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Saturday, September 23, 2023


domestic businesses

The tax refund tangle

While there has been some improvement in the value-added tax (VAT) refund process in recent months, a significant number of businesses, particularly those exporting agricultural, forestry, and processed products, are still grappling with the frustrating delay in receiving their much-needed tax refunds. This delay is adversely affecting their working capital. During numerous meetings, the Prime Minister has emphasized the necessity for the tax authority to ensure accurate, complete, and timely VAT refunds. In response to his directives, Finance Minister Ho Duc Phoc has mandated that the tax authority promptly process […]
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Vietnam’s foreign trade surges 16% in Jan-Apr

HCMC – Vietnam’s foreign trade in the first four months of this year expanded 15.9% year-on-year to US$242.43 billion even though its economy had...

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