The project aims to improve the efficiency of taxation management via a complete risk control and information technology system, and to modernise the tax policy framework.

At the signing ceremony.

WB Country Director Ousmane Dione said the project reflects the WB’s greater commitment to partnering with Vietnam to improve the efficiency of State budget expenditure and fiscal reform to propel growth.

It will also help analyse the impact of changes to key taxation policies in line with Vietnam’s tax reform strategy and the best international practices, thus building a legal framework for asset tax imposition.

The aid was funded by the Japanese government via the WB-managed human resources and policy development programme.

Vietnam’s 1,000 biggest tax payers announced

The 1,000 biggest tax payers in Vietnam in 2017 contributed more than 110 trillion VND (4.72 billion USD) to the State budget, increasing 8.45 percent from the previous year, and accounting for 63 percent of total tax contributions.

Bac Giang to expand rural sanitation and water supply program from World Bank loan

(BGO)- The provincial People’s Committee of Bac Giang province has launched the plan to implement the Program on expanding scale of rural sanitation and clean water supply based on loans from the World Bank (WB) in 2020.

World Bank forecasts Vietnam’s economy to grow by 6.6 pct in 2019

The World Bank predicts Vietnam’s economic growth rate  would reach 6.6 percent in 2019 in its Managing Headwinds report released on April 24.

Firms advised to better product quality to boost exports to EU

Vietnamese enterprises should improve the quality of their products and meet all the requirements of the European Union to enjoy tariff-related advantages and increase exports to the region, once the recently-signed EU-Vietnam Free Trade Agreement (EVFTA) becomes effective. 

Seeds for seedless watermelons exported to Japan

Loc Troi Group, a leading provider of agricultural services and products in Vietnam, on July 23 announced it had exported 8.1 kg of seeds that will grow into seedless watermelons to Japan.

Source: VNA