Efforts to bring Customs - Business partnership into practice Hanoi Customs discovered and seized 539kg of drugs in the first half of 2024 Vietnam well-positioned towards cashless society: UK newswire
Policy on security in online banking service provision drafted

Policy on security in online banking service provision drafted

26/06/2024 19:59 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"

Banks actively sell secured assets but still find it difficult to "close orders"

26/06/2024 10:42 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

Vietnam made good progress in reforming public financial management

26/06/2024 10:37 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

Banks are lifting deposit rates

25/06/2024 13:54 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.
Building a flexible mechanism and "reinforcing" administration for state-owned enterprises

Building a flexible mechanism and "reinforcing" administration for state-owned enterprises

25/06/2024 10:17 Finance

State-owned enterprises (SOEs) always need flexible and responsive operating mechanisms as well as adequate legal corridors to remove bottlenecks
Build a flexible mechanism and "reinforce" governance for state-owned enterprises

Build a flexible mechanism and "reinforce" governance for state-owned enterprises

25/06/2024 10:13 Finance

VCN - State-owned enterprises (SOEs) always need flexible and responsive operating mechanisms as well as adequate legal corridors to remove bottlenecks and free up resources for SOEs in socio-economic development
Policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

14:41 | 24/06/2024 Finance

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
Prime Minister to attend WEF meeting

Prime Minister to attend WEF meeting

20:36 | 23/06/2024 Finance

The 15th World Economic Forum (WEF) Annual Meeting of the New Champions will take place in Dalian City, Liaoning Province of China.
Criminal sanctions are not appropriate to the nature and level of the illegal purchase and sale of invoices

Criminal sanctions are not appropriate to the nature and level of the illegal purchase and sale of invoices

07:48 | 22/06/2024 Finance

The illegal buying and selling of invoices is becoming increasingly common, intending to deduct input value-added tax, reduce tax obligations, and legalize smuggled goods.
Banks estimate large extraordinary revenues from debt recovery

Banks estimate large extraordinary revenues from debt recovery

16:50 | 21/06/2024 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

Clarifying issue of exit ban for tax debt cases

13:43 | 21/06/2024 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

Proposing to empower the Minister of Finance to regulate application of 0% VAT on export goods

10:00 | 20/06/2024 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

Credit growth remains far from government’s target

14:17 | 19/06/2024 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

Completing site clearance and accelerating disbursement of public investment in key transportation projects

09:38 | 18/06/2024 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

Fed’s latest rate decision won't have significant impact on Việt Nam

18:26 | 16/06/2024 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

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.
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Vietnam well-positioned towards cashless society: UK newswire

Vietnam well-positioned towards cashless society: UK newswire

13:46 | 05/07/2024 Finance

Vietnam's digital payment ecosystem is undergoing a remarkable transformation, driven by a tech-savvy population, government initiatives, and innovative financial solutions, according to finextra.com, a leading UK newswire and information source for worldwide financial technology.
Vietnam continues efforts to control inflation

Vietnam continues efforts to control inflation

15:14 | 04/07/2024 Finance

Experts and scientists sought price management solutions, especially in the context that the minimum wage has increased since July 1, at a workshop in Hanoi on July 3.
Nearly 29.5 trillion VND worth of G-bonds raised in June

Nearly 29.5 trillion VND worth of G-bonds raised in June

15:10 | 04/07/2024 Finance

The Hanoi Stock Exchange (HNX) held 18 auctions of government bonds in June, raising nearly 29.5 trillion VND (over 1.15 billion USD) in June.
Banking stocks boost VN-Index to approach 1,270 points

Banking stocks boost VN-Index to approach 1,270 points

15:15 | 03/07/2024 Finance

The market’s breadth was positive, with gainers outnumbering losers by 227 to 88.
Domestic enterprises make imprints on real estate M&A market

Domestic enterprises make imprints on real estate M&A market

15:10 | 03/07/2024 Finance

The domestic real estate market has bottomed out and is gradually making a U-turn, promising a brighter outlook this year with mergers and acquisitions (M&A) bouncing back.
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