"Creativity in revenue collection to achieve set goals in difficult contexts"

"Creativity in revenue collection to achieve set goals in difficult contexts"

The Ministry of Finance held an online briefing conference to evaluate the implementation of financial, budget and revenue collection work in April and deploy the work program for May 2024
Strive to effectively implement Global Minimum Tax in Vietnam

Strive to effectively implement Global Minimum Tax in Vietnam

VCN - The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and the International Tax and Investment Center (ITIC) held an international workshop themed “Pillar 2 Global Minimum Tax Implementation in Vietnam” on May 7.
State Treasury raises over $890 million  worth of G-bonds in April

State Treasury raises over $890 million worth of G-bonds in April

The State Treasury mobilised nearly VNĐ22.75 trillion (US$894.52 million) worth of Government bonds in April via 17 auctions on the Hanoi Stock Exchange (HNX).
State expenditure in the first four months of 2024 reaches VND522.2 trillion

State expenditure in the first four months of 2024 reaches VND522.2 trillion

VCN - The Ministry of Finance said that the total state expenditure in April is estimated at VND138.4 trillion. In the first 4 months of the year, the state expenditure increases
SBV ready to intervene to stabilise foreign exchange rate: Deputy Governor

SBV ready to intervene to stabilise foreign exchange rate: Deputy Governor

The State Bank of Vietnam (VNA) will manage the exchange rate flexibly, adjusting in line with general trends while still ensuring macro-economic stability and foreign currency balance, said its Permanent Deputy Governor Dao Minh Tu.
Warn about the fraudulent tricks of stock investment

Warn about the fraudulent tricks of stock investment

VCN - The police discovered a situation where some scammers set up chat groups, impersonating "experts" to lure investors to join closed groups on social networks, install websites, apps and send money here to invest in securities to appropriate the victi
State budget revenue estimated at VND733.4 trillion

State budget revenue estimated at VND733.4 trillion

VCN - In the first four months of 2024, total state budget revenue is estimated at VND733.4 trillion, equal to 43.1% of the estimate and up 10.1% year-on-year.
Six localities should expedite site clearance and public investment

Six localities should expedite site clearance and public investment

VCN – Six provinces of Binh Thuan, Gia Lai, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh have disbursement rates lower than the average rate of the country in the first three months of the year, the Ministry of Finance reports.
Banks announce plans to significantly increase capital

Banks announce plans to significantly increase capital

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

Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

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

Banks strengthen information security systems

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

“Opportune environment” for growth of insurance enterprises

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

Closely monitoring fluctuations to calculate the appropriate time to adjust prices

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.
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.
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Banks estimate large extraordinary revenues from debt recovery

Banks estimate large extraordinary revenues from debt recovery

Some banks, including MSB, Sacombank, VIB and Saigonbank, are expecting extraordinary revenues worth up to trillions of Vietnamese dong from debt recovery this year. In a recent report, Vietcombank Securities Company (VCBS) said Vietnam Maritime Commercial Joint Stock Bank (MSB) this year will record extraordinary income growth from bad debt recovery and capital divestment of its financial company TNEX Finance.
Clarifying issue of exit ban for tax debt cases

Clarifying issue of exit ban for tax debt cases

VCN - Sharing with the press about the issue of exit ban for tax debt cases, at the Press Conference Q2 of the Ministry of Finance, Deputy Director General of the General Department of Taxation Dang Ngoc Minh said that the exit ban mainly focuses on legal
Proposing to empower the Minister of Finance to regulate application of 0% VAT on export goods

Proposing to empower the Minister of Finance to regulate application of 0% VAT on export goods

VCN- According to Minister of Finance Ho Duc Phoc, the draft Law on Value Added Tax (VAT) (revised) helps solve problems arising during the implementation of the VAT Law and meets international tax reform trends.
Credit growth remains far from government’s target

Credit growth remains far from government’s target

Credit within the banking system to the end of May 2024 increased by only 2.41% against the end of 2023, far from the credit growth target, the Government reported.
Completing site clearance and accelerating disbursement of public investment in key transportation projects

Completing site clearance and accelerating disbursement of public investment in key transportation projects

VCN - By the end of April 2024, the total disbursed capital of nine important national projects in the transportation industry reached 17.6% of the assigned plan, reported by the Ministry of Finance.
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