Drug trafficking ring busted: Synthetic drugs concealed in pickled bamboo containers Nghệ An Province anticipates record FDI amidst economic upswing Việt Nam establishes central steering committee to lead innovation and digital transformation
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

19/12/2024 15:21 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

Six SOEs to be transferred back to industry ministry

18/12/2024 15:38 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

PM urges stronger measures to manage interest rates

17/12/2024 16:53 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.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

17/12/2024 16:48 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).
Vietnamese products: Conquering foreign customers in supermarket systems

Vietnamese products: Conquering foreign customers in supermarket systems

17/12/2024 16:45 Finance

VCN - Vietnamese goods are exported through distribution systems and demanding markets both traditionally and through cross-border e-commerce. This shows that domestic products have met the criteria and requirements of foreign partners.
Answering many questions from businesses at dialogue conference on tax and customs policies

Answering many questions from businesses at dialogue conference on tax and customs policies

17/12/2024 10:01 Finance

VCN - Many opinions and recommendations related to tax and customs issues were raised by the business community at the dialogue on tax and customs policies and administrative procedures in 2024, organized by the Ministry of Finance.Representatives of the
Enterprises face difficulties in tax refunds due to partners closing

Enterprises face difficulties in tax refunds due to partners closing

10:01 | 17/12/2024 Finance

VCN - On December 13, at a dialogue conference on tax and customs policies and administrative procedures organized by the Ministry of Finance in coordination with the Vietnam Chamber of Commerce and Industry (VCCI), enterprises proposed solutions to many
Strengthen the management and use of electronic invoices for e-commerce

Strengthen the management and use of electronic invoices for e-commerce

11:24 | 16/12/2024 Finance

VCN - The Prime Minister also requested the Ministry of Finance to promptly submit to the Government in January 2025 to issue a Decree amending and supplementing a number of articles of Decree No. 123/2020/ND-CP, including solutions on electronic invoices
Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

11:23 | 16/12/2024 Finance

VCN - The draft Law adjusts the progressive tax schedule applicable to resident individuals with income from salaries, wages and tax rates in the full tax schedule corresponding to the revised contents on income from capital transfer and income from real
Expansionary fiscal policy halts decline, boosts aggregate demand

Expansionary fiscal policy halts decline, boosts aggregate demand

19:27 | 14/12/2024 Finance

VCN - Fiscal policy, in particular, has been implemented with a reasonable, focused, and targeted expansionary approach to halt the decline, boost aggregate demand, and foster economic recovery.
Ministry of Finance stands by enterprises and citizens

Ministry of Finance stands by enterprises and citizens

15:30 | 13/12/2024 Finance

This was the affirmation of Deputy Minister of Finance Cao Anh Tuan at the 2024 Dialogue Conference on Tax and Customs Policies and Administrative Procedures.
Banks face difficulties in balancing capital raising and lending

Banks face difficulties in balancing capital raising and lending

15:29 | 13/12/2024 Finance

Banks often use their charter capital to compensate for a capital shortage, as lending exceeds capital raising.
Credit continues to increase at the end of the year, room is loosened to avoid "surplus in some places - shortage in others"

Credit continues to increase at the end of the year, room is loosened to avoid "surplus in some places - shortage in others"

10:23 | 13/12/2024 Finance

Credit demand continues to increase at the end of the year, thereby helping banks compete through continuing to adjust interest rates appropriately.
M&A in Vietnamese non-life insurance sector sees strong development

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

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

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.
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Ensuring financial capacity of bonds issuers

Ensuring financial capacity of bonds issuers

11:09 | 26/12/2024 Finance

VCN - The Ministry of Finance is finalizing the draft Decree amending and supplementing Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law. The amendment aims to continue to perfect the legal framework and
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

14:54 | 25/12/2024 Finance

One more company has been granted the certificate of eligibility since August.
The capital market will see positive change

The capital market will see positive change

09:44 | 25/12/2024 Finance

VCN - The capital market is an important component of the financial market that provides medium-and long-term capital, contributing to effectively mobilizing and allocating resources and creating an essential material foundation for the grow of national e
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

13:51 | 24/12/2024 Finance

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year.
Slower mobilization than credit may put pressure on interest rates

Slower mobilization than credit may put pressure on interest rates

09:02 | 24/12/2024 Finance

According to the latest data from the State Bank of Vietnam (SBV), deposits in the banking system as of the end of September 2024 reached more than 14 million billion VND
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