Vietnam and Japan promote cooperation

Vietnam and Japan promote cooperation

VCN - Japan is currently Việt Nam's biggest ODA provider, and the country’s ODA projects have effectively contributed to the Vietnam’s socio-economic development.
Crypto Assets should be managed rather than prohibited

Crypto Assets should be managed rather than prohibited

VCN – The issuance of legal regulations related to crypto asset management contributes to protecting investors, enhancing tax collection capabilities and improving the ability to control money laundering activities, according to experts.
Promptly disseminate policies and enhance effectiveness of state management of prices

Promptly disseminate policies and enhance effectiveness of state management of prices

VCN - The Deputy Minister said that this is a key Law, creating a unified legal framework for the development of a socialist-oriented market economy in accordance with the policies of the Party and the State.
Finance sector urgently amends 7 Laws to remove bottlenecks and promote economic growth

Finance sector urgently amends 7 Laws to remove bottlenecks and promote economic growth

The Minister of Finance requested relevant units to promptly implement the shortened process to speed up the progress of law development and ensure quality.
Slow disbursement of public investment capital due to obstacles from policies

Slow disbursement of public investment capital due to obstacles from policies

VCN - Disbursement of public investment capital still has faced many obstacles, mainly focusing on mechanisms and policies related to specialized ministries.
Regulations on capital owner

Regulations on capital owner's representative agency at enterprises need to be specified

VCN – The identification of capital owner's representative under the draft Law on Management and Management of State Capital at Enterprises is considered to overcome shortcomings of the current law, thereby better exercising the rights and responsibilities of the capital owner's representative for the state-owned enterprises.
New policy promotes green banking development in Việt Nam

New policy promotes green banking development in Việt Nam

The State Bank of Vietnam is aiming to make it easier to access green capital for green projects to encourage all credit institutions to participate.
More than VND241 trillion of public investment capital has been paid through the State Treasury

More than VND241 trillion of public investment capital has been paid through the State Treasury

The State Treasury has directed the State Treasury of provinces and cities to strengthen discipline and order, and enhance the sense of responsibility of civil servants
Many positive signals in the corporate bond market

Many positive signals in the corporate bond market

The corporate bond market is expected to enter a new development phase, gradually improving quality, continuing to develop and deepen.
Revise Law to promote autonomy, and self-determination of the state-owned enterprises

Revise Law to promote autonomy, and self-determination of the state-owned enterprises

VCN - According to Mr. Son, the completion of regulations on State capital management in enterprises will ensure the effectiveness of state capital management and investment in enterprises, create the most favorable conditions for state-owned enterprises
Banks

Banks' bad debt reserve buffers continue to thin

VCN - Financial reports for the second quarter and the first six months of 2024 banks show that 24 of 29 banks recorded an increase in the ratio of bad debt per total outstanding debt compared to the end of 2023, pushing up the absolute bad debt balance o
Proposal on VAT reduction in electricity bills unreasonable

Proposal on VAT reduction in electricity bills unreasonable

VCN - At the question and answer session at the 36th Session of the National Assembly Standing Committee on August 21, 2024, the Minister of Finance and Minister of Industry and Trade clarified a number of important contents that the deputies concern rela
Many breakthrough improvements in the upgraded version of EtaxMobile

Many breakthrough improvements in the upgraded version of EtaxMobile

The Tax Department plans to launch the latest upgraded version of the EtaxMobile application by the end of August 2024 to improve the user experience.
Reducing pressure from prices of items managed by the State

Reducing pressure from prices of items managed by the State

VCN – Facing potential inflation pressure, the Government has repeatedly requested ministries and agencies to consider and prepare plans and roadmaps to adjust price of goods and services managed by the State.
Accurately determining current state of public assets nationwide

Accurately determining current state of public assets nationwide

VCN - At the Conference on guiding the general inventory of public assets organized by the Ministry of Finance on August 20, Deputy Minister of Finance Bui Van Khang emphasized that public asset inventory is an important task but also very difficult and c
State Securities Commission cautions investors on delisted stocks

State Securities Commission cautions investors on delisted stocks

The State Securities Commission (SSC) has issued a warning to investors about the risks associated with delisted stocks.
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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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