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Vietnam c.bank to research and pilot use of cryptocurrency

Government agencies are working on a legal framework for the management of cryptocurrencies and assets. The State Bank of Vietnam (SBV), the country’s central bank, will carry out research and later pilot the use of cryptocurrency based on blockchain technology during the 2021-2023 period. The move was revealed in Prime Minister’s decision No.942 on the […]

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Vietnam: Tax authorities at a loss over collecting dues from online business

Despite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead finding workarounds. As soon as Decree No.126/2020/ND-CP officially came into force at the beginning of last December, online vendors have quickly found tricks to avoid their tax obligations. Circumventing banks’ obligation to provide bank information of online […]

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Vietnam: New tax put forth to restrain speculation

Hanoi and Ho Chi Minh City are proposing a series of solutions to impose extra tax after a recent request from the prime minister to readjust the real estate market to limit investment flows into unused property from speculation. Hanoi Tax Department this month proposed to subject a 5 per cent tax on the contract […]

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