GDT to cut at least 20% of compliance costs related to business activities

Monday, 04/09/2023 18:48
The General Department of Taxation (GDT) will guarantee to reduce and simplify at least 20% of regulations and cut at least 20% of compliance costs related to business activities and eliminate unnecessary regulations by 2025.

GDT to cut at least 20% of compliance costs related to business activities (Photo:

The GDT has just issued Decision No 1308/QD-TCT on the implementation plan for Decision No 1162/QD-BTC dated June 8 of the Ministry of Finance (MoF) on the issuance of the action plan on improving the quality and efficiency of online public service provision by the MoF this year, said the Vietnam News Agency.

In this plan, the GDT aims to continue to reduce and simplify regulations related to business activities, and eliminate regulations that are no longer appropriate.

The GDT's units have completed the integration of online public services under their management into its web portal.

In which, the Public Service Portal and the Electronic Portal of the General Department of Taxation are connected and share data with the National Public Service Portal.

Along with that, the plan sets a target that 100% of administrative procedures that meet the requirements of the law will be provided in the form of a complete online public service.

100% of online public services that are fully qualified for connection are integrated into the Public Service Portal and the GDT's web portal.

The GDT's units have completed the integration of online public services – Photo for illustration (Source:

100% full-fledged online public services that are eligible for connection, involving many people and businesses, are integrated into the National Public Service Portal.

The decision ensured to reduce and simplify at least 20% of regulations and cut at least 20% of regulatory compliance costs related to business activities in effective documents until the end of May 31, 2020, in accordance with the requirements of Resolution No 68/NQ-CP dated May 12, 2020, of the Government by 2025.

At least 80% of administrative documents are processed completely online. The information systems of the GDT related to people and businesses put into operation and exploitation are connected and interconnected through an integrated and data-sharing platform; information of people and businesses is digitised and stored in national databases without having to re-supply, stated the GDT.

Vietnam and Indonesia looking to beat US$15 bln trade target

Bilateral trade cooperation between Vietnam and Indonesia is prospering, with the two sides aiming to surpass the US$15 billion trade target set for 2023, said Radio the Voice of Vietnam.

The Ministry of Industry and Trade reports that two-way trade between the two countries has grown significantly over the years, rising from just US$4.8 billion in 2013 to US$14.1 billion in 2022.

The first four months of 2023 saw bilateral trade expand 9% year on year to US$4.2 billion, including US$1.6 billion worth of Vietnamese exports. Given the steady growth, the trade value is likely to hit or even surpass the US$15 billion target set for the whole year.

Garments represent one of Vietnam's major export products to Indonesia (Photo: VOV)

Indonesia is currently Vietnam’s third largest trading partner, while Vietnam is Indonesia’s fourth largest trading partner in Southeast Asia. Notably, Vietnam is a reputable and quality supplier of many products to the Indonesian market, such as rice, coffee, rubber, seafood, textiles, footwear, mobile phones and components, iron, steel, and other construction materials, plastic products, among others.

Meanwhile, many of Indonesia’s major products like coal, auto parts, palm oil, plastic raw materials, animal feed and raw materials, chemicals, and metals are the favourites with Vietnamese businesses to support production and business activities.

Pham The Cuong, Vietnamese Trade Counselor in Indonesia, says Vietnamese businesses raked in US$149 million from exporting rice to Indonesia in the first four months of 2023, representing a sudden increase of 2,514% over the same period last year. Besides importing rice, Indonesia is also a potential market for other Vietnamese food products.

Statistics show the largest economy in Southeast Asia backed by a market of 275 million consumer imports US$16 billion worth of food, foodstuffs and beverages every year, making up 6.5% of its total imports.

At the recent 55th ASEAN Economic Ministers’ Meeting in Jakarta, Indonesian Trade Minister Zulkifli Hasan affirmed Indonesia always considers Vietnam as one of its important economic and trade partners in Southeast Asia. He proposed that the two countries’ trade sectors resume visit exchanges, share experience in aquaculture development, and develop the automobile industry.

To enter this large Halal market in the world, Trade Councilor Pham The Cuong says his Trade Office will encourage Vietnamese businesses to take part in large trade fairs in Indonesia, arrange online connectivity forums, and organize consultations to provide Vietnamese businesses with information about the Halal certification.

In addition to proactively engaging in trade promotion, seeking partners, and expanding exports, businesses are required to pay attention to trade defense measures adopted by Indonesia, the Trade Councilor reminds.

Local student wins UPU international letter writing competition

Dao Khuong Duy, a six grader from the Mekong Delta province of Ben Tre, won third prize at the 52nd Universal Postal Union (UPU) International Letter-Writing Competition for Young People, with a piece illustrating his desire to become a superhero to fight traffic accidents, according to Radio the Voice of Vietnam.

In the letter addressed to his parents, Duy dreamt of becoming a superhero named S-24/7 in order to fight with a devil-god representing traffic accidents.

Duy’s S-24/7 superhero boasts many special abilities, including shapeshifting, faster-than-light travel, and thought manipulation. But the most valuable thing about S-24/7 is his unconditional love for all things throughout the universe.

Dao Khuong Duy wins first place at the national UPU letter writing competition 2023 (Photo:

According to the writer, the idea from the letter comes from everyday situations Duy typically sees from his house near a national highway. The boy has seen the numerous problems traffic cause in a neighborhood, including plenty of horrific accidents.

This year’s theme for the UPU International Letter-Writing Competition for Young People aged nine to 15 was to imagine oneself as a superhero, with the mission of making all roads around the world safer for children.

Out of the millions of letters sent from around the world, organisers selected only three to win prizes.

Last year, ninth grader Nguyen Binh Nguyen of Nguyen Tri Phuong secondary school in Hanoi won first prize of the contest at the national level, as well as a consolation prize at the international level.

Military-run telecom group to attend Defense Industry Exhibition MSPO

The Military Industry and Telecoms Group Viettel has announced that it will attend the 31st International Defense Industry Exhibition (MSPO) in Kielce, Poland, from September 5 to 8, Radio the Voice of Vietnam reported.

The group will introduce 60 products that demonstrate its research-manufacturing capacity. The products to be exhibited have features equivalent to high-tech industrial products in the world, meeting international standards.

Viettel holds that MSPO 2023 will help the group to expand business opportunities and promote multinational partnerships. At the same time, the expo is an opportunity to promote the capacity and popularize the image of Vietnam’s defense industry to the world.

The Viettel pavilion at the 31st International Defense Industry Exhibition (MSPO) in Kielce, Poland. (Photo: PANO)

Nguyen Vu Ha, general director of Viettel High Tech, says Viettel aims to acquire core technology when it reaches global markets.

“Vietnam’s defense products have met customer requirements. We are confident and committed to providing products that keep up with the latest technology trends targeting users,” says Ha.

This is the first time that a Vietnamese enterprise has attended and promoted business at MSPO. The expo also brings together the world’s leading brands such as WB Group, Thales, and Lockheed Martin./.

Compiled by BTA