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increasing penalties to reduce violations in independent auditing

Increasing penalties to reduce violations in independent auditing

12:32 | 15/09/2024

VCN - After 12 years of implementation, the Law on Independent Auditing has provided an important legal framework for the enforcement of policies and the transparent disclosure of financial reports by businesses. However, one limitation is that the penalties are not strong enough to ensure deterrence.
businesses concerned about waste if foreign standards are not yet recognized

Businesses concerned about waste if foreign standards are not yet recognized

10:40 | 10/08/2024

According to businesses, amendments to laws related to standards and technical regulations should include provisions for mutual recognition agreements of conformity assessment results to meet international integration requirements.
corporate culture lighting the way for sustainable development

Corporate culture "lighting the way" for sustainable development

10:03 | 22/07/2024

VCN - The government aims to cultivate and develop numerous business leaders capable of heading strong economic conglomerates by 2030, leveraging their roles to lead and pave the way. To achieve this goal, financial strength alone is not enough; a robust foundation in business culture is essential.
total credit demand expected to improve in the last months of the year

Total credit demand expected to improve in the last months of the year

13:44 | 21/06/2024

VCN - According to evaluations, the overall domestic credit demand has not yet seen a strong recovery. Therefore, promoting credit growth must continue to be a priority through various solutions.
seeking growth drivers for the red river delta region

Seeking growth drivers for the Red River Delta region

14:12 | 15/06/2024

VCN - According to enterprises, promoting digital transformation alongside concretizing certain policy contents for the development of free trade zones will create numerous incentives for regional economic development, including the Red River Delta region.
ensuring balance of capital sources and deposit interest rates amidst rising credit trend

Ensuring balance of capital sources and deposit interest rates amidst rising credit trend

09:56 | 23/05/2024

Since early May, many banks have continued to increase deposit interest rates to ensure a balance of capital sources in the context of a rapid increase in credit.
the exchange rate will gradually cool down from the end of the second quarter of 2024 while interest rates will remain low

The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

09:32 | 23/04/2024

VCN - According to forecasts, Vietnam's financial sector in 2024 will be more positive, with the exchange rate gradually cooling down from the end of the second quarter of 2024, while interest rates will remain low to promote growth.
credit package of vnd120 trillion must be disbursed as soon as conditions are met

Credit package of VND120 trillion: must be disbursed as soon as conditions are met

10:21 | 18/03/2024

According to the State Bank of Vietnam (SBV), so far, only 28 out of 63 provincial People's Committees have sent documents or announced the list of projects participating in the VND120 trillion credit package, including 30 out of 68 projects with capital borrowing needs.
shareholders expect the shareholder meeting season

Shareholders expect the shareholder meeting season

10:20 | 18/03/2024

From mid-March to April this year, many banks have planned to organize their annual general meetings of shareholders (AGM). Accordingly, information about dividend distribution or profit targets always attracts the attention of shareholders, especially when many new plans are proposed this year.
efficiency from state investment credit line

Efficiency from State investment credit line

09:51 | 11/03/2024

With changes in the method of determining lending interest rates, along with regulations aimed at liberalizing conditions and authority of the Vietnam Development Bank (VDB), access to State investment credit is expected to become more convenient.
the ambitions and proposals of state owned enterprises

The "ambitions" and proposals of state-owned enterprises

19:22 | 10/03/2024

pressure of bad debts in banks

Pressure of bad debts in banks

07:54 | 31/12/2023

VCN- According to many opinions, the asset quality of banks will be temporarily under control at the current level until the end of 2023, but moving into 2024, the situation will become "tighter."
the government sets the target for 2024 state budget revenue to increase by approximately 5 and credit to grow by over 15

The government sets the target for 2024 State budget revenue to increase by approximately 5%, and credit to grow by over 15%

09:52 | 02/11/2023

VCN - The government's anticipated economic and social development plan for 2024 has established various goals and significant tasks aimed at achieving a GDP growth rate of around 6-6.5%.
state owned enterprises adjusting end of year business plans

State-owned enterprises adjusting end-of-year business plans

13:44 | 20/10/2023

insurance companies expect after the rain comes sunshine

Insurance companies expect "after the rain, comes sunshine"

10:29 | 09/10/2023

Economic weakness and a crisis of confidence have made life insurance companies go through months of "gray business." However, there is still great hope for recovery in the near future thanks to innovations and close guidance from regulatory authorities.
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