Measures suggested to guarantee corporate bond market’s stability

Measures suggested to guarantee corporate bond market’s stability

Several measures have been suggested at an online seminar held by the Government Portal on May 28 to help the corporate bond market maintain its stability and operate in line with law to aid economic growth.
Rescheduling debts, cancelling fines, late tax payments for more than 1 million people

Rescheduling debts, cancelling fines, late tax payments for more than 1 million people

VCN- The total amount of debt rescheduling, fine and late tax payment cancellation is more than VND 37,500 billion
Managing balance between exchange rate and inflation

Managing balance between exchange rate and inflation

VCN - Currently, foreign exchange rate fluctuations in Vietnam are assessed at an acceptable level, helping to increase foreign exchange reserves. With exchange rate stability, inflation control is also forecasted to have fiscal space to control according
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.
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SBV ready to intervene to stabilise foreign exchange rate: Deputy Governor

SBV ready to intervene to stabilise foreign exchange rate: Deputy Governor

The State Bank of Vietnam (VNA) will manage the exchange rate flexibly, adjusting in line with general trends while still ensuring macro-economic stability and foreign currency balance, said its Permanent Deputy Governor Dao Minh Tu.
Warn about the fraudulent tricks of stock investment

Warn about the fraudulent tricks of stock investment

VCN - The police discovered a situation where some scammers set up chat groups, impersonating "experts" to lure investors to join closed groups on social networks, install websites, apps and send money here to invest in securities to appropriate the victi
State budget revenue estimated at VND733.4 trillion

State budget revenue estimated at VND733.4 trillion

VCN - In the first four months of 2024, total state budget revenue is estimated at VND733.4 trillion, equal to 43.1% of the estimate and up 10.1% year-on-year.
Six localities should expedite site clearance and public investment

Six localities should expedite site clearance and public investment

VCN – Six provinces of Binh Thuan, Gia Lai, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh have disbursement rates lower than the average rate of the country in the first three months of the year, the Ministry of Finance reports.
Banks announce plans to significantly increase capital

Banks announce plans to significantly increase capital

Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen financial potential for credit and business expansion.
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