Corporate bond issuance surges in March after prolonged inactivity

Corporate bond issuance surges in March after prolonged inactivity

The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance.
Expectations to boost the corporate bond market

Expectations to boost the corporate bond market

VCN - The corporate bond market is expected to be opened up after Decree 08/2023/ND-CP amends, supplements and ceases the effect of a number of articles in the issued decrees regulating the offering and trading of privately issued corporate bonds. New reg
Additional assignment and adjustment of the medium-term public investment plan for the period of 2021-2025

Additional assignment and adjustment of the medium-term public investment plan for the period of 2021-2025

Deputy Prime Minister Le Minh Khai signed Decision 215/QD-TTg on additional assignment and adjustment of the medium-term public investment plan with central budget capital in the 2021-2025 period for projects of internal ministries, and central and local
Vietnam joins Multilateral Convention to tackle tax evasion and avoidance

Vietnam joins Multilateral Convention to tackle tax evasion and avoidance

The Organisation for Economic Cooperation and Development (OECD) and Vietnam on March 22 signed the world’s most wide-reaching international treaty for multilateral tax cooperation, the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC), bringing the total number of jurisdictions that participate in the convention to 147.
The bankruptcy of some American banks cannot create a financial crisis

The bankruptcy of some American banks cannot create a financial crisis

The recent collapse of several small and medium-sized US banks has raised concerns about the possibility of a financial crisis.
Mr. Hoang Van Thu appointed as Vice Chairman of Securities Commission

Mr. Hoang Van Thu appointed as Vice Chairman of Securities Commission

VCN – On the afternoon of March 20, 2023, the State Securities Commission (SSC) held a ceremony at the headquarters, to announce the decision of the Minister of Finance to appoint Mr Hoang Van Thu Deputy Director of the Department of Corporate Finance (
HCM City set an objective of 100% of e-invoices from cash registers

HCM City set an objective of 100% of e-invoices from cash registers

The People's Committee of Ho Chi Minh City issued a document directing affiliated departments, branches and localities to focus on implementing solutions to ensure 100% of e-invoices initialized from cash registers
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.
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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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