Credit growth target of 15% for 2024 within reach: SBV
05/12/2024 13:49 Finance
The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).
Multiple drivers propel positive growth in budget revenue
05/12/2024 10:33 Finance
Dr. Bui Dang Dung believes that the 2024 state budget revenue results are highly encouraging, reflecting the concerted efforts of the Government, relevant agencies, and business community amid challenging economic conditions.
Drastic measures needed to accelerate disbursement of foreign-funded public investment
04/12/2024 14:40 Finance
Drastic measures are needed to remove roadblocks and accelerate the disbursement of foreign-funded public investment in the remaining months of this year, as the disbursement rate remains far below the target of 95 per cent, according to the Ministry of Finance.
Urging collection of land-related revenues in the last month of the year
04/12/2024 13:42 Finance
VCN - Since the beginning of 2024, the macro-economic situation has been stable, growth has been promoted, major balances of the economy have been ensured, and the state revenue in the first 11 months of the year has reached 106.3% of the estimate.
Innovation and restructuring of state-owned enterprises: Start from institutions
04/12/2024 13:40 Finance
The work of restructuring and innovating state-owned enterprises (SOEs) has had remarkable results in reducing quantity and improving quality, but is still behind schedule
Tax policies facilitate business development
03/12/2024 13:46 Finance
VCN - Sharing with Customs News on the sidelines of the Tax and Legal Forum 2024 recently held, Deputy General Director, General Department of Taxation Dang Ngoc Minh (photo) said that the Government is researching and implementing new tax policies to sup
Tax sector exceeds revenue target 2024
15:48 | 02/12/2024 Finance
VCN - “These tax support policies have directly impacted the financial resources of enterprises, contributing to maintaining production and business and promoting consumption, thereby creating momentum for economic recovery and development,” said Minh.
Stimulate production and business, submit to the National Assembly to continue reducing 2% VAT
15:47 | 02/12/2024 Finance
VCN - According to the agenda of the 8th Session, at the meeting on the afternoon of November 28, 2024, Deputy Prime Minister Ho Duc Phoc presented the Report on the draft Resolution of the National Assembly on VAT reduction.
M&A in Vietnam expected to be bustling in 2025
17:54 | 01/12/2024 Finance
Merger and acquisition (M&A) activity in Vietnam is expected to be bustling again, thanks to the domestic economic recovery and higher foreign investment.
Major reforms in the management of state capital in enterprises
09:18 | 01/12/2024 Finance
The draft Law on Management and Investment of State Capital in Enterprises is set to be presented and discussed at the National Assembly, featuring numerous new provisions
Vietnam makes comprehensive strides in public financial management reform
09:16 | 01/12/2024 Finance
Vietnam has achieved significant milestones in its public financial management (PFM) reforms, earning praise for its comprehensive progress across multiple areas
Central bank increases credit growth limit for banks for second time this year
15:11 | 30/11/2024 Finance
The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.
Decree on the implementation of global minimum tax: Ensuring a clear and transparent legal framework
11:06 | 30/11/2024 Finance
The decree detailing the implementation of the global minimum tax must align with practical management requirements, ensuring a clear and transparent legal framework
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
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M&A in Vietnamese non-life insurance sector sees strong development
15:11 | 11/12/2024 Finance
While mergers and acquisitions in the Vietnamese life insurance sector have been relatively quiet, M&As in the non-life insurance sector have been quite strong, with the participation of both foreign and domestic investors.
More tax law reforms needed to address e-commerce challenges
17:01 | 10/12/2024 Finance
The rapid growth of e-commerce has contributed significantly to Vietnam's economic development, but it also brought challenges, particularly in tax management.
Ho Chi Minh City achieves record state revenue of over VND500 trillion in 2024
10:33 | 10/12/2024 Finance
For the first time in its history, Ho Chi Minh City’s budget revenue surpassed VND500 trillion in just 11 months of 2024.
Accelerating public investment in national key transportation projects
10:16 | 09/12/2024 Finance
According to Ministry of Finance, the disbursement of funds for national key transportation projects in the first ten months of 2024 exceeded the average disbursement rate for other sectors. However, the pace has slowed in recent months.
Disbursement of public investment from foreign loans reaches 39.06% of the plan
18:26 | 08/12/2024 Finance
Regarding disbursement progress of public investment from foreign loans in the final months of 2024, Department of Debt Management and External Finance reported that ministries and agencies had disbursed over VND3.285 trillion
