Pressure on exchange rate plunges

Pressure on exchange rate plunges

VCN - Currently, the sharp decrease in pressure on the exchange rate in August thanks to the weakening of the USD, and the maintained and improved stability of Vietnam's macro environment will be a basis for stabilizing the exchange rate in 2024.
Corporate bond trading floor develops strongly after one-year operation

Corporate bond trading floor develops strongly after one-year operation

VCN - According to Ms. Vu Thi Thuy Nga, Deputy General Director of HNX, at the time of opening, the market had 19 privately placed corporate bonds of 3 registered placement organizations with a total registered trading value of VND9,060 billion.
Closely and effectively managing State fund

Closely and effectively managing State fund

VCN - Following the socio-economic management policies and the state budget estimate for 2024, the State Treasury has managed the state fund proactively, publicly and effectively, thereby ensuring the state budget balance.
New eTax Mobile application 3.2.0 officially launched

New eTax Mobile application 3.2.0 officially launched

VCN - In this new version, users can log with their VneID account, the system will check the account identification level.
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
    Prev         Next    

Your care

Latest Most read
SBV makes significant net withdrawal to stabilise exchange rate

SBV makes significant net withdrawal to stabilise exchange rate

Analysis shows it’s an intervention to manage system liquidity.
Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

Việt Nam could maintain inflation between 3.5–4.5% in 2025: experts

The forecasts were presented by experts at the scientific conference titled ’Market and Price Developments in Việt Nam in 2024 and Forecasts for 2025’ organised by the Institute of Economics and Finance and the Price Management Department on January 9 in Hà Nội.
Banking industry to focus on bad debt handling targets in 2025

Banking industry to focus on bad debt handling targets in 2025

The non-performing loan (NPL) ratio of the banking system (excluding NPLs of weak commercial banks) needs to be controlled at below 3 per cent by the end of 2025.
State Bank sets higher credit growth target for 2025

State Bank sets higher credit growth target for 2025

The credit growth target for the banking system in 2025 has been set higher than in 2024.
Outlook for lending rates in 2025?

Outlook for lending rates in 2025?

VCN - According to the SBV, in managing interest rates in 2024, the SBV will continue to maintain the operating interest rates amid the global world interest rates remaining at high levels.
Mobile Version