MoF plans to supervise law enforcement in key  and interdisciplinary areas

MoF plans to supervise law enforcement in key and interdisciplinary areas

VCN - The Plan aims to comprehensively implement Government's Decree No. 59/2012/ND-CP regulations and Decree No. 32/2020/ND-CP, amending and supplementing some articles of the Government's Decree No. 59/2012/ND-CP.
Country saves nearly VND54,000 billion

Country saves nearly VND54,000 billion

VCN - Minister of Finance Ho Duc Phuc said that in 2022, despite many difficulties and challenges in the domestic and international context, implementing tasks and solutions to practice saving and prevent wasting in 2022 has achieved many positive results
Dozens of commercial banks cut savings interest rates

Dozens of commercial banks cut savings interest rates

Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.
Review and amend the Law on Personal Income Tax in tandem with international practices

Review and amend the Law on Personal Income Tax in tandem with international practices

VCN - Voters in Da Nang proposed the Ministry of Finance to advise the Government to submit to the National Assembly for amendment of the Law on Personal Income Tax to increase the level of family circumstance-based deduction for taxpayer’s dependents.
State Treasury improves customer service quality

State Treasury improves customer service quality

VCN - The State Treasury (State Treasury) is surveying to assess the satisfaction level of individuals and organizations with the service of the State Treasury.From the survey results, the State Treasury will capture the evaluation opinions of organizatio
Understanding commitments to make effective use of tariff preferences to implement FTAs

Understanding commitments to make effective use of tariff preferences to implement FTAs

VCN - Workshop on Effective implementation of commitments on preferential export tax and special preferential import tax of Vietnam in implementing free trade agreements (FTAs) has just been held by the Department of International Cooperation (Ministry of
Master skill of classification and code identification to minimize risks

Master skill of classification and code identification to minimize risks

VCN - According to the Vietnam Customs School, classification and HS code identification are always a problem for businesses. Therefore, the Vietnam Customs School organizes training on issues businesses need to know to master the skills of classification
Attract foreign capital into the stock market

Attract foreign capital into the stock market

VCN - The continuous raising of interest rates by US Federal Reserve System (FED), making the rate rise to the highest level since the global crisis in 2008, has caused global capital flows to be unstable when costs increase.
State Bank explains why lending interest rates are still high

State Bank explains why lending interest rates are still high

VCN - Information on the management of monetary policy and new interest rates announced by the State Bank of Vietnam said that, based on the management and direction of the State Bank, up to now, the interest rate level has been stable, new interest rates
Utilize benefits from compliance with commitments on import and export duties

Utilize benefits from compliance with commitments on import and export duties

VCN - The Decrees are consistent with the guidelines and policies of the Party, constitutionality and legality; ensure consistency in the legal system and are in line with international treaties to which Vietnam is a member.
Proposing not to reduce VAT for all goods and services

Proposing not to reduce VAT for all goods and services

VCN - Receiving comments from the Standing Committee of the National Assembly at the meeting on May 13, the Government has just submitted a report to the National Assembly on continuing to implement the value-added tax reduction policy (VAT) of 2% accordi
Overspending in 2022 drops but still ensures payment for economic recovery program

Overspending in 2022 drops but still ensures payment for economic recovery program

VCN - In 2022 and the first months of 2023, fiscal policies have been operated proactively and flexibly, helping remove many difficulties for businesses and people. In which, the overspending decreased compared to the estimate and report but still ensured
Identify risks and provide solutions in state revenue management

Identify risks and provide solutions in state revenue management

VCN - The total tax revenue in the first four months of the year was estimated at VND578,035 billion, meeting 42.1% compared with the estimate and 100.7% compared with the year 2022.
Banking sector invests big in digital transformation

Banking sector invests big in digital transformation

Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).
The Ministry of Finance focuses on effectively implementing core information systems

The Ministry of Finance focuses on effectively implementing core information systems

VCN - With the view of taking people's satisfaction, businesses are a measure of service quality assessment to direct the implementation of many reform and modernization activities, the Ministry of Finance and the digital economy have synchronously deploy
Positive signals in price management

Positive signals in price management

VCN - Average CPI in the first four months of 2023 increased by 3.84% year-on-year; core inflation increased by 4.9%, higher than the average CPI.
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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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