Topic: reduce

The Ministry of Transport (MoT) is developing a plan to reduce and simplify eleven regulations relating to business activities in registration and inland waterways, with some regulations and compliance costs removed completely. The ministry plans to reduce and simplify 54 regulations this year.

According to the Ministry of Finance (MoF), when unusual fluctuations appear in gasoline prices, many countries around the world cut VAT and excise tax rates and even introduce subsidies to help citizens. However, for many reasons, Vietnam has only reduced environmental protection taxes.