An open banking system is essential for a smart city
06/10/2024 16:29 Finance
Building a smart city with a smart payment system playing a key role has helped Hanoi gradually transform and make breakthroughs in the process of development, said Ha Minh Hai, Vice Chairman of the municipal People's Committee.
Tax sector focuses on simplifying tax administrative procedures
06/10/2024 09:22 Finance
VCN - At the dialogue conference between the General Department of Taxation and enterprises of 5 southern provinces and cities held last weekend, the Tax sector received over 400 issues, of which the most prominent was the issue of corporate income tax (C
Individual customers' deposits in Jan-Jul see record high
05/10/2024 19:32 Finance
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
05/10/2024 11:59 Finance
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
05/10/2024 11:57 Finance
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
04/10/2024 13:39 Finance
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
12:09 | 04/10/2024 Finance
VCN - Timely and effective price management helps control the consumer price index (CPI) and inflation in accordance with the set target.
Important step to soon upgrade stock market
10:21 | 03/10/2024 Finance
VCN - According to experts, the Ministry of Finance's issuance of Circular No. 68/2024/TT-BTC dated September 18, 2024 is an important step in the process towards the goal of improving the quality of the Vietnam’s stock market.
Accelerate implementation of solutions to disburse public investment capital
09:25 | 02/10/2024 Finance
VCN - Facing the impact of storm No. 3 on economic growth, many experts continue to believe that public investment will play a key role in economic recovery and growth for the entire year of 2024. However, there is only one quarter left until the end of 2
E-commerce platforms may declare and pay taxes on behalf of traders
08:21 | 01/10/2024 Finance
VCN - According to reporters, many opinions said that the draft revised Law on VAT stipulates that the VAT taxable revenue at less than VND200 million/ year, which is not consistent with the reality.
Ministry of Finance responds to information on proposal to tax real estate
08:20 | 01/10/2024 Finance
VCN - Responding to the hot issue of public concern regarding the proposal to tax real estate transactions to prevent speculation in the real estate market, at the press conference for the third quarter of 2024 held by the Ministry of Finance on September
Maintain smooth operations of Customs, Tax and Treasury to support businesses and people affected by storm No. 3
08:19 | 01/10/2024 Finance
VCN - In addition, the Prime Minister has issued a decision to provide rice, corn and other crop varieties to support agricultural production recovery.
Capital market could be major financial source for private sector: WB
16:10 | 29/09/2024 Finance
The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.
Typhoon debt relief measures may impact bank profitability in Vietnam
18:47 | 27/09/2024 Finance
Vietnamese banks' profitability is expected to be squeezed following their provision of debt relief to support borrowers affected by a recent deadly typhoon, according to the latest report by S&P Global Ratings.
VAT reduction is necessary but not tool used every recession: Canadian expert
09:39 | 27/09/2024 Finance
VCN - The main topic of the dialogue session focused on fiscal policy, including two main contents: sharing on fiscal policy management and state revenue forecasting models; sharing experiences on the fiscal risk management framework.
Vietnam to achieve credit rating as set target
09:37 | 27/09/2024 Finance
VCN - With the current credit rating scale, Vietnam is getting closer to the target of raising the investment rating grade by 2030 set out in the National Credit Rating Improvement Project by 2030.
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Tax sector achieves revenue target of about VND1.7 million billion
18:32 | 21/12/2024 Finance
VCN - With the determination to accomplish the revenue collection to create resources for economic development under the Prime Minister's direction, the entire Tax sector has made efforts to perform the revenue collection in the last days of 2024.
General inventory of public assets raises efficiency of use and management of country's resources
09:29 | 20/12/2024 Finance
VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by
Publicizes progress of public investment disbursement for important national projects
15:21 | 19/12/2024 Finance
VCN - The Ministry of Finance has issued Document No. 13213/BTC-DT to publicize the progress of public investment disbursement of key national projects.
Six SOEs to be transferred back to industry ministry
15:38 | 18/12/2024 Finance
Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
PM urges stronger measures to manage interest rates
16:53 | 17/12/2024 Finance
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.
