Tax debt tends to increase, the Finance sector recommends that localities take action

Tax debt tends to increase, the Finance sector recommends that localities take action

VCN - In the context that budget collection in 2024 continues to face many difficulties and challenges, the Finance sector has been requesting localities and revenue agencies to implement many solutions to enhance prevention of revenue loss and promote co
Increasing bad debt, many banks cut risk provisions

Increasing bad debt, many banks cut risk provisions

VCN - In the first quarter of 2024, the summary of financial statements of twenty eight banks listed on the market shows that the bad debt balance of twenty eight banks increased by 14.4% compared to the beginning of the year, contrary to the decreasing t
Ministry of Finance continues to propose series of economic support policies

Ministry of Finance continues to propose series of economic support policies

VCN - The economy is facing many difficulties. In that context, the Ministry of Finance has proposed a series of economic support policies to support businesses to recover and develop.
Central bank demands lending rate cuts, growth target to be met

Central bank demands lending rate cuts, growth target to be met

The State Bank of Vietnam (SBV) has demanded credit institutions to deliver a system-wide credit growth target of 5-6% by the end of the second quarter this year, and reduce lending rates by 1-2%.
Fiscal policy achieves many positive results

Fiscal policy achieves many positive results

VCN - The world's economic and political context changes very quickly, complexly, and unpredictably with many uncertainties, requiring flexible adaptation. In the country, the number of businesses withdrawing from the market increases year by year.
Modernize and meet the trend of digital transformation in accounting activities

Modernize and meet the trend of digital transformation in accounting activities

VCN - Accounting plays an important role in providing economic and financial information, inventory, and control of assets, capital, and funding of the State and economic units. Therefore, the work of modernizing and promoting digital transformation in ac
MoF complies with regulations in Law on Personal Income Tax

MoF complies with regulations in Law on Personal Income Tax

VCN - Minister of Finance Ho Duc Phoc said the socio-economic situation and state budget in 2023 and the first months of 2024 has achieved many positive results.
Measures taken to stabilise foreign exchange market: SBV Governor

Measures taken to stabilise foreign exchange market: SBV Governor

Measures taken to stabilise foreign exchange market: SBV Governor
Sustainable economic development from international cooperation in finance, accounting and auditing

Sustainable economic development from international cooperation in finance, accounting and auditing

VCN – The cooperation promotion among countries in the fields of finance, accounting and auditing not only improves the efficiency of financial management and resource sharing but also facilitate economic development, said by Deputy Minister of Finance Vo Thanh Hung.
Finance Ministries of Vietnam and Laos promote comprehensive cooperation

Finance Ministries of Vietnam and Laos promote comprehensive cooperation

VCN - At the meeting, Minister Ho Duc Phoc said that the traditional friendly relationship between the two countries’ increasingly develops.
Cashless payment develops rapidly in VN amid security concerns

Cashless payment develops rapidly in VN amid security concerns

At the end of last year, there were 182 million personal payment accounts in Việt Nam, with just over 87 per cent of adults owning payment accounts.
Disbursement of ODA funds has reached a very low rate, what solutions can

Disbursement of ODA funds has reached a very low rate, what solutions can 'accelerate' it?

VCN - A representative from the Ministry of Education and Training (MOET), which has a disbursement rate of 0% in the first five months of 2024, stated that in 2024, MOET was allocated 629 billion VND for the project to build technical infrastructure and
Strong digital transformation in tax management

Strong digital transformation in tax management

VCN - In the context of the Government's drastic direction in implementing the National Digital Transformation Program, building e-Government, digital Government, and digital economy, the Tax industry has made strong strides in digital transformation, cre
The State Treasury focuses on solutions to ensure revenue, expenditure and budget management

The State Treasury focuses on solutions to ensure revenue, expenditure and budget management

In the first months of 2024, the State Treasury (SBV) has actively implemented many solutions in state budget revenue and expenditure as well as flexible and safe management of the budget.
Minister of Finance: Efforts to increase revenue without affecting "health" of businesses

Minister of Finance: Efforts to increase revenue without affecting "health" of businesses

VCN - Minister of Finance Ho Duc Phoc stated that the Ministry of Finance has tried to find every solution to revenue without affecting the financial health and production and business of enterprises.
Banks to offer more shares to foreign investors

Banks to offer more shares to foreign investors

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.
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Prioritize resources and promptly supplement capital for policy credit

Prioritize resources and promptly supplement capital for policy credit

VCN - According to the VBSP, by the end of June, total policy credit capital rose 7.6% year-on-year to VND 372,723 billion, including entrusted capital from the local budget at VND46,929 billion, an increase of VND7,755 billion, accounting for 12.6%.
Measures suggested to boost startups’ access to capital

Measures suggested to boost startups’ access to capital

The recent vigorous growth of startups in Vietnam has attracted domestic and foreign investors, but insiders recommended more efforts be made to facilitate startups’ access to funding from investors so that they can live up to potential.
Inflationary pressure seen from monetary policy

Inflationary pressure seen from monetary policy

The economy went through the first half of the year, inflation is still under control and forecast to reach the target set by the National Assembly and the Government
Banks with the problem of promoting credit growth

Banks with the problem of promoting credit growth

It is estimated that by the end of June 2024, the economy's credit growth will reach nearly 4.5%. This number is still far from the yearly credit growth target of 14-15%.
Proposal to increase Special Consumption Tax on tobacco products

Proposal to increase Special Consumption Tax on tobacco products

According to experts, there cannot be a solution that fully ensures the benefits of both consumers, the state and businesses, but it is necessary to choose the most optimal option to achieve the initially set goals.
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