MoF abolishes 33 procedures and issues three new ones
15/09/2023 10:11 Finance
VCN – Regarding the implementation of administrative reform and control of administrative procedures, the Ministry of Finance said, in terms of building and implementing an administrative reform plan, the Ministry of Finance has carried out 125/150 tasks
Government bond’s transaction value increased more than 11% compared to July
14/09/2023 07:47 Finance
VCN - In August, 10-year and 15-year tenors won the bid with the largest proportion, 39.02% and 43.61%, respectively. Notably, the 5-year government bond deposit interest rate of the State Treasury tended to fall slightly over the sessions, with a decreas
The capital challenge for the import-export sector
13/09/2023 13:37 Finance
VCN - Despite the ongoing challenges, Vietnam's import-export turnover has increased rapidly and reached 200% of GDP.
Minister Ho Duc Phoc: The Finance sector focuses on completing financial and budgetary tasks
12/09/2023 10:11 Finance
VCN - Reporting at the General Department of Customs, Mr Nguyen Van Can, Director General of the General Department of Customs, said that the state budget revenue of the Customs sector in 8 months is consistent with the context that import and export turn
Green credit balance accounts for about 4.2% of total: Central bank
11/09/2023 15:05 Finance
Vietnam’s green credit balance accounted for about 4.2% of the economy’s total credit balance by June 30, 2023, according to the State Bank of Vietnam (SBV).
State Treasury requests solutions to speed up the disbursement of public investment
11/09/2023 09:57 Finance
VCN - The State Treasury has requested its units to propose specific and practical solutions to speed up the disbursement of public investment in the last months of 2023
Cashless payments in e-commerce to account for 50% by 2025
19:39 | 10/09/2023 Finance
The Ministry of Industry and Trade (MoIT) has set a target to increase the cashless payment ratio in e-commerce, especially e-payments through payment intermediaries or applications, to 50% by 2025.
Creating favourable conditions for enterprises to borrow foreign capital
14:50 | 10/09/2023 Finance
VCN - In 2014, Circular 12/2014/TT-NHNN on conditions for foreign loans of enterprises not guaranteed by the Government (Circular 12) of the State Bank (SBV) was implemented.
A series of fiscal policies promote efficiency
12:08 | 09/09/2023 Finance
VCN - The Finance sector has implemented solutions on taxes, fees, charges and land rent to support enterprises, thereby contributing to the economy's achievements. According to calculation, these support package in 2023 is about VND 200 trillion.
Banks join in promoting green credit
16:25 | 06/09/2023 Finance
Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
SOEs help stabilise macro-economy
16:21 | 06/09/2023 Finance
With various drastic and flexible measures taken to boost production, business and investment activities and carry out assigned political tasks, 19 groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) have posted significant growth, contributing to maintaining macro-economic stability, a CMSC representative has said.
Reviewing the handling of arranged assets, headquarters of agencies and administrative units
15:42 | 06/09/2023 Finance
VCN - The Prime Minister requested to review the handling of assets and working offices of agencies and organizations in administrative units arranged from 2019 to 2021.
Thai bank considers buying Home Credit Vietnam
18:08 | 04/09/2023 Finance
Thailand’s Kasikornbank (KBank) is exploring an acquisition deal with Home Credit Vietnam as part of its ASEAN business expansion.
Mobilizing resources for policy credit
12:35 | 04/09/2023 Finance
VCN - Policy credit and commercial credit are two financial channels that help promote economic growth and ensure social security. In particular, policy credit is one of the "pillars" in the system of poverty reduction policies.
Financial constraints keep HCM City businesses in tax debts
18:56 | 03/09/2023 Finance
Financial constraints and liquidity issues are keeping a number of businesses in Ho Chi Minh City, particularly those operating in the real estate sector, in significant tax debts.
Insurance is no longer a "goose that lays golden eggs" for banks
11:32 | 03/09/2023 Finance
VCN - According to statistics in the financial statements of the 2nd quarter and the first 6 months 2023 of 28 banks, only 8 banks detailed their revenue from insurance activities, of which 7 banks recorded negative growth, the only bank with positive gro
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122 foreign corporations investing in Vietnam have to pay Global minimum tax
10:26 | 03/12/2023 Finance
VCN - The Resolution regulates the minimum tax rate specified of 15%.
Issuing resolution on global minimum tax to proactive international integration
10:51 | 02/12/2023 Finance
VCN - The National Assembly officially passed a Resolution on applying additional corporate income tax (CIT) according to global anti-base erosion rules. Many experts and National Assembly (NA) delegates agree with Vietnam’s application of the global mini
Transactions worth from 400 million VND must be reported to state bank from Dec 1
14:34 | 01/12/2023 Finance
Transactions with a value of 400 million VND (16,520 USD) or more must be reported to the State Bank of Vietnam (SBV) from December 1, according to a new decision issued by the Prime Minister.
Continue to improve policy mechanisms to develop the corporate bond market
13:47 | 01/12/2023 Finance
VCN - According to reports from units, after the incident of SCB Bank and Van Thinh Phat Group, the corporate bond market fluctuated strongly, investors lost confidence and required businesses to buy back bonds before maturity, businesses have difficulty
The Tax industry has comprehensive digital transformation
11:08 | 29/11/2023 Finance
VCN - The application of information technology (IT) over the past 30 years has contributed to building a modern Tax industry that operates effectively, efficiently and successfully implements programs and plans to reform administrative procedures, recogn
