Strengthen decentralization to facilitate enterprises

Strengthen decentralization to facilitate enterprises

it is necessary to increase decentralization of power, create favorable conditions for enterprises to produce and do business, and properly demonstrate the key and leading role of state-owned enterprises...
State budget revenue reaches nearly 70% of the estimate

State budget revenue reaches nearly 70% of the estimate

VCN - In the first 7 months of the year, state budget revenue is estimated to reach VND1,188.1 trillion, equal to 69.8% of the estimate, up 14.6% year-on-year. In addition, state budget expenditure in the first seven months of the year is estimated to rea
Upgrading IT applications to accelerate PIT refund

Upgrading IT applications to accelerate PIT refund

VCN - On the issue of delayed personal income tax (PIT) refund, the Ministry of Finance said that the Tax sector will continue to upgrade IT applications to support taxpayers in determining where to submit PIT refund applications and look up full informat
Cases of falsification of documents, seals and websites of Ministry of Finance repeatedly occur

Cases of falsification of documents, seals and websites of Ministry of Finance repeatedly occur

VCN - The Ministry of Finance said that recently, the Ministry of Finance has continuously received information about the falsification of documents, seals, websites of the Ministry of Finance and signatures of the Minister of Finance.
Corporate bond private placement doubles year-on-year

Corporate bond private placement doubles year-on-year

VCN - In the first 7 months of 2024, there were 174 successful private placements of corporate bond with a total value of VND 161.5 trillion, 2.6 times higher than the same period in 2023.
Ministry of Finance reports on personal income tax debt

Ministry of Finance reports on personal income tax debt

VCN - Regarding the issue of personal income tax debt, the Ministry of Finance said that the Tax agency has actively notified taxpayers of proactively installing and registering to use the eTax Mobile application, providing email information and promptly
Tax sector collects over VND1,019 million billion

Tax sector collects over VND1,019 million billion

VCN - According to the General Department of Taxation, total revenue in the seven months of 2024 managed by tax authorities rose 14.9% year-on-year to 68.6% of the estimate or VND1,019,702 billion. This result shows the uneven and sustainable recovery of
"Scrutinizing" bank shareholders owning 1% or more

"Scrutinizing" bank shareholders owning 1% or more

VCN - To date, several banks have disclosed lists of shareholders owning 1% or more of their shares, as required by the amended Law on Credit Institutions in 2024.
The insurance industry is expected to grow by 10 percent in 2024

The insurance industry is expected to grow by 10 percent in 2024

VCN - Despite many difficulties, thanks to timely instructions from regulatory agencies, the introduction of the Insurance Business Law (2023) along with guiding decrees and circulars and the efforts of businesses, the insurance industry is still making s
Promoting comprehensive bilateral financial cooperation between Vietnam and Australia

Promoting comprehensive bilateral financial cooperation between Vietnam and Australia

Continuing the working trip, in the afternoon of August 1st, Minister Ho Duc Phoc and the delegation from the Ministry of Finance had a working session with the Australian Treasury.
Ho Chi Minh City’s revenue reaches over VND300,000 billion

Ho Chi Minh City’s revenue reaches over VND300,000 billion

VCN - The revenue from crude oil drops 13.2% to VND12,483 billion, meeting 69.7% of the estimate, accounting for 4% of the total balance revenue…
The State revenue in the first seven months of 2024 reaches 69.8% of estimate

The State revenue in the first seven months of 2024 reaches 69.8% of estimate

VCN - Specifically, the State budget revenue in July totaled about VND150 trillion. Accumulated total state revenue in the first 7 months of 2024 is estimated at VND1,188.1 trillion, meeting 69.8% of the estimate and 14.6% over the same period last year.
State earns nearly VND1,200 trillion in first seven months

State earns nearly VND1,200 trillion in first seven months

VCN - According to the General Statistics Office, state budget revenue in the first seven months of 2024 is estimated to increase by 14.6% year-on-year. State budget spending is estimated to increase by 0.6% year-on-year, meeting the needs of socio-econom
Public investment disbursement in 7 months lower than same period last year

Public investment disbursement in 7 months lower than same period last year

VCN - According to a report from the Ministry of Finance, the estimated disbursement rate of public investment capital in 2024 of the whole country by the end of July will reach 32.22% of the total plan, lower than the same period in 2023 and some ministr
Investment capital from the State Budget in July estimates at VND57.6 trillion

Investment capital from the State Budget in July estimates at VND57.6 trillion

VCN - According to the General Statistics Office, the investment capital from the State budget continues to be implemented by ministries, branches and localities.
No direct intervention in salary and bonus policies of state-owned enterprises

No direct intervention in salary and bonus policies of state-owned enterprises

The draft Law on Management and Investment of State Capital in Enterprises stipulates that enterprises decide on their own salary and bonus policies, and the State does not directly intervene in the salary and bonus policies of enterprises.
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Control of major shareholders in banks

Control of major shareholders in banks

In compliance with the provisions of the Law on Credit Institutions 2024, banks have made public the list of information on shareholders owning 1% or more of shares.
Banks reduce interest rates, offer new loans for storm-affected customers

Banks reduce interest rates, offer new loans for storm-affected customers

Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.
Allocating credit room, motivation for banks to compete

Allocating credit room, motivation for banks to compete

The State Bank of Vietnam (SBV) has announced that it will allocate the credit growth limit (room) for banks that have achieved 80% of their target.
New securities accounts in August reach record high in over two years

New securities accounts in August reach record high in over two years

August saw the highest number of new securities accounts opened in more than two years, dating back to May 2022.
Fiscal policy needs to return to normal

Fiscal policy needs to return to normal

VCN - Talking to Customs Magazine about the role and orientation of fiscal policy in the new period, Dr. Le Duy Binh, CEO of Economica Vietnam, affirmed that returning to normal fiscal policy is a message that is consistent with current reality.
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