Vietnam hopes to have a breakthrough in investment from Japanese ODA capital
28/06/2024 13:39 Finance
Vietnam wanted to have a breakthrough in the process of investing ODA capital, focusing on large national projects.
Biometric authentication to play role in bank scam fight
27/06/2024 13:46 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
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"
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
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
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
10:17 | 25/06/2024 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
10:13 | 25/06/2024 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
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
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
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
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
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
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
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
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.
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Minister of Finance: continue to advise on promulgating fiscal policies to help economy recover and develop
15:15 | 08/07/2024 Finance
VCN - According to Minister of Finance Ho Duc Phoc, although implementing policies to reduce and extend taxes and fees will impact budget revenue, the Ministry has reviewed, evaluated and continued to promulgate a number of fiscal policies to support peop
Vietnam rises 11 places in budget transparency ranking
09:51 | 08/07/2024 Finance
The results of the Open Budget Survey 2023 (OBS 2023) have just been announced Vietnam's budget transparency ranking continues to be raised to 57 out of 125 countries, climbing 11 places
Total budget revenue in first half of year reaches 60% of estimate
16:29 | 07/07/2024 Finance
VCN - According to the Ministry of Finance, total state budget revenue in the first six months of the year was quite good and grew over the same period last year. This results in effective implementation of tax laws and state budget collection tasks, reve
Adding goods item subjected to special consumption tax
09:34 | 07/07/2024 Finance
According to Ministry of Finance, one of the purposes of amending Law on Special Consumption Tax is to perfect regulations on special consumption tax policy to expand the collection base and ensure transparency
The "compass" for policy credit
10:16 | 06/07/2024 Finance
VCN - Directive No. 40-CT/TW issued on November 22, 2014, by the Central Committee of the 11th Party Congress, focusing on enhancing the Party's leadership over social policy credit, is recognized as a sound policy by both the Party and the State, becomin
