Urgently revising Decree 123 to create maximum convenience for taxpayers

Urgently revising Decree 123 to create maximum convenience for taxpayers

VCN - Faced with the urgent requirement of drafting a Decree amending and supplementing Decree 123 to soon submit it to competent authorities for approval, the General Department of Taxation is actively reviewing the draft Decree amending and supplementi
State treasury undertakes comprehensive reforms to boost customer satisfaction

State treasury undertakes comprehensive reforms to boost customer satisfaction

VCN - The State Treasury of Vietnam reports that in 2023, it conducted two rounds of surveys assessing the satisfaction levels of individuals and organizations with its services.
The Taxation continues to digitally transform comprehensively

The Taxation continues to digitally transform comprehensively

VCN - In 2023, the Taxation marks a big step forward in the process of digitally transforming in tax management.
Fiscal policy - A pivotal milestone in promoting economic recovery and growth

Fiscal policy - A pivotal milestone in promoting economic recovery and growth

VCN - On the occasion of welcoming the Year of the Dragon 2024, Minister of Finance Hồ Đức Phớc shared with Customs Magazine about the outstanding results of the Finance sector in 2023 as well as the major orientations of the sector for 2024.
"Closing" 2023, public investment disbursement reached 93.12% of the assigned plan

"Closing" 2023, public investment disbursement reached 93.12% of the assigned plan

VCN - According to a report from the Ministry of Finance, the estimated payment for public investment capital of the whole country by the end of January 31, 2024 (the deadline for disbursement of the 2023 capital plan) reached 82.47% of the year plan and
Bad debt recovery faces many challenges in 2024

Bad debt recovery faces many challenges in 2024

The settlement of bad debts will face many difficulties this year as there are no legal regulations related to repossessing collateral assets, industry insiders said.
Regulating prices and controlling inflation in the "variables"

Regulating prices and controlling inflation in the "variables"

VCN - Unpredictable developments will certainly have a major impact on the price market as well as domestic inflation control in 2024. Therefore, successful results and solutions from 2023 will be a "pedestal" for 2024.
Disbursement of public funds in 2023 meets 93.12% of target

Disbursement of public funds in 2023 meets 93.12% of target

More than 662.59 trillion VND (27.14 billion USD) of public capital allocated for 2023 was disbursed as of January 31, fulfilling 93.12% of the Prime Minister’s assigned plan, according to the Ministry of Finance.
Deputy Minister of Finance Bui Van Khang appointed

Deputy Minister of Finance Bui Van Khang appointed

VCN - Minister of Finance Ho Duc Phoc awarded the Decision on appointment to Mr. Bui Van Khang – Vice Chairman of the People’s Committee of Quang Ninh province as Deputy Minister of Finance.
166 HCM City- based enterprises owe more than VND3,100 billion in tax

166 HCM City- based enterprises owe more than VND3,100 billion in tax

VCN - Topping in the list as Xuyen Viet Oil Transport and Tourism Trading Company Limited (tax code 0303830539) has tax debt of VND1,529 billion.
Vietnam should stay proactive to cope with inflationary pressures

Vietnam should stay proactive to cope with inflationary pressures

Although the average consumer price index (CPI) in 2023 increased by only 3.25% year-on-year and the January figure went up 0.31% over the previous month, meaning that inflation is under control, it is necessary for Vietnam to be vigilant against inflation, according to the Investment Review.
Managing electronic stamps for domestically produced cigarettes and alcohol products to prevent revenue loss

Managing electronic stamps for domestically produced cigarettes and alcohol products to prevent revenue loss

VCN - According to the General Department of Taxation, after nearly two years of implementation, the using of electronic stamps for domestically produced cigarettes and alcohol products has achieved important results. However, the management and use of el
Promote effective disbursement of public investment expenditure

Promote effective disbursement of public investment expenditure

VCN - In January, 2024, the State Treasury system continues to focus on disbursement of the plan 2023 to achieve the target of disbursing over 95% of the capital plan assigned by the Prime Minister.
Banks are facing new challenges in 2024

Banks are facing new challenges in 2024

VCN - Currently, banks are gradually revealing their business results for the whole year 2023. Among them, with the "big four" group of state-owned commercial banks, despite the difficult economic context, the results are recorded positive.
Financial policy promotes green economic development

Financial policy promotes green economic development

VCN - To realize the goal of reducing net emissions to zero by 2050 as committed at COP26, Vietnam is urgently concretizing this commitment before the international community. Regarding the Finance sector, recently, the Ministry of Finance has promoted th
Commercial banks to mainly focus on credit in 2024

Commercial banks to mainly focus on credit in 2024

Credit growth will be the main focus for the banking industry in 2024, as it closely relates to economic growth, according to analysts.
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Perfecting the legal framework to promote upgrading the stock market

Perfecting the legal framework to promote upgrading the stock market

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

Margin loan continues hit new record

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

Vietnam needs comprehensive regulatory framework to attract green financing

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

2025 budget estimation must be practical, accurate and efficient

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

The corporate bond market will be more vibrant in the second half of the year

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
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