Banks estimate large extraordinary revenues from debt recovery
21/06/2024 16:50 Finance
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
21/06/2024 13:43 Finance
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
20/06/2024 10:00 Finance
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
19/06/2024 14:17 Finance
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
18/06/2024 09:38 Finance
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.
Fed’s latest rate decision won't have significant impact on Việt Nam
16/06/2024 18:26 Finance
The dollar depreciation is also a good sign for Việt Nam’s import activities, with global raw material prices expected to decrease and inflationary fears for imports receding.
Enterprises expect the stock market to be upgraded by 2025
10:03 | 16/06/2024 Finance
Vietnam is in the final stages of completing the remaining criteria for the stock market to be upgraded to an emerging market after nearly 10 years of starting the stock market upgrade process.
Developing State budget estimates for 2025: carefully taking factors increasing, decreasing and shifting revenues into account
14:07 | 15/06/2024 Finance
VCN - The Ministry of Finance is developing a circular guiding the development of state budget estimates for 2025 and the 3-year state budget and financial plan for the 2025-2027 period; 5-year financial plan for the 2026-2030 period.
Ministry of Finance proposes seven solutions for combating tax evation for e-commerce
14:23 | 14/06/2024 Finance
Vietnam e-commerce will reach US$30.5 billion in 2035 hence according to Minister of Finance Ho Duc Phoc, it will pose challenges to the management of tax, quality of goods, and anti-fraud.
Banks are ready to deploy biometric authentication
10:54 | 14/06/2024 Finance
VCN - VPBank recommends that, to avoid transaction interruptions, customers proactively update their account information according to their chip-embedded citizen identification card before July 1.
Review the tax payment of sales livestream individuals
10:03 | 13/06/2024 Finance
The General Department of Taxation has just issued an official letter directing local tax departments to drastically manage e-commerce taxes and electronic invoices generated from cash registers.
13 cases subject to direct tax registration with Tax authority
10:01 | 13/06/2024 Finance
VCN - Notably, Article 4 of the draft Circular stipulates that taxpayers subject to direct tax registration with tax authorities include: taxpayers subject to tax registration through the interconnected single-window mechanism; Taxpayers subject to direct
Ministry of Finance: Focusing on improving independent audits
16:30 | 10/06/2024 Finance
According to Minister of Finance Ho Duc Phoc, in recent times, the Ministry of Finance has focused on improving the quality of independent audits through training, inspection, and examination.
Digitizing the process, banks actively lend online
21:56 | 09/06/2024 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
21:54 | 09/06/2024 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
20:32 | 08/06/2024 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.
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Central bank works to raise interbank rates and ease forex market
14:29 | 01/07/2024 Finance
The State Bank of Vietnam (SBV) has shortened terms and kept the interest rate of its bills unchanged to increase the attractiveness of the bill channel, which will help raise the interbank interest rates and reduce pressure on the USD/VND exchange rate.
Interest rate fluctuations in the world affect Vietnam's exports
10:11 | 01/07/2024 Finance
The recent interest rate cuts by the European Central Bank (ECB) and the Bank of Canada (BoC) are important moves that signal a broader trend of monetary easing among major central banks.
Ensure stability and prevent fluctuation in price levels
10:06 | 01/07/2024 Finance
VCN - On June 22, Prime Minister Pham Minh Chinh signed and issued Official Telegram No. 61/CD-TTg sending to Ministers, Heads of ministerial-level agencies, and agencies under the Government; Chairman of People's Committees of provinces and centrally run
Proposal for using over VND18,200 billion of public investment provision for 14 projects
09:41 | 30/06/2024 Finance
The Government submitted to the National Assembly for permission to use VND 18,220 billion in provisions from the central budget of the Medium-term Public Investment Plan 2021-2025 for 14 projects.
Ensuring safety for a cashless society
09:39 | 30/06/2024 Finance
VCN - As the rapid increase in online fraud in the field of non-cash payments, many new solutions are being thoroughly deployed by agencies, units, banks and businesses to ensure user safety and promote the development of non-cash payments.
