Banking sector suffers from difficulties

Banking sector suffers from difficulties

VCN - Experts from VNDirect Securities Company said that the tensions in the corporate bond and real estate markets would negatively affect the quality and liquidity of banks.
Operating fiscal policy flexibly, creating momentum for recovery, promoting economic growth, Minister of Finance Ho Duc Phoc

Operating fiscal policy flexibly, creating momentum for recovery, promoting economic growth, Minister of Finance Ho Duc Phoc

VCN - In 2022, the Finance sector has made unremitting efforts, successfully and comprehensively completing the state budget-financial tasks. On the occasion of the new year, Mr. Ho Duc Phoc, Member of the Party Central Committee, Minister of Finance, sha
The picture of inflation control in 2023

The picture of inflation control in 2023

VCN - This is the National Assembly's high determination; however, the implementation of the CPI target of 2023 won't be easy.
Efforts to bring the corporate bond market to the "rails"

Efforts to bring the corporate bond market to the "rails"

VCN - After strong development, from the first quarter of 2022, the corporate bond market has tended to decrease. Decree No. 65/ND-CP is expected to help the corporate bond market have a legal basis for developing healthier and more sustainable products.
Fall in interest rates and inflation expected to help stock market restore strongly

Fall in interest rates and inflation expected to help stock market restore strongly

VCN - VN-Index closed the year at 1,007 points. In 2023, to assess the market outlook, we should identify advantages and disadvantages.
Banking profit growth in 2023 is forecast to decelerate

Banking profit growth in 2023 is forecast to decelerate

In 2023, credit institutions are more cautious with the business situation, and many forecasts raise concerns that profit growth will decelerate.
Banks

Banks' release' preferential credit, enterprises still complain

VCN - According to preliminary statistics, about 20 credit institutions and foreign bank branches have publicly announced credit programs and products with preferential interest rates.
Interest rates in 2023 still difficult to go against the world trend

Interest rates in 2023 still difficult to go against the world trend

VCN - According to the State Bank of Vietnam, since the beginning of 2022, there have been a total of 340 interest rate hikes globally. But in the first eight months of 2022, the State Bank continued to keep the operating interest rates unchanged.
Stock market sees positive signals in first trading sessions of 2023

Stock market sees positive signals in first trading sessions of 2023

VCN – Although the stock market in 2023 continues to undergo difficulties, the rising first trading sessions of the year predict that the market will recover.
Vietnam’s stock market still attractive to investors: report

Vietnam’s stock market still attractive to investors: report

The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows, as uncertainties persist in most of the global financial market, according to a weekly investment strategy report of the Vietcombank Securities Co., Ltd (VCBS).
Three scenarios for price administration of 2023

Three scenarios for price administration of 2023

With three scenarios for price administration of 2023, the inflation control will be implemented flexibly and in line with the practical requirement.
When will Covid-19 vaccine fund be closed?

When will Covid-19 vaccine fund be closed?

VCN - At the conference, Deputy General Director of the State Treasury Tran Thi Hue said that as of 5:00 pm on January 5, the total Covid-19 Vaccine fund was VND 10,682.8 billion. This was the donation amount of 691,142 organizations and individuals.
Ministry of Finance urges disbursement of public investment capital in 6 localities

Ministry of Finance urges disbursement of public investment capital in 6 localities

VCN - The Ministry of Finance has just sent an official dispatch to 6 localities to urge and remove difficulties and obstacles to accelerate the disbursement of investment capital plans.
Banking industry difficulties forecast to continue in 2023: analysts

Banking industry difficulties forecast to continue in 2023: analysts

The banking industry will continue to face difficulties in 2023 in the context of the real estate market downtrend and the less positive import and export outlook, analysts forecast.
SSC

SSC's Chairwoman appointed

VCN - Minister of Finance Ho Duc Phoc awarded the appointment decision and congratulated Mrs Vu Thi Chan Phuong for being appointed SSC's Chairwoman from January 9, 2023.
Urgent capital needs for projects of the General Department of Taxation and the General Department of Customs

Urgent capital needs for projects of the General Department of Taxation and the General Department of Customs

Minister of Finance Ho Duc Phuc said that the capital needed to arrange for completed, transitional, critical and urgent projects of the General Department of Taxation and the General Department of Customs
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Old loans must endure higher interest rates temporarily: central bank

Old loans must endure higher interest rates temporarily: central bank

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
State-owned enterprises flourished

State-owned enterprises flourished

VCN - The production and business situation in the first quarter of 2024 of the state-owned enterprise sector continues to have many bright spots with many financial targets completed or exceeding the set plan. This is the premise for positive business re
Forum discusses support for women-owned firms ​to join supply chains

Forum discusses support for women-owned firms ​to join supply chains

A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Ensure savings and prevent losses in disbursement of public investment

Ensure savings and prevent losses in disbursement of public investment

VCN - According to the Ministry of Finance's report, as of the end of March, the total unallocated investment is VND25,654.7 billion, accounting for 3.9% of the target assigned by the Prime Minister.
Implementing unprecedented fiscal policies to actively support people and businesses

Implementing unprecedented fiscal policies to actively support people and businesses

VCN - Implementing fiscal policies to support the economy, the Ministry of Finance has advised and offered many unprecedented solutions to reduce taxes, fees and charges, thereby supporting people and businesses to overcome difficulties, restore productio
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