Five-month public investment disbursement reaches nearly 27% of target

Five-month public investment disbursement reaches nearly 27% of target

The disbursement of public investment from the State budget in the first five months of this year was estimated to reach 190.6 trillion VND (7.44 billion USD), equal to 26.6% of the yearly target and 5% higher than the same period last year, according to the General Statistics Office (GSO).
Credit growth quota policy needs to ensure safety of banking system

Credit growth quota policy needs to ensure safety of banking system

The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.
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.
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The impact of wage increases on inflation will not be too significant

The impact of wage increases on inflation will not be too significant

VCN - Addressing concerns related to wage and price increases, Dr. Nguyen Duc Do, Vice Director of the Institute of Economics - Finance (Finance Academy), believes there are not many factors causing sudden price surges in the last 6 months of 2024. Theref
Imposing and raising special consumption tax contributing to change consumption behavior

Imposing and raising special consumption tax contributing to change consumption behavior

Many experts and businesses contributed their opinions to clarify the importance and impact of the revised special consumption tax law
The local Finance sector is flexible and strict in managing budget revenues and expenditures

The local Finance sector is flexible and strict in managing budget revenues and expenditures

VCN - Speaking at the Conference to summarize financial and budget work in the first 6 months of the year, implementing tasks in the last 6 months of 2024 on July 15, Mr. Nguyen Xuan Sang, Deputy Director of Hanoi Finance Department said, Hanoi's budget r
Finance industry excellently accomplishes financial and budget tasks in the first half of 2024: Minister Ho Duc Phoc

Finance industry excellently accomplishes financial and budget tasks in the first half of 2024: Minister Ho Duc Phoc

VCN - Minister Ho Duc Phoc praised achievements in the first half of 2024 and affirmed that these are remarkable results, showing great efforts of all officials of the Finance industry, and the effective coordination of local governments.
Mobile Money users in Vietnam rise rapidly

Mobile Money users in Vietnam rise rapidly

The number of Mobile Money service users in Vietnam reached more than 8.8 million customers by the end of May, an increase of 3.3% over the same period last month.
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