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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Enterprises expect easier access to credit

Enterprises expect easier access to credit

Enterprises expected access to banking credit to be made easier to quench their thirst for capital during the process of recovering production and business.
Digital transformation in the Financial sector as formidable task, requiring high determination and great effort

Digital transformation in the Financial sector as formidable task, requiring high determination and great effort

VCN - The workshop has been an annual activity jointly held by the Department of Financial Informatics and Statistics and the Institute of Financial Strategy and Policy to create forum for discussion between managers, financial-budgetary policymakers and
Vietnam - Canada promote financial policy dialogue mechanism

Vietnam - Canada promote financial policy dialogue mechanism

VCN - On the side of the Ministry of Finance of Vietnam, attending the Conference were Ms. Hoang Dieu Linh, Deputy Director of the Department of International Cooperation; Mr. Nguyen Minh Tan, Deputy Director of the State Budget Department.
MoF sets target of ensuring 100% of businesses to be received legal support

MoF sets target of ensuring 100% of businesses to be received legal support

VCN – Decision No.1949/QD-BTC on the implementation plan of the project on “Improving the quality and efficiency of legal support for businesses in period 2023-2030” has been issued by the Ministry of Finance.
BIS pledges support for Vietnam in banking infrastructure development, digital transformation

BIS pledges support for Vietnam in banking infrastructure development, digital transformation

The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens.
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