Information from the Hanoi Tax Department said that over 1,080 business households were dissolved, and 2,351 households temporarily suspended operations in January and February.

An employee of the Hanoi Tax Department accepts an application from a resident.

Specifically, there were 13,826 business households generating invoices in January, up 3 percent over the same period last year, with turnover increasing 5 percent and tax payment up 4.9 percent.

However, there were only 4,281 business households generating invoices last month, a decrease of 57.4 percent compared to the same period last year, resulting in a decrease of 53.1 percent in turnover and 50.7 percent in tax payment.

The reduction is concentrated in the group of accommodation, food and drink and goods trading related to the Chinese market or originated from China.

Assessing the impact of COVID-19 on State budget revenues this year, the tax department said that it managed more than 169,400 taxpayers by the end of last month.

The total revenue from sales of goods and services of large enterprises and economic organisations decreased by six percent over the same period. The arising value-added tax decreased by 10.5 percent.

To overcome the impacts of COVID-19 on revenue collection, the tax department has proposed a number of solutions such as following the directions of the Government, the Prime Minister, the Ministry of Finance and the city in implementing measures to remove difficulties and support taxpayers to cope with the impact of COVID-19.

The department will also well implement administrative reform and electronic tax projects.

Bac Giang continues improving business climate to heighten national competitiveness

(BGO) - Chairman of the provincial People’s Committee of Bac Giang province (PPC) has issued the Directive no 03/CT-UBND to continue implementing the key tasks and solutions for improvement of the investment and business climate and enhancement of the national competitiveness in 2020.

Bac Giang Business Consultation and Support Center joins hands with enterprises to handle difficulties

(BGO) – The Bac Giang Business Consultation and Support  Center (BCSC) under the Bac Giang provincial Business Association has recently taken great efforts to consult and instruct the individuals and enterprises to handle the difficulties and obstacles arising in such fields of investment, taxation, customs..., helping create completed and developed environment for production and business in the province.

Improving business environment, enhancing national competitiveness

The Ministry of Justice was assigned by the Government to take charge of improving the law compliance cost index (B1 Index) according to the Government’s Resolution No. 02/NQ-CP dated January 1, 2019.This vitally important task has been actively implemented by the judicial sector, bringing about many positive results.

Tay youths start business with community-based tourism model

A group of young people, including seven secretaries of Youth Union branches, led by Doan Van De - Secretary of the Youth Union branch of Thuong Lam Commune, established Thuong Lam cooperative to implement “community-based tourism” projects.

Vietnamese enterprises seek food business opportunities in India

Vietnamese enterprises joined the third Indian International Food and Beverage Expo (Indus Food 2020) in Uttar Pradesh, India, from January 8 to 10, to seek business cooperation opportunities in confectionery, beverages, energy drinks and fruits.

Source: VNA