Banks lower deposit interest rates to COVID-19 levels

Banks lower deposit interest rates to COVID-19 levels

Two more State-run commercial banks, Vietinbank and BIDV, on September 19 lowered their deposit interest rates matching the lowest level recorded during the COVID-19 pandemic.
Many real estate enterprises to be inspected by tax agency

Many real estate enterprises to be inspected by tax agency

VCN - The General Department of Taxation has just issued a decision approving the specialized inspection plan for 2023. According to the list of businesses attached to this decision, there are 42 enterprises in many industries under the management of eigh
MoF deploys 6 key tasks in economic diplomacy work

MoF deploys 6 key tasks in economic diplomacy work

VCN - The Ministry of Finance has just issued Decision No. 1934/QD-BTC approving the Action Plan to implement Resolution No. 21/NQ-CP promulgating the Government's Action Program for the period 2022 - 2026 to implement the Directive No. 15-CT/TW of the Se
Capital questions for the import-export sector

Capital questions for the import-export sector

VCN - Despite current obstacles, Vietnam's import-export turnover is increasing rapidly and approaching 200% of GDP.
Financial policies effectively impact all aspects of economy

Financial policies effectively impact all aspects of economy

VCN - Dr Le Duy Binh, CEO of Economica Vietnam, spoke to Customs Magazine about the impact of financial policies to support businesses and people from the beginning of the year.
Ministry of Finance answers voters about on-the-spot imported goods for export production

Ministry of Finance answers voters about on-the-spot imported goods for export production

VCN - According to the Ministry of Finance, imported goods for processing and imported goods for export production have differences in ownership.
MoF abolishes 33 procedures and issues three new ones

MoF abolishes 33 procedures and issues three new ones

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

Government bond’s transaction value increased more than 11% compared to July

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

The capital challenge for the import-export sector

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

Minister Ho Duc Phoc: The Finance sector focuses on completing financial and budgetary tasks

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

Green credit balance accounts for about 4.2% of total: Central bank

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

State Treasury requests solutions to speed up the disbursement of public investment

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

Cashless payments in e-commerce to account for 50% by 2025

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

Creating favourable conditions for enterprises to borrow foreign capital

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

A series of fiscal policies promote efficiency

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

Banks join in promoting green credit

Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
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Flexibly adjust financial policies to effectively mobilize and allocate resources for socio-economic development

Flexibly adjust financial policies to effectively mobilize and allocate resources for socio-economic development

VCN - Vietnam Financial Forum 2023 with the theme "Financial policies to overcome challenges towards sustainable development" is jointly held by the Ministry of Finance and the German Agency for International Cooperation (GIZ), the European Union (EU), Ge
Many information channels to listen to clients

Many information channels to listen to clients' opinions about the State Treasury

VCN - According to information from the State Treasury, in order to promptly capture information and improve the quality of clients’ service transactions, the State Treasury has diversified information channels.
122 foreign corporations investing in Vietnam have to pay Global minimum tax

122 foreign corporations investing in Vietnam have to pay Global minimum tax

VCN - The Resolution regulates the minimum tax rate specified of 15%.
Issuing resolution on global minimum tax to proactive international integration

Issuing resolution on global minimum tax to proactive international integration

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

Transactions worth from 400 million VND must be reported to state bank from Dec 1

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.
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