World Bank outlines path for Vietnam to reach high income status
22/11/2024 13:44 Finance
The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Strictly control public debt and ensure national financial security 2025
22/11/2024 09:26 Finance
VCN - According to the plan for borrowing and repaying public debt and foreign debt of the country in 2025, the total borrowing demand of the Government in the year is expected to be at VND 815,238 billion, an increase of 20.6% compared to the Government'
Revising the title of a draft of 1 Law amending seven finance-related laws
21/11/2024 14:33 Finance
On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws.
Transparency evates the standing of listed companies
21/11/2024 09:47 Finance
According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
State-owned securities company trails competitors
20/11/2024 14:46 Finance
Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Strengthening the financial “health” of state-owned enterprises
20/11/2024 09:23 Finance
VCN - According to the State Capital Management Committee at Enterprises, to date, the country has six hundreds and seventy one SOEs including 6 economic groups, 53 state-owned corporations and 19 LLCs operating under the parent-subsidiary model.
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
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
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
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
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
Disbursement of public investment must be accelerated: Deputy PM
19:32 | 16/11/2024 Finance
Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HCMC: Domestic revenue rises, revenue from import-export activities begins to increase
09:36 | 16/11/2024 Finance
VCN - The results of State budget revenue in HCMC in the first 10 months of 2024 are estimated to increase by 10% over the same period last year, of which the highlight is that revenue from import-export activities has begun to increase.
Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc
09:33 | 16/11/2024 Finance
VCN - Reporting to the National Assembly in the question-and-answer session on the banking sector under the 8th Session on November 11, 2024, Deputy Prime Minister and Minister of Finance Ho Duc Phoc said that when the economy increases or decreases, it w
Seaport stocks surge amid positive sector outlook
13:52 | 15/11/2024 Finance
During the trading session on 12 November, while the VN-Index fell for the fourth consecutive session to 1,244 points, several seaport and shipping stocks such as MVN (VIMC), VOS (Vietnam Shipping), and GMD (Gemadept) maintained upward momentum.
Striving for revenue to rise by over 15% compared to assigned estimate
10:01 | 14/11/2024 Finance
VCN – At meeting on summarizing in financial budget October and deploying work program in November held by the Ministry of Finance on November 11, Deputy Minister of Finance Cao Anh Tuan requested to speed up review budget work and quickly remove financ
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Agree to continue reducing VAT by 2%
11:02 | 29/11/2024 Finance
VCN - National Assembly deputies all expressed their agreement with the policy of continuing reducing value-added tax (VAT) by 2% in the first half of 2025, but there needs to be an effective support policy for sustainable development of businesses.
Four challenges that put pressure on monetary policy management
13:48 | 28/11/2024 Finance
VCN - Accordingly, regarding interest rate management, in the first ten months of 2024, the SBV will maintain the operating interest rate, after continuously adjusting the interest rates down four times with a reduction of 0.5-2.0%/year in 2023.
Legal basis to improve quality of price appraisal
13:44 | 28/11/2024 Finance
VCN - According to the representative of the Price Management Department, the regulations related to the activities of appraisers, adjusting the conditions for valuation practicing are new contents of the 2023 Price Law, contributing to improving the qual
Amending the Law on Corporate Income Tax, not giving preferential treatment to overlapping and spreading industries
08:53 | 26/11/2024 Finance
VCN - The promulgation of the Law on Corporate Income Tax (amended) is necessary, in line with international practice, associated with restructuring revenue sources, expanding the tax base in line with the context of socio-economic development.
Việt Nam's stock market recovers but outlook remains uncertain
14:59 | 25/11/2024 Finance
Following a prolonged period of volatility, the VN-Index is approaching a critical resistance level, raising the question of whether the market has enough momentum to break through or if it is merely undergoing a technical rebound before further corrections.
