IASB recommends Vietnam prepare infrastructure to apply IFRS
16/04/2024 09:57 Finance
VCN - Applying “International Financial Reporting Standards (IFRS) will help businesses improve the quality of financial reporting and enhance the quality of explanation, but there are still many difficulties in transformation.
Strong decentralization for ministries, branches and localities to manage and use electricity projects
15/04/2024 10:50 Finance
The Ministry of Finance has submitted to the Government to promulgate Decree No. 02. /2024/ND-CP on transferring power projects as public assets to Vietnam Electricity Group (EVN).
The Tax sector’s revenue collection reached 33% of current appropriation
15/04/2024 10:50 Finance
In the first quarter of the year, total revenue managed by Tax agency was estimated at VND490,196 billion, equal to 116.9% of the current appropriation in the first quarter,
Savings interest rates begin rising amid slowing bank deposits
14/04/2024 17:58 Finance
While some commercial banks continue lowering deposit interest rates, others are increasing the rates, particularly for term deposits of 12 months or longer.
Ministry of Finance conducts general verification of public assets
14/04/2024 17:07 Finance
The Ministry of Finance issued Decision No.798/QĐ-BTC on the plan for implementing general verification of public assets at agencies, organizations, and units
Removing bottlenecks to develop the green bond market
14/04/2024 17:05 Finance
VCN - To achieve green growth goals, Vietnam needs huge resources. According to estimates by the Asian Development Bank (ADB), this resource is about US$368 billion for the entire period to 2040, equivalent to US$20 billion per year.
Improving legal framework, ensuring accessibility to green bonds
15:42 | 13/04/2024 Finance
VCN - This is the recommendation of Mr. Nguyen Tung Anh (photo), Head of Credit Risk Research and Sustainable Financial Services (FiinRatings) in an interview with Customs Magazine reporters about green bond market development in Viet Nam.
Foreign experts discuss ways to help Vietnam upgrade stock market
15:37 | 13/04/2024 Finance
Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong has held a working session with representatives from FTSE Russell and Morgan Stanley to discuss how to upgrade the Vietnamese stock market.
Ambitious profit goals of banks
10:32 | 13/04/2024 Finance
VCN - Setting the target of a sharp increase in profit is VPBank. According to the draft 2024submitted to the General Meeting of Shareholders, VPBank targets consolidated pre-tax profit in 2024 to increase by 114% compared to 2023, equivalent to VND 23,16
PM demands strengthened gold market management
13:55 | 12/04/2024 Finance
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter
09:55 | 12/04/2024 Finance
The Ministry of Finance said that the total balance of budget expenditure in March was estimated at VND140.3 trillion
Inflationary pressure stems from commodity price fluctuations
09:54 | 12/04/2024 Finance
VCN - According to the Ministry of Finance, prices of essential goods are relatively stable in March 2024 because the supply is still quite abundant while demand is not high.
SMEs offered loans at preferential rates of 1.2-4.4%
14:26 | 11/04/2024 Finance
To create additional capital mobilisation channels for small- and medium-sized enterprises (SMEs), Vietnam’s Small- and Medium-sized Enterprise Development Fund under the Ministry of Planning and Investment is offering SMEs loans at preferential interest rates of 1.2-4.4% per year.
Public investment disbursement needs to be accelerated to boost growth: insiders
15:04 | 09/04/2024 Finance
Public investment is currently still an important growth driver, which needs to be accelerated so as to help the economy achieve a 6.5% growth this year, according to insiders.
Banks seek to attract foreign capital
10:50 | 09/04/2024 Finance
VCN - During the investor conference in February 2024, organized by HDBank, a spokesperson for the bank stated that the approval of the strategy to establish a representative office in Seoul (South Korea) is integral to the bank's efforts to broaden inter
Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation
10:49 | 09/04/2024 Finance
In the first 3 months of 2024, total revenue collection is estimated to reach VND539.5 trillion, equal to 31.7% of current appropriation, an increase of 9.8% over the same period in 2023
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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
