Green finance brings both new opportunities, challenges to Vietnam: Experts

Green finance brings both new opportunities, challenges to Vietnam: Experts

The promotion of green and sustainable financial development has created both new opportunities and challenges for the financial system in Vietnam, according to experts.
Vietnam has 4 enterprises providing credit rating services

Vietnam has 4 enterprises providing credit rating services

VCN - The Ministry of Finance said that, according to the provisions of Decree No. 88/2014/ND-CP, enterprises providing credit rating services must be granted a Certificate of eligibility to provide credit rating services by the Ministry of Finance.
Banks minimize costs, optimize profits

Banks minimize costs, optimize profits

In the first months of the year, banks' ability to optimize costs has improved significantly, especially when many banks have actively transformed digitally and cut costs in the context of a difficult economy.
Amending the law to unblock and effectively use public property

Amending the law to unblock and effectively use public property

Amending and supplementing the Law on Management and Use of Public Property will strengthen decentralization, simplify administrative procedures, increase initiative and self-responsibility for grassroots
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
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Strictly handle price gouging and stabilize consumer sentiment after storms and floods

Strictly handle price gouging and stabilize consumer sentiment after storms and floods

VCN - According to market surveys by the Department of Price Management), the prices of rice and meat are relatively stable compared to the time before the storm.
General Department of Taxation implements tax exemption, extension of taxes and fees for people and businesses affected by storm No. 3

General Department of Taxation implements tax exemption, extension of taxes and fees for people and businesses affected by storm No. 3

VCN - According to instruction, enterprises will be exempted and extended many taxes: Personal Income Tax, Corporate Income Tax, Special Consumption Tax, VAT deduction, Resource Tax, and non-agricultural land use tax.
Insurance brings peace of mind to customers during Yagi typhoon

Insurance brings peace of mind to customers during Yagi typhoon

The Insurance Supervision Authority (Ministry of Finance) initially estimated that the total amount of insurance paid for human and property damage was about VND7,000 billion.
Banks lend significant amounts to green projects

Banks lend significant amounts to green projects

Many banks have recently poured thousands of billions of Vietnamese dong into green projects.
Curbing stock market manipulation

Curbing stock market manipulation

Amending and supplementing a number of articles of the Law on Securities is necessary to ensure that the securities market operates more transparently and effectively
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