U.S. Treasury continues to affirm Vietnam does not manipulate currency Vietnam emerges as forerunner in global nearshoring trend Enterprises urged to tap potential to expand exports to EU via official channels
Budget revenue is about to be completed for the whole year estimate

Budget revenue is about to be completed for the whole year estimate

13/11/2024 08:34 Finance

VCN - After 10 months of 2024, the budget collection progress has almost completed the assigned estimate for the whole year. From now until the end of the year, the entire Finance sector is striving to achieve the revenue exceeding the set target.
Tax authorities and Police join forces to crack down on e-invoice fraud

Tax authorities and Police join forces to crack down on e-invoice fraud

12/11/2024 14:14 Finance

As invoice trading crimes surge, the General Department of Taxation is rolling out a new e-invoice alert system designed to support tax authorities and law enforcement in swiftly identifying and halting fraudulent activities tied to electronic invoices.
State revenue collection poised to surpass annual target

State revenue collection poised to surpass annual target

12/11/2024 10:11 Finance

With ten months of 2024 behind us, Vietnam’s state budget revenue is on track to exceed the year’s target.
Amending regulations for proactive, responsible tax officials

Amending regulations for proactive, responsible tax officials

11/11/2024 08:55 Finance

Dr. Phan Hoai Nam, CEO of W&A Consulting, discusses tax refund issues with Customs Magazine.
Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

Drastic actions taken to complete 95% public investment disbursement goal: Gov’t press conference

10/11/2024 20:07 Finance

The Ministry of Planning and Investment is working with other ministries, sectors and localities to take drastic measures to complete this year's target of disbursing 95% of allocated public investment, its Deputy Minister Tran Quoc Phuong told the Government’s regular press conference on November 9.
Revising policies to adapt to two-way impact of FTAs

Revising policies to adapt to two-way impact of FTAs

10/11/2024 09:24 Finance

VCN - One of the most obvious positive impacts of Free Trade Agreements (FTAs) is to promote export growth, thereby contributing to increasing state budget revenue. However, the implementation of FTAs ​​also has a negative impact on state budget revenue u
Deputy Prime Minister, Minister of Finance: Budget management to be more decentralized

Deputy Prime Minister, Minister of Finance: Budget management to be more decentralized

09:22 | 10/11/2024 Finance

Deputy Prime Minister, Minister of Finance Ho Duc Phoc indicated that the revision of the State Budget Law (SBL) focuses on removing short-term bottlenecks and obstacles.
Amend regulations on “Public-Private Partnership” (PPP) and “Build Transfer” (BT) investment: Fully calculating to avoid loss of state assets

Amend regulations on “Public-Private Partnership” (PPP) and “Build Transfer” (BT) investment: Fully calculating to avoid loss of state assets

14:23 | 09/11/2024 Finance

In the project "1 law amending 4 laws" related to investment, the majority of National Assembly deputies agreed with the Government's proposal to allow an increase in the state capital ratio for some specific cases.
Public investment disbursement reaches 52.2% in ten months

Public investment disbursement reaches 52.2% in ten months

15:17 | 08/11/2024 Finance

Public investment disbursement was estimated at 355.61 trillion VND (14 billion USD) in the first 10 months of this year, fulfilling 52.2% of the annual target, according to the Ministry of Finance (MoF).
State budget revenue for 2024 nears target

State budget revenue for 2024 nears target

10:06 | 08/11/2024 Finance

Data from the Ministry of Finance reveals that by the end of October 2024, state revenue is on the brink of reaching the annual target.
Public investment spending up 1.8% in first 10 months of 2024

Public investment spending up 1.8% in first 10 months of 2024

10:03 | 08/11/2024 Finance

Public investment from Vietnam’s state budget saw steady growth in the first ten months of 2024, reaching 64.3% of the annual target—an increase of 1.8% compared to the same period last year.
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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U.S. Treasury continues to affirm Vietnam does not manipulate currency

U.S. Treasury continues to affirm Vietnam does not manipulate currency

13:46 | 19/11/2024 Finance

In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

13:43 | 19/11/2024 Finance

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.
A “picture” of bank profits in the first nine months of 2024

A “picture” of bank profits in the first nine months of 2024

09:42 | 19/11/2024 Finance

VCN - Pre-tax profits for banks during the first nine months of 2024 remained positive, exceeding 200 trillion VND, solidifying the sector's position as a market leader.
Many challenges in restructuring public finance

Many challenges in restructuring public finance

10:02 | 18/11/2024 Finance

VCN - Public finance reform is one of the 6 contents of state administrative reform in the period of 2021 - 2030 according to Resolution 76/NQ-CP dated July 15, 2021 of the Government and this is an important task, contributing to supporting other tasks,
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

09:19 | 17/11/2024 Finance

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as t
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