Tax sector ready to perform revenue collection in 2023

Tax sector ready to perform revenue collection in 2023

Due to a lot of pressure on state revenue collection in 2023, the tax sector has proactively set out key tasks for implementation at the beginning of the year.
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.
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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
Foreign investors net sell in Vietnamese market, banking sector attracts interest

Foreign investors net sell in Vietnamese market, banking sector attracts interest

According to BSC, foreign investors sold a net total of VNĐ11.55 trillion across all three exchanges in the first three months of 2024, equivalent to 50.62 per cent of the total net selling value in 2023. The selling pressure came from active funds and ETFs, resulting in a continued net withdrawal state and exerting pressure on the market.
Banks record positive business indicators in Q1 2024

Banks record positive business indicators in Q1 2024

According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor

VCN - According to the report from the Ministry of Finance, the cumulative state budget revenue in the first quarter of 2024 reached 539.5 trillion VND, equal to 31.7% of the estimate, an increase of 9.8% compared to the same period in 2023.
IASB recommends Vietnam prepare infrastructure to apply IFRS

IASB recommends Vietnam prepare infrastructure to apply IFRS

VCN - Applying “International Financial Reporting Standards (IFRS) will help businesses improve the quality of financial reporting and enhance the quality of explanation, but there are still many difficulties in transformation.
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