Chris Humphrey, executive director of the EU-ASEAN Business Council, talks to Việt Nam News about the growing threat of illicit trade and the need for stronger regional cooperation to combat it.
All transfers exceeding the threshold will be automatically routed through regular clearing, the bank said in a statement. Transactions initiated after 3.55pm will be processed on the next working day.
Agentic commerce is rapidly gaining momentum globally, projected to contribute up to US$3 trillion to $5 trillion in orchestrated revenue of the global retail market.
The Ministry of Finance has withdrawn a proposal to levy a 20 per cent personal income tax on profits from sales of real estate assets, opting instead to maintain the current flat tax on 2 per cent on the transaction...
A scarcity of SJC gold bars and gold rings in official trading channels is causing the demand for the asset on the unofficial online market to increase sharply, but industry insiders warn that purchases could result in high risks.
The National Payment Corporation of Việt Nam emphasised the need for a common process to streamline coordination among banks, as each currently handles doubtful transactions differently.
The proposal is under a MoF’s draft decree amending and supplementing Decree No. 132/2020/NĐ-CP regulating tax management for enterprises with related transactions.
The Ministry of Finance is to start a process to study the effect of taxation on gold transactions, said deputy minister of finance Nguyễn Đức Chi in a press conference on Tuesday in Hà Nội.
The General Department of Taxation proposed the State Bank of Việt Nam study regulations on making non-cash payments compulsory for gold transactions together with a control mechanism to improve transparency.
The State Bank of Vietnam wants to amend the current policy to increase flexibility and initiative in managing monetary and exchange rate policies in response to changes in domestic and international market conditions.