Digitizing the process, banks actively lend online
09/06/2024 21:56 Finance
VCN - Many banks promote online lending to save time and costs for both parties and creating conditions to promote credit growth.
The finance sector's firm stance on combating tax evasion in e-commerce
09/06/2024 21:54 Finance
Minister of Finance Ho Duc Phoc stated that in the coming period, the finance sector would rigorously enforce tax collection on e-commerce to ensure fairness in the fulfillment of taxpayers' obligations.
Total State revenue managed by Tax sector is estimated at VND767,415 billion
08/06/2024 20:32 Finance
VCN - On June 5, the General Department of Taxation held a meeting to evaluate task performance and deploying work plans in June chaired by Director General Mai Xuan Thanh.
Tax sector cooperate with Police agency to prevent fraud of tax invoice
07/06/2024 14:19 Finance
The acts of law violation on electronic tax invoices took place complicatedly with many different tricks. To prevent fraud, the tax sector has applied several drastic measures.
Over 4.49 billion USD raised through G-bond auctions in five months
06/06/2024 17:14 Finance
The State Treasury mobilised more than 127 trillion VND (4.49 billion USD) from G-bond auctions on the Hanoi Stock Exchange (HNX), or 31.76% of the annual plan.
Five-month budget revenue reached half of the whole year 2024 revenue estimate
06/06/2024 11:50 Finance
VCN - According to the Ministry of Finance, in May 2024, total state budget revenue is estimated to reach VND150.9 trillion. In the first five months of 2024, total budget revenue is estimated to reach VND898.4 trillion, equal to 52.8 percent of the estim
Bank savings of individual customers recover while institutional savings decline
18:30 | 05/06/2024 Finance
Deposits of individual customers at banks have increased again since February this year, after declining in January, the latest statistics from the State Bank of Vietnam (SBV) showed.
Foreign investors' net selling exceeds 2.3 billion USD since 2023
16:03 | 04/06/2024 Finance
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
16:36 | 03/06/2024 Finance
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
15:15 | 03/06/2024 Finance
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
09:52 | 03/06/2024 Finance
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
09:08 | 02/06/2024 Finance
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
09:06 | 02/06/2024 Finance
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
21:11 | 01/06/2024 Finance
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
08:49 | 01/06/2024 Finance
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
09:41 | 31/05/2024 Finance
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
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Biometric authentication to play role in bank scam fight
13:46 | 27/06/2024 Finance
It is an urgent need to strengthen security for online transactions amidst burgeoning cashless payments, an official from the central bank has said, referring to biometric authentication to be mandatory from July 1.
Policy on security in online banking service provision drafted
19:59 | 26/06/2024 Finance
The State Bank of Vietnam (SBV) has finalised a draft circular on safety and security in providing online services in the banking industry.
Banks actively sell secured assets but still find it difficult to "close orders"
10:42 | 26/06/2024 Finance
VCN - A problem that has been reflected in the past few years is the "sluggish" banks' ability to sell mortgaged assets to handle bad debts, whether real estate, machinery, cars, or even gold.
Vietnam made good progress in reforming public financial management
10:37 | 26/06/2024 Finance
Vietnam has made many efforts in reforming public financial management in the past 10 years and has made good, quite comprehensive progress
Banks are lifting deposit rates
13:54 | 25/06/2024 Finance
Private commercial banks have been lifting their deposit rates this month to attract capital and notably, some of them have increased their rates more than twice.
