Finance

The Tax industry has comprehensive digital transformation

29/11/2023 11:08 Finance

VCN - The application of information technology (IT) over the past 30 years has contributed to building a modern Tax industry that operates effectively, efficiently and successfully implements programs and plans to reform administrative procedures, recogn

Minister of Finance requests to strengthen inspection and supervision of public service activities

28/11/2023 14:57 Finance

VCN - Minister of Finance Ho Duc Phoc signed and promulgated Directive 03/CT-BTC requiring heads of affiliated and subordinate units to thoroughly implement well the Prime Minister's direction on rectifying and strengthening the inspection, examination an

Assessing one-year implementation of "Strengthening Public Financial Management in Viet Nam” project

27/11/2023 10:43 Finance

VCN - The Project Steering Committee of the Strengthening Public Financial Management Program, Subprogram 1 with a medium-term vision (Project) under the Strengthening Public Financial Management in Viet Nam program held its third meeting on the afternoon

New circular aims to improve stock market transparency

26/11/2023 21:20 Finance

The Ministry of Finance has issued a new circular which aims to improve stock market transparency in Vietnam.

Accelerate tax refunds

26/11/2023 10:04 Finance

VCN - Implementing the direction of the Prime Minister and the Minister of Finance in tax refunds, the General Department of Taxation has directed tax authorities at all levels to speed up the progress of tax refund settlement, and at the same time, stron

Intensified Deployment of Electronic Invoice Issuance for Each Petroleum Retail Sale

25/11/2023 13:55 Finance

VCN - The Ministry of Finance states that the issuance of electronic invoices for each petroleum retail sale is fully supported by legal grounds. Alongside this, the Tax Department is escalating efforts in advocacy, leadership, directives, and the impleme

Transactions worth from 400 million VND to be reported to state bank

14:08 | 24/11/2023 Finance

Transactions with a value of 400 million VND ($16,520)or more must be reported to the State Bank of Vietnam (SBV) from December 1, 2023, according to a new regulation.

Finance sector: Many solutions to promote anti-corruption

10:08 | 22/11/2023 Finance

VCN - According to the Ministry of Finance, through 10 months of 2023, the Ministry of Finance Inspectorate and units with specialized inspection functions under the Ministry have carried out more than 60,880 inspections and examinations, and discovered many violations in managing, using state capital and assets.

VAT reduction requires a combination of long-term solutions to support growth

17:38 | 21/11/2023 Finance

VCN - Responding to the opinions of National Assembly delegates on reducing value added tax (VAT), Minister of Finance Ho Duc Phoc said that this is only one of solutions and is effective in the short term, so it still needs long-term solutions for econom

Reducing VAT along with tax and fee supports helps stimulate demand, reduce costs, and increase profits

17:30 | 21/11/2023 Finance

VCN - According to the program of the 6th Session, Minister of Finance Ho Duc Phoc, authorized by the Prime Minister, presented a Proposal on reducing value added tax (VAT), with a proposal to continue implementing this policy in the first half of 2024.

Frozen IPO market makes it difficult to attract foreign capital

20:43 | 20/11/2023 Finance

The lack of initial public offerings (IPOs) from new market entrants makes it difficult for the securities market of Vietnam, which is dominated by banking stocks, to attract foreign capital.

Enhancing and streamlining of regular expenditure payment processes at the state treasury

13:44 | 20/11/2023 Finance

VCN - The State Treasury, aspiring to transition from an Electronic Treasury to a Digital Treasury, continues to explore and implement innovations and improvements to further amplify the efficiency of its services.

Public-private partnership needed for sustainable rice farming

15:51 | 19/11/2023 Finance

Attracting investment and public-private partnership (PPP) plays an important role in implementing the project of sustainable development of 1 million ha of low-emission high-quality rice production in the Mekong Delta to 2030, said insiders.

Strengthen supervision to boost the insurance market

13:43 | 19/11/2023 Finance

VCN - Given by stricter regulations for insurance business activities, Mr. Ngo Viet Trung, Director of the Department of Insurance Management and Supervision (Ministry of Finance), said that this will help the insurance market develop sustainably.

State Treasury requires ensuring IT system to serve year-end settlement

09:08 | 18/11/2023 Finance

VCN - The State Treasury (State Treasury) has just issued an official dispatch directing and guiding the State Treasury of provinces and centrally-run cities and the State Treasury Transaction Department to ensure the operation of the information technolo

The 30th APEC Finance Ministers' Conference was a great success

15:08 | 17/11/2023 Finance

VCN - As part of the 2023 APEC Finance Ministers' Process, the 30th APEC Finance Ministers' Conference was held in San Francisco, USA. Receiving the invitation of US Finance Minister Janet L. Yellen, Minister Ho Duc Phoc led the Vietnamese delegation of t

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