MoF publishes disbursement key projects in the Transport sector

MoF publishes disbursement key projects in the Transport sector

VCN - Specially, the MoF publicizes disbursement of the public investment plan for 2024 until June 13, 2024 of 38 key national works and projects and in the Transport industry.
There should be no loss or waste in arranging public investment from reserve sources

There should be no loss or waste in arranging public investment from reserve sources

VCN - The Government has submitted to the National Assembly permission to use VND 18,220 billion in general reserves from the central budget source of the Medium-term Public Investment Plan for the period 2021-2025, corresponding to the increase in centra
Vietnam hopes to have a breakthrough in investment from Japanese ODA capital

Vietnam hopes to have a breakthrough in investment from Japanese ODA capital

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

Biometric authentication to play role in bank scam fight

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

Policy on security in online banking service provision drafted

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"

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

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

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

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

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

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

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

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

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

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

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.
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Individual customers' deposits in Jan-Jul see record high

Individual customers' deposits in Jan-Jul see record high

Total deposits from individual customers at banks had reached 6.8 quadrillion VND (276.3 billion USD) in the first seven months of this year, marking the highest level ever, according to the latest data released by the State Bank.
FED cuts interest rates: A good opportunity for Vietnam’s exports and investments

FED cuts interest rates: A good opportunity for Vietnam’s exports and investments

The U.S. Federal Reserve (FED) has decided to cut interest rates and announced plans for further reductions until 2026.
Developing smart cities through open banking ecosystem

Developing smart cities through open banking ecosystem

VCN - Building smart cities is an inevitable development trend, requiring synchronous digital transformation of many fields, including banking and finance.
Vietnam’s stock market likely to reach 9 million accounts by 2025

Vietnam’s stock market likely to reach 9 million accounts by 2025

Vietnam is on track to reach 9 million stock trading accounts by 2025 and 11 million by 2030, CEO of Vietnam Report JSC Vu Dang Vinh has said.
Managing price effectively, reducing pressure on inflation

Managing price effectively, reducing pressure on inflation

VCN - Timely and effective price management helps control the consumer price index (CPI) and inflation in accordance with the set target.
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