Banks granted credit room

Banks granted credit room

According to the Vietnam Confederation of Trade and Industry (VCCI), the credit growth limitation is one of the most influential policies in the banking system of Vietnam, but its legal basis is not very thin.
The whole finance sector needs to continue making efforts and focusing on completing tasks

The whole finance sector needs to continue making efforts and focusing on completing tasks

An online briefing session to evaluate the implementation of finance-budget work in February 2023 and implement the plan for March 2023 was held by the Ministry of Finance on March 7, 2023.
Discussing digital solutions for public financial management

Discussing digital solutions for public financial management

VCN - On the morning of March 6, the conference "Government technology and public financial management" held by the International Monetary Fund (IMF) was officially launched.
State Treasury promotes digital convenience and facilitates customers

State Treasury promotes digital convenience and facilitates customers

VCN - Digital data in the process of state budget expenditure management is linked, ensuring efficiency and transparency.
Urgently prepare a scenario to apply principles of global minimum tax

Urgently prepare a scenario to apply principles of global minimum tax

Mrs. Huong Vu, General Director of Ernst & Young Vietnam, said that the Government needed specific and drastic action programs to implement the global minimum tax
Enterprises must comply with regulations to enjoy import and export tax incentives

Enterprises must comply with regulations to enjoy import and export tax incentives

VCN - According to Mr. Pham Tuan Anh, economic development requires an amendment to the list of goods classification for imports and exports.
Proposal to pay bond debts with other assets

Proposal to pay bond debts with other assets

VCN - A draft Decree amending, supplementing and suspending a number of provisions in the Decrees that regulate the offering and trading of individual corporate bonds (corporate bonds) in the domestic and international markets (formerly known as the Decre
Maximizing benefits from strict compliance with commitments on import and export tax incentives

Maximizing benefits from strict compliance with commitments on import and export tax incentives

VCN - Customs held a talk show “Take advantages of import and export tax incentives in FTAs to boost economic growth”.
Removing difficulties in implementation of e-invoices generated from cash registers

Removing difficulties in implementation of e-invoices generated from cash registers

VCN - The Tax sector will develop many technical solutions to help taxpayers easily make and receive electronic invoices generated from cash registers for some direct-to-consumer business sectors
State Treasury: Researching and piloting chain technology, AI into operation

State Treasury: Researching and piloting chain technology, AI into operation

Besides administrative reform and modernization of professional activities, the State Treasury continues to modernize information technology, forming the basic steps for digital transformation.
Expedite use of citizen identification number as tax code in 2023

Expedite use of citizen identification number as tax code in 2023

VCN - The General Department of Taxation has used two services to connect with the national population database of the Ministry of Public Security and actively analyzed and predicted tax registration data of taxpayers.
New decree on placement, trading of corporate bonds issued

New decree on placement, trading of corporate bonds issued

The Government has issued a decree on the amendment, supplementation and cancellation of some articles of decrees related to the private placement and trading of privately placed corporate bonds in the domestic market and offering of corporate bonds to the international market.
Impact and opportunity of global minimum tax

Impact and opportunity of global minimum tax

VCN - If the global minimum tax is applied, more than 1,000 businesses in Vietnam will be affected. Therefore, there is a need to develop a specific and appropriate plan to ensure Vietnam's tax levy rights as well as to attract foreign investment.
Banks cautious about profit targets for 2023

Banks cautious about profit targets for 2023

Commercial banks will hold annual general meetings of shareholders (AGM) next quarter to map out production and business plans for 2023.
Using Tax policy to regulate real estate market

Using Tax policy to regulate real estate market

VCN - In my opinion, the development of the Law on Real Estate Tax is consistent with international practices. Many countries in the world have built this law.
Which items are subject to an excise tax?

Which items are subject to an excise tax?

The Ministry of Finance proposes to apply excise tax on some products and services which are limited to use.
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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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