Striving to reduce the number of public non-business units under Ministry of Finance

Striving to reduce the number of public non-business units under Ministry of Finance

Ministry of Finance will continue to renovate its management mechanism and strengthen its organizational structure, improving the operation efficiency of public non-business units
Banking shares plummet to attractive prices

Banking shares plummet to attractive prices

The banking industry may have a hard time reaching its 2022 profit growth targets, but share valuation have dropped significantly to attractive prices.
WB, FTSE Russell pledge regular coordination in upgrading Vietnam"s stock market

WB, FTSE Russell pledge regular coordination in upgrading Vietnam"s stock market

Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter.
Why did excise tax on petroleum not adjust?

Why did excise tax on petroleum not adjust?

The Ministry of Finance suggested that there will be no immediate adjustment on excise tax for petroleum.
Finding solutions to stabilize petrol prices

Finding solutions to stabilize petrol prices

VCN – The Ministry of Finance on the afternoon of June 22 held a meeting with the Vietnam Petroleum Association to discuss proposals related to petroleum business.
Keeping inflation below 4% is very difficult

Keeping inflation below 4% is very difficult

According to economist Vu Vinh Phu (photo), keeping inflation below 4% in 2022 is very difficult. Therefore, solutions related to energy, raw materials and supply chains are the most important right now.
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.
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Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
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.
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