The finance ministry will study to propose
the government to cut 50 percent of value added tax (VAT) on the government's
regular meeting on May 3rd, 2012.
The
information was provided by Vuong Dinh Hue, the minister of Finance (MoF) at
the conference on global economy adjustment and Vietnam's challenges in 2012
held by the MoF and Asian Development Bank (ADB) on April 23.
The
ministry will meet with consultant groups, experts to discuss, adjust the
businesses' situation and suggest the specific solutions, including tax
extension and VAT deduction, Hue said.
Vietnam's
economy got stability in the first quarter of 2012 but it there were also signs
of decline and the government should have timely monetary and fiscal policies
to remove difficulties for the business community, the Finance minister added.
The government
has been directing authorised agencies to review, give priorities to some
important sectors such as health, education... the vice prime Minster Vu Van
Ninh said in the working session with the Ho Chi Minh city's leaders.
Finance
Ministry
Business & Investment Opportunities
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