vn02
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Vietnam financial watchdog proposes tax cut for SMEs

The Hanoitimes – The proposal was highlighted in the fiscal and budget report in September 2018, which was released by the National Financial Supervisory Commission of Vietnam (NFSC). The NFSC, the government’s financial watchdog, has proposed cutting the corporate income tax for small-and-medium sized enterprises (SMEs) to support their operations. The NFSC emphasized that this is […]

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malay02
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Malaysia: Budget deficit may widen

PETALING JAYA: Malaysia’s budget deficit may widen to 3% of gross domestic product (GDP) in 2019, amid an expected slower economic growth of 4.5% next year, cautions AllianceDBS Research. The research house said although the government is on track to achieve its budget deficit target of 2.8% this year, it pointed out that the deficit level could potentially rise back to 3% due to several financial constraints that […]

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vn01
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Vietnam targets fiscal deficit at 3.6% of GDP in 2019

The Hanoitimes – The structure of state budget expenditures is set to improved, of which, regular spending continues to decline and expenditure for development investment is going to increase. Vietnam’s state budget overspending in 2019 will be kept at VND222 trillion (US$9.49 billion) or the ratio of 3.6% of its GDP, according to Minister of Finance […]

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