Reducing VAT along with tax and fee supports helps stimulate demand, reduce costs, and increase profits
21/11/2023 17:30 Finance
VCN - According to the program of the 6th Session, Minister of Finance Ho Duc Phoc, authorized by the Prime Minister, presented a Proposal on reducing value added tax (VAT), with a proposal to continue implementing this policy in the first half of 2024.
Frozen IPO market makes it difficult to attract foreign capital
20/11/2023 20:43 Finance
The lack of initial public offerings (IPOs) from new market entrants makes it difficult for the securities market of Vietnam, which is dominated by banking stocks, to attract foreign capital.
Enhancing and streamlining of regular expenditure payment processes at the state treasury
20/11/2023 13:44 Finance
VCN - The State Treasury, aspiring to transition from an Electronic Treasury to a Digital Treasury, continues to explore and implement innovations and improvements to further amplify the efficiency of its services.
Public-private partnership needed for sustainable rice farming
19/11/2023 15:51 Finance
Attracting investment and public-private partnership (PPP) plays an important role in implementing the project of sustainable development of 1 million ha of low-emission high-quality rice production in the Mekong Delta to 2030, said insiders.
Strengthen supervision to boost the insurance market
19/11/2023 13:43 Finance
VCN - Given by stricter regulations for insurance business activities, Mr. Ngo Viet Trung, Director of the Department of Insurance Management and Supervision (Ministry of Finance), said that this will help the insurance market develop sustainably.
State Treasury requires ensuring IT system to serve year-end settlement
18/11/2023 09:08 Finance
VCN - The State Treasury (State Treasury) has just issued an official dispatch directing and guiding the State Treasury of provinces and centrally-run cities and the State Treasury Transaction Department to ensure the operation of the information technolo
The 30th APEC Finance Ministers' Conference was a great success
15:08 | 17/11/2023 Finance
VCN - As part of the 2023 APEC Finance Ministers' Process, the 30th APEC Finance Ministers' Conference was held in San Francisco, USA. Receiving the invitation of US Finance Minister Janet L. Yellen, Minister Ho Duc Phoc led the Vietnamese delegation of t
Repayment pressure on corporate bonds to peak next year
15:07 | 17/11/2023 Finance
Total corporate bonds set to mature in 2024 will reach 329.5 trillion VND (13.5 billion USD), the highest in three years, according to a report by the Ho Chi Minh City Real Estate Association (HoREA).
Minister of Finance Ho Duc Phoc chaired the Investment Promotion Conference in the US
10:52 | 17/11/2023 Finance
VCN - Speaking at the opening of the conference, Minister of Finance Ho Duc Phoc stated the positive signs in the Vietnamese macroeconomy, the Government's development policies, and the implementation of the socio-economic development strategy.
Vietnam's M&A attractive to foreign investors
15:20 | 16/11/2023 Finance
An influx of new capital from European and US firms into Vietnam has become noticeable, with the local mergers and acquisitions (M&A) market expected to maintain its attractiveness despite its relatively modest scale.
Enhancing the application of risk management in tax administration and preventing tax loss
09:51 | 16/11/2023 Finance
VCN - Recent developments show that some taxpayers, exploiting the leniency of mechanisms and policies, have established companies mainly for illegal activities such as buying and selling fake invoices.
Central bank ceases bill issue amid increasing interbank interest rates
15:00 | 14/11/2023 Finance
The State Bank of Vietnam (SBV) has ceased bill issue after nearly two months of using the channel to withdraw cash out of the banking system.
Digital transformation of Customs and Taxation brings many benefits
09:37 | 13/11/2023 Finance
VCN - Discussing at the 2023 Tax - Customs Forum, Dr. Can Van Luc said that the digital transformation of the Customs and Tax sectors has had very positive impacts on people and businesses, thereby creating new deep impression.
Tax sector’s revenue estimated at over VND 1.2 million billion
19:57 | 11/11/2023 Finance
VCN – The total revenue collected by the Tax sector in October reached VND 151,000 billion, meeting 11% of the estimate and 81.1% year-on-year, the General Department of Taxation released.
People and businesses highly appreciate the digital transformation of the Finance Sector
11:03 | 11/11/2023 Finance
VCN - For the past 7 consecutive years, the Ministry of Finance has always ranked first in the index of readiness for the development and application of information and communications technology (ICT Index).
Application of global minimum tax necessary: officials
16:13 | 10/11/2023 Finance
The National Assembly (NA) on November 10 listened to the proposal on a draft resolution on the imposition of top-up corporate income tax under the Global Anti-Base Erosion (GloBE) rules, and a verification report on this draft.
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Perfecting the legal framework to promote upgrading the stock market
08:18 | 26/07/2024 Finance
State Securities Commission has completed a draft circular amending 4 circulars regulating: stock trading on the system; clearing and settlement; operations of securities companies and information disclosure.
Margin loan continues hit new record
09:20 | 25/07/2024 Finance
The need to use leverage in the stock market is still very high, shown by the level of outstanding loans at securities companies continuing to increase sharply in the second quarter of 2024.
Vietnam needs comprehensive regulatory framework to attract green financing
14:11 | 24/07/2024 Finance
Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
2025 budget estimation must be practical, accurate and efficient
14:38 | 23/07/2024 Finance
VCN - Directing the 2025 state budget estimation, Minister of Finance Ho Duc Phoc emphasized that units must ensure that the 2025 budget estimation must be practical, accurate, efficient, and meet the requirements for performing professional and political
The corporate bond market will be more vibrant in the second half of the year
08:20 | 23/07/2024 Finance
VCN - In the first half of 2024, with bond maturity pressure continuing to increase, corporate bond issuance has shown many positive signs compared to the previous year. According to forecasts, businesses' need to borrow and issue corporate bonds will acc
