Foreign investors

Foreign investors' net selling exceeds 2.3 billion USD since 2023

Foreign investors have net sold Vietnamese stocks on HoSE with a value of 58 trillion VND (over 2.3 billion USD) since the beginning of 2023, indicating a prevailing trend of net selling in the Vietnamese stock market.
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
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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.
Foreign service providers have paid VND4,039 billion of tax in the first half of 2024

Foreign service providers have paid VND4,039 billion of tax in the first half of 2024

In the first six months of 2024, there are 26 foreign service providers newly registered, declared and paid tax in Vietnam.
Continue to warn about forms of fraud against taxpayers

Continue to warn about forms of fraud against taxpayers

General Department of Taxation has issued directives to strengthen individual income tax management and provide warnings and preventive measures to protect themselves from fraudulent activities
Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

VCN - Banks and insurance businesses have different understandings of the regulations in the Law on Credit Institutions 2024.
Corporate bond issuance soars in comparison to 2023

Corporate bond issuance soars in comparison to 2023

According to the Ministry of Finance, from the beginning of the year to June 21, 2024, 41 enterprises have issued private corporate bonds with a total value of VND 110.2 trillion.
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