Vietnam to raise taxable personal income threshold from July
The threshold would now be raised from VND9 million (US$389) per month to VND11 million (US$475).
The threshold would now be raised from VND9 million (US$389) per month to VND11 million (US$475).
Anyone who is found to have accepted bribery would be subject to strict punishment in compliance with law, said a senior government official.
Japan has been a major donor of official development assistance (ODA) to Vietnam, estimated at US$24 billion, or 26.4% of total borrowings of the Vietnamese government.
General To Lam, Vietnamese minister of Public Security, said the Vietnamese authorities are cooperating with Japanese parties to clarify the issue.
The allegation is a serious matter directly affecting Vietnam’s business environment at a time government agencies are determined to fight corruption, said Minister of Finance Dinh Tien Dung.
From May 1, the country’s rice exports will be resumed as normal without quota.
The task has become even more complicated given negative impacts of the Covid-19 pandemic in the first three months of 2020.
A number of exporters have complained of a lack of transparency in customs declaration for rice export.
The package, which is specified in a draft decree, is set to become effective immediately upon the approval of Prime Minister Nguyen Xuan Phuc.
In January, tax revenue stood at VND166.7 trillion (US$7.17 billion), equivalent to 11% of the year's plan and up 4.8% year-on-year.