Central bank required to take urgent measures to stabilise gold market

Central bank required to take urgent measures to stabilise gold market

The Government has directed the State Bank of Vietnam (SBV) to urgently inspect and supervise to stabilise the gold market.
Revenue from casino contributes about VND9,000 billion to the State budget

Revenue from casino contributes about VND9,000 billion to the State budget

VCN - At the meeting, National Assembly delegate Dieu Huynh Sang (Binh Phuoc) said that curently 64 enterprises have operated lottery business, which is a conditional business.
Credit and access to credit: A problem for banks and businesses

Credit and access to credit: A problem for banks and businesses

VCN - Since the beginning of the year until now, the Prime Minister, the Government and the State Bank (SBV) have continuously issued instructions to promote credit, but the situation of banks having excess cash and businesses lacking capital is still a c
National brand to helps local businesses extend international reach

National brand to helps local businesses extend international reach

Building national brands is important to help local businesses engage deeply in the global value chains and establish reputation in the world’s market, experts have said.
Good management of public debt creates room to implement expansionary fiscal policy

Good management of public debt creates room to implement expansionary fiscal policy

VCN - Public debt safety indicators continue to be strictly controlled in the safe limit. With a lower debt level than the current ceiling rate, and a favorable debt structure, Vietnam has a lot of room to implement expansionary fiscal policy to allocate
Deposit interest rates forecast to hit bottom in Q1 2024

Deposit interest rates forecast to hit bottom in Q1 2024

Some private banks have recently started to inch up interest rates mainly for short terms of less than five months to 2.5-3.8 per cent per year to attract more depositors after the Lunar New Year.
Urging issuance of e-invoices in petroleum retail

Urging issuance of e-invoices in petroleum retail

VCN - The Government, the Prime Minister, the Ministry of Finance and other agencies have issued many instructions to implement electronic invoices on every sale at petroleum retail stores. Besides the achieved results, this work still has difficulties. T
Credit package of VND120 trillion: must be disbursed as soon as conditions are met

Credit package of VND120 trillion: must be disbursed as soon as conditions are met

Only 28 out of 63 provincial People's Committees have sent documents or announced the list of projects participating in the VND120 trillion credit package
Effectively implement the State

Effectively implement the State's credit capital investments to attract borrowers

VCN - According to regulations, Vietnam Development Bank (VDB) is a policy bank operating under the model of a one-member limited liability company with 100% charter capital held by the State and for non-profit purposes.
Foreign investors net sell strongly, VN-Index extends losses

Foreign investors net sell strongly, VN-Index extends losses

The VN-Index closed the week on a negative note, extending its corrections to the second day after soaring above 1,270 points on Wednesday.
Tax Industry actively supports during the peak month of tax settlement

Tax Industry actively supports during the peak month of tax settlement

VCN - According to direction of the General Department of Taxation, local Tax departments will gather arising problems of taxpayers to issue guidance documents, including the recommendation on errors that taxpayer have made in carrying out tax finalizatio
Vietnam’s stock market meets 7 of 9 criteria for upgrading the stock market

Vietnam’s stock market meets 7 of 9 criteria for upgrading the stock market

VCN - According to Ms. Pham Thi Thuy Linh - Deputy Director of the Market Development Department of the State Securities Commission, the Government issued Decision 1726/QD-CP on the Stock Market Development Strategy until 2030, with the goal of upgrading
Syndicated lending proposed to reduce impacts of loan limit policy

Syndicated lending proposed to reduce impacts of loan limit policy

A new regulation on reducing the loan limit under the amended Law on Credit Institutions will adversely affect capital supply for enterprises so commercial banks should cooperate in providing syndicated loans for businesses, experts said.
General Department of Taxation holds an online conference to support tax finalization in 2023

General Department of Taxation holds an online conference to support tax finalization in 2023

VCN - To support and guide taxpayers to perform tax finalization in 2023, and realize the goal of digital transformation, diversify forms of communication and support to taxpayers, on March 12, the General Department of Taxation organized an online Confer
MoF holds investment promotion conference themed “Vietnam - Investment Destination” in Japan

MoF holds investment promotion conference themed “Vietnam - Investment Destination” in Japan

VCN - The conference attracted representatives from more than 200 leading Japanese and Vietnamese financial institutions, banks, life insurance corporations, investment funds, securities companies, corporations and businesses.
Minister Ho Duc Phoc worked with Mizuho Bank

Minister Ho Duc Phoc worked with Mizuho Bank

VCN - Speaking at the meeting, Minister Ho Duc Phoc said that the purpose of this delegation's business trip is to contribute to realizing the goals of the Joint Declaration on the Comprehensive Strategic Partnership between Vietnam and Japan which was ju
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Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electr
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