“Greening” the textile, garment and footwear industry: Motivation from challenges Truly comprehensive finance: supporting micro and small enterprises Quang Ninh prevents transportation of smuggled livestock breeds
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

31/10/2024 09:28 Finance

According to the report of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

29/10/2024 09:29 Finance

VCN - Payment accounts opened at commercial banks are only for state treasury revenues (referred to as specialized collection accounts).
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

29/10/2024 09:28 Finance

According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed to submit to the Government for promulgation.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

28/10/2024 14:37 Finance

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

28/10/2024 10:45 Finance

VCN - According to the Deputy Prime Minister, Minister of Finance, in 2024, the State budget revenue estimate is 1,700.99 trillion VND, reaching 85.1% of the estimate in 9 months, up 17.9% over the same period in 2023.
Ensure timely and effective management and use of public asset

Ensure timely and effective management and use of public asset

27/10/2024 11:31 Finance

VCN - The Ministry of Finance requests ministries, branches and localities to review and report to the Minister, head of central agencies, People’s Councils of provinces and centrally run cities to issue regulations on power to decide on the management an
Accelerating decentralization in public asset management

Accelerating decentralization in public asset management

11:26 | 26/10/2024 Finance

VCN - Amending the Law on Management and Use of Public Assets aims to improve regulations on accelerating decentralization and improving efficiency in management and use of public assets, and promoting financial resources, ensuring that the unified appli
Difficulty in finding banks eligible to receive compulsory transfers

Difficulty in finding banks eligible to receive compulsory transfers

15:49 | 25/10/2024 Finance

VCN - Additionally, the SBV continues to put DongA Bank and SCB under special control.
Businesses can choose a suitable electronic invoice model generated from the cash register

Businesses can choose a suitable electronic invoice model generated from the cash register

14:18 | 25/10/2024 Finance

The Ministry of Finance said that individual business households can choose a suitable model to apply electronic invoice solutions from cash registers
State budget revenue estimate 2025 assessed as positive level despite potential challenges

State budget revenue estimate 2025 assessed as positive level despite potential challenges

14:49 | 24/10/2024 Finance

VCN - The revenue increases by 15.6% compared to the 2024 estimate and by 5% estimated revenue in 2024, and the mobilization rate into the state budget reaches about 16% of GDP.
Banks show positive results during third quarter

Banks show positive results during third quarter

15:10 | 23/10/2024 Finance

Several banks have recently announced startling business performance results in the third quarter of 2024 and the first nine months of 2024.
More sanctions needed to promote budget transparency

More sanctions needed to promote budget transparency

13:56 | 23/10/2024 Finance

VCN - The results of the Open Budget Survey (OBS) 2023 recorded positive changes in Vietnam in enhancing budget transparency.
Tax sector determines to take enterprises as the center of service

Tax sector determines to take enterprises as the center of service

13:42 | 23/10/2024 Finance

That was the affirmation of Deputy General Director of the General Department of Taxation Mai Son at the Tax - Customs forum in 2024 organized by Vietnam Financial Times
Non-bank corporate bonds forecast to recover in year-end months

Non-bank corporate bonds forecast to recover in year-end months

14:00 | 22/10/2024 Finance

Prospects for credit growth and exchange rates will create favourable conditions for non-bank corporate bonds to recover in the final months of this year, analysts forecast.
Nineteen State-owned enterprises estimate pre-tax profit of over 2 bln USD

Nineteen State-owned enterprises estimate pre-tax profit of over 2 bln USD

20:01 | 21/10/2024 Finance

Pre-tax profit of parent companies of 19 corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC) is estimated to reach 50.36 trillion VND (2.08 billion USD) in the first nine months of the year.
Diversify and innovate securities products to attract foreign investors

Diversify and innovate securities products to attract foreign investors

15:30 | 20/10/2024 Finance

Mr. Kojima Kazunobu, Chief Advisor of JICA, said that Vietnam needs to make more efforts in developing the stock market in both quality and quantity to become a potential market
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Propose many solutions to shorten tax refund time

Propose many solutions to shorten tax refund time

09:32 | 07/11/2024 Finance

VCN - Data from the General Department of Taxation shows that in the first 9 months of 2024, the Tax authority issued 13,762 VAT refund decisions with a total refund amount of VND 101,167 billion, equal to 59.2% of the decentralized tax refund estimate in
Finance sector exceeds revenue target in 4 years thanks to comprehensive reform of collection method

Finance sector exceeds revenue target in 4 years thanks to comprehensive reform of collection method

09:30 | 07/11/2024 Finance

VCN - At the meeting on November 5, the National Assembly discussed on the Sate revenue collection and related contents.
3 priority pillars of Japanese ODA capital flow in Vietnam

3 priority pillars of Japanese ODA capital flow in Vietnam

14:19 | 06/11/2024 Finance

Mr. Sugano Yuichi, Chief Representative of the Vietnam Office of JICA, shared about the outstanding results in more than 30 years of implementing ODA projects in Vietnam and plans for the coming time.
Removing legal hurdles in regular spending for capital assets

Removing legal hurdles in regular spending for capital assets

09:02 | 05/11/2024 Finance

Mr. Bui Anh Binh, Deputy Director of the Department of Public Administration (Ministry of Finance) emphasized that the issuance of Decree No. 138/2024/ND-CP has created an important legal corridor
M&A activities show signs of recovery

M&A activities show signs of recovery

13:28 | 04/11/2024 Finance

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
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