Banks race to attract low-cost capital sources

Banks race to attract low-cost capital sources

The race to lure deposits among banks is becoming fiercer as more customers are selected medium- and long-term savings to get higher interest rates.
Outstanding achievement in digital transformation for Tax and Customs administration

Outstanding achievement in digital transformation for Tax and Customs administration

VCN - The Customs sector has reached the 5E target (E-Declaration, E-payment, E-C/O, E-Permit and E-Manifest), performed automatic supervision, and accelerated the implementation of the National Single Window and the ASEAN Single Window.
The fiscal policy affirms the pivotal role of the economy

The fiscal policy affirms the pivotal role of the economy

The effective implementation of fiscal policy has contributed significantly to the economy's strong recovery in the first 10 months of 2022.
Developing a safe, healthy and transparent corporate bond market

Developing a safe, healthy and transparent corporate bond market

VCN - The Corporate bond is a type of security product that confirms the payment of principal and interest by enterprises to investors who own bonds.
Successfully spreading the program "Lucky Invoices"

Successfully spreading the program "Lucky Invoices"

VCN - On August 29, 2022, the General Department of Taxation sent an official dispatch to tax departments of provinces and municipalities requesting the expansion of the program "Lucky invoices".
Budget revenue estimate in 2023: Focusing on core, sustainable revenues

Budget revenue estimate in 2023: Focusing on core, sustainable revenues

VCN – The State budget estimate for 2023 has just been approved by the National Assembly. Many contents of the 2023 budget estimate received the attention of experts and people, including budget revenue and expenditure estimates. According to a representa
37 foreign suppliers pay over VND3,100 billion in taxes

37 foreign suppliers pay over VND3,100 billion in taxes

VCN - According to the report of the General Department of Taxation, currently 37 foreign suppliers have declared and paid taxes via the Portal for foreign suppliers.
Amendment to export tariff and preferential import tariff meets roadmap of international commitments

Amendment to export tariff and preferential import tariff meets roadmap of international commitments

VCN - The amendment to the tariff in a timely fashion and meeting the requirements of the tariff reduction roadmap in FTAs is reasonable.
Public debt safety indicators are strictly controlled

Public debt safety indicators are strictly controlled

VCN - The Government's report on the public debt in 2022 and 2023 shows that the debt target by the end of 2022 is expected to be within the ceiling limit and safety warning threshold approved by the National Assembly.
Capital mobilization from Government bonds to attach with public investment disbursement

Capital mobilization from Government bonds to attach with public investment disbursement

VCN – The State Treasury will closely monitor the disbursement progress to issue a corresponding volume of Government bonds to ensure loan capital, meet capital use demand, and improve the efficiency of capital use and mobilization.
Strive to reduce budget deficit in financial plan for 2023-2025

Strive to reduce budget deficit in financial plan for 2023-2025

VCN - The domestic market's investment environment has improved, making Vietnam an attractive destination for foreign investors. As a result, trade activities have been expanded, and exports have maintained positive growth thanks to trade agreements.
Fiscal policy affirms the pivotal role of the economy

Fiscal policy affirms the pivotal role of the economy

VCN - A significant contribution to the strong recovery of the economy in the first 10 months of 2022 is the effective implementation of fiscal policy. In particular, the pillar is supporting policies for people and businesses facing difficulties during t
Four objectives, seven solutions in 2023 budget estimate

Four objectives, seven solutions in 2023 budget estimate

VCN - At the Seminar "State Budget Estimates 2023- Outlooks and Challenges" organized by the Budget Transparency Alliance for Progress (BTAP) on the afternoon of November 10, experts mentioned the following contents of the 2023 State budget estimate, posi
Units consider administrative reform a useful tool in direction, management: Ministry of Finance

Units consider administrative reform a useful tool in direction, management: Ministry of Finance

VCN – Assessing the Public Administration Reform (PAR) Index 2021 of units under the Ministry of Finance, the Ministry of Finance said that the units have paid attention to administrative reform and considered this a useful tool in direction and managemen
SBV asks commercial banks to support fuel traders

SBV asks commercial banks to support fuel traders

The State Bank of Vietnam (SBV) has issued a document instructing commercial banks to take all measures to support fuel traders.
Striving to fulfil 2022 budget collection task

Striving to fulfil 2022 budget collection task

VCN - By the end of October 2022, the state budget revenue has completed the tasks for 2022. However, the collection situation in recent months has decreased compared to the year's first half. Meanwhile, it is forecasted that in 2023, the state budget rev
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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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