Public Debt Strategy by 2030: towards public debt safety and national financial security

Public Debt Strategy by 2030: towards public debt safety and national financial security

VCN – The Public Debt Strategy Project by 2030 is one of the nine strategies in the finance sector’s strategic system which has been approved by the Prime Minister, and is an important basis to continue reforming public debt management in a sustainable an
Assessing budget revenues in 2022

Assessing budget revenues in 2022

VCN - The General Department of Taxation has requested the local tax departments and the Department of Large Enterprise Tax Administration to develop estimates of state budget revenue and VAT refund in 2023; estimates for three years from 2023-2025 on the
Việt Nam"s second largest green bond issuer in 2021

Việt Nam"s second largest green bond issuer in 2021

The country alone issued total $1.5 billion of GSS in 2021, nearly 5 times higher than the value of $0.3 billion in 2020, maintaining stable growth for three consecutive years.
Fiscal and monetary policies should be coordinated to promote the recovery of financial market

Fiscal and monetary policies should be coordinated to promote the recovery of financial market

On June 16, the scientific conference "Reshaping the financial market for economic recovery and development" was held by the National Institute for Finance.
What pressure is being put on the "shoulders" of banks?

What pressure is being put on the "shoulders" of banks?

According to Dr. Nguyen Quoc Hung, General Secretary of the Vietnam Bankers Association (VNBA), 70% of collateral for loans at banks is real estate, if this market "freezes", banks will be greatly affected.
12 agencies and 16 localities have not yet allocated public investment plans for 2022

12 agencies and 16 localities have not yet allocated public investment plans for 2022

VCN - As of May 31, the total capital of ministries, central agencies and localities allocated to projects that are eligible for disbursement in 2022 meets 92. 9% of the capital plan allocated by the Prime Minister.
Việt Nam stock market bounces back, more gains predicted: VinaCapital

Việt Nam stock market bounces back, more gains predicted: VinaCapital

Việt Nam’s stock market is still cheap at 11.5 times forward P/E and expectations ofnbsp;EPSnbsp;growth of over 20 per cent this year compared to an average P/E of 16.2 for its emerging market ASEAN peers.
Continue to implement "pre-inspection, post audit" in real estate transfer tax management

Continue to implement "pre-inspection, post audit" in real estate transfer tax management

The Director General of Taxation has made a public announcement to continue improving the efficiency of handling tax declaration dossiers from real estate transfers.
Credit growth of banking system expands by over 17 per cent

Credit growth of banking system expands by over 17 per cent

Credit of the Vietnamese banking system as of June 9 surged by 17.09 per cent against the same period last year.
Ministry of Finance submits to the Government to amend regulations on invoices and documents

Ministry of Finance submits to the Government to amend regulations on invoices and documents

VCN - On the basis of the Government's decrees, the Ministry of Finance has issued guiding documents and directed the tax authorities to implement them uniformly.
Ministry of Finance proposes reduction of green tax on petroleum

Ministry of Finance proposes reduction of green tax on petroleum

VCN - The Ministry of Finance has consulted ministries and agencies to report to the Government and the National Assembly Standing Committee on the reduction of green tax on petrol and oil to the floor level, said the Deputy Minister of Finance Ta Anh Tua
Continuing to selectively attract foreign capital

Continuing to selectively attract foreign capital

Competition to attract foreign direct investment (FDI) is becoming more and more fierce, especially in the context of limited capital supply and the heavy impact of the Covid-19 pandemic
Promoting cooperation between the Ministry of Finance of Vietnam and IFAD

Promoting cooperation between the Ministry of Finance of Vietnam and IFAD

Deputy Minister of Finance Ta Anh Tuan had a meeting with the delegation of the International Fund for Agricultural Development (IFAD).
New points in regulation on derivatives clearing and settlement

New points in regulation on derivatives clearing and settlement

VCN - The Vietnam Securities Depository (VSD) has just issued a new regulation on the clearing and settlement of derivatives transactions at the VSD. Notable changes in this regulation are expected to reduce problems arising in the stock market, making th
Loosening credit room: caution necessary

Loosening credit room: caution necessary

VCN - According to data from the State Bank of Vietnam (SBV), as of May 27, credit is estimated to increase by 7.75%, about two times higher than the same period in 2021.
Thousands of billions of dong collected from e-commerce businesses

Thousands of billions of dong collected from e-commerce businesses

VCN - As of May 23, the tax authorities collected VND735 billion from handling violations and anti-revenue loss, of which VND176 billion was from the first four months.
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Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electr
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

The revised Draft Law on Value Added Tax (VAT) also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund
Corporate bond maturity in 2024 remains high: MoF

Corporate bond maturity in 2024 remains high: MoF

The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
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