Loan interest decreased due to lower deposit interest rates

Loan interest decreased due to lower deposit interest rates

VCN - According to information from the State Bank (SBV), from March 6, four state-owned commercial banks (Vietcombank, BIDV, VietinBank, and Agribank) decreased by 0.2%/year, commercial joint stock banks decreased by 0.5%/year compared to the interest ra
Time for tax settlement for 2022

Time for tax settlement for 2022

VCN - The tax sector has prepared technology infrastructure and enhanced online support to help taxpayers conveniently fulfill their obligations to the State budget.
Creating a breakthrough in disbursement of public investment capital

Creating a breakthrough in disbursement of public investment capital

VCN – In order for the public investment disbursement rate in 2023 to reach the set target, from the first months of the year, many fundamental and feasible solutions have been taken to remove problems in this work.
Vietnam, China boost cooperation in SOE reform, development

Vietnam, China boost cooperation in SOE reform, development

Vietnam’s Committee for Management of State Capital at Enterprises (CMSC) and the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) held a conference on reform and development of State-owned enterprises (SOEs) in Beijing on March 18.
Improving organizational structure and capacity building to implement the State Treasury Development Strategy to 2030

Improving organizational structure and capacity building to implement the State Treasury Development Strategy to 2030

VCN - The State Treasury system has achieved encouraging achievements in streamlining the organizational structure in association with the reform of administrative procedures to ensure strict management and meet the customers' needs.
Central bank must keep a close on financial market: WB

Central bank must keep a close on financial market: WB

The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB).
MoF proposes to expand tax base

MoF proposes to expand tax base

VCN - According to the MoF, the Ministry will amend and supplement regulations in Article 5 to narrow the entities not subject to VAT; revise Article 8 of the Law on VAT to narrow the 5% taxable entities.
State Treasury flexible in managing volume of government bond issuance in 2023

State Treasury flexible in managing volume of government bond issuance in 2023

VCN - In 2023, the State Treasury will closely monitor market developments, central budget collection, plan to repay due principal and capability of public investment disbursement to appropriately manage the volume of government bond issuance.
Securities companies set different targets for 2023

Securities companies set different targets for 2023

Although 2023 is forecast to be a difficult year, many securities companies still set a target of positive profit growth in 2023, besides some others adopting more prudent plans.
Which items are subject to excise tax?

Which items are subject to excise tax?

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