and to a larger extend, tax evasion, compared to their peers in the state and private sectors.
08:59, 2020/59/25
Global oil crash exerts little impact on Vietnam’s budget revenue
In this year's state budget plan, revenue from crude oil is predicted at VND35.2 trillion (US$1.5 billion), accounting for 2.3% of the total.
17:45, 2020/45/24
Hanoi estimates to lose over US$1.8 billion in budget revenue in 2020
The figure is more than double the estimated losses from the municipal tax authority in its extreme scenario at VND16.6 trillion (US$712 million) where the pandemic lingers to the fourth quarter.
17:52, 2020/52/01
Vietnam needs to consider more ambitious tax reform: WB
The declining trend in revenue collection is a source of concern as it has serious consequences for the fiscal policy conducted by the government, especially on its investment program.
17:02, 2019/02/13
Decreasing tax revenue to harm Vietnam’s sustainable development: Expert
Vietnam could get rid of its most large tax incentives without harming its growth or competitiveness, said an Oxfam expert.
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