Implementing unprecedented fiscal policies to actively support people and businesses
17/04/2024 16:25 Finance
VCN - Implementing fiscal policies to support the economy, the Ministry of Finance has advised and offered many unprecedented solutions to reduce taxes, fees and charges, thereby supporting people and businesses to overcome difficulties, restore productio
Foreign investors net sell in Vietnamese market, banking sector attracts interest
17/04/2024 16:13 Finance
According to BSC, foreign investors sold a net total of VNĐ11.55 trillion across all three exchanges in the first three months of 2024, equivalent to 50.62 per cent of the total net selling value in 2023. The selling pressure came from active funds and ETFs, resulting in a continued net withdrawal state and exerting pressure on the market.
Banks record positive business indicators in Q1 2024
16/04/2024 14:20 Finance
According to experts, the prosperity of the banking industry in the period came from many supporting factors, including favourable policies to credit growth.
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
16/04/2024 10:00 Finance
VCN - According to the report from the Ministry of Finance, the cumulative state budget revenue in the first quarter of 2024 reached 539.5 trillion VND, equal to 31.7% of the estimate, an increase of 9.8% compared to the same period in 2023.
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
10:50 | 15/04/2024 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
17:58 | 14/04/2024 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
17:07 | 14/04/2024 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
17:05 | 14/04/2024 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.
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Banks announce plans to significantly increase capital
15:11 | 04/05/2024 Finance
Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen financial potential for credit and business expansion.
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance
VCN - In the financial sector, recently, Vietnam and Japan have effectively and closely cooperated in sectors such as ODA, tax, customs, securities and insurance.
Banks strengthen information security systems
14:55 | 03/05/2024 Finance
Banks often face attacks from high-tech criminals to steal customer data to conduct property appropriation fraud. Therefore, banks must strengthen defence measures to ensure safety and security in their systems.
“Opportune environment” for growth of insurance enterprises
10:15 | 03/05/2024 Finance
VCN - According to the Ministry of Finance, in the first quarter of 2024, total assets of insurance enterprises are estimated to reach VND 934.8 trillion, an increase of 11%; Investment back into the economy is estimated at VND 7,776.5 trillion, an increa
Closely monitoring fluctuations to calculate the appropriate time to adjust prices
15:35 | 02/05/2024 Finance
According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management needs to ensure inflation control.