debt

Company forced to deduct about VND9 billion of tax debt from account

12:27 | 19/11/2021 Customs

VCN – The branch has requested Dong A Commercial Joint Stock Bank - Quang Trung Transaction Office where the company opened its account, to deduct and freeze the account.

Ministry of Finance publishes report on State budget estimate in 2022

16:05 | 15/11/2021 Finance

VCN - The Ministry of Finance has just published a report on the State budget estimate in 2022 to submit to the National Assembly.

Banks raise provisions in anticipation of bad debt

14:56 | 11/11/2021 Finance

In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.

HCM City Customs proposes to cancel tax debt for a company

16:12 | 10/10/2021 Customs

VCN – The department has checked the profile of Yee Chung Shoe Joint Venture Enterprise and proposed the GDVC to cancel tax debts for this company.

State Bank agrees to extend debt rescheduling for six months

19:56 | 08/09/2021 Finance

The State Bank of Việt Nam (SBV) agreed to extend debt rescheduling for businesses for a further six months until June 30, 2022.

Government repays VND209 trillion

09:32 | 03/08/2021 Finance

VCN – The Ministry of Finance has reported on loan and public debt repayment in the first six months.

Boosting digitisation to identify tax debtors and apply appropriate tax debt management measures

13:56 | 01/08/2021 Finance

VCN – Assoc. Prof. Dr. Le Xuan Truong, Dean of Tax - Customs Department, Academy of Finance, said the tax debt management and enforcement measures of the tax and customs authorities have been very effective and appropriate.

Debt classification policy extended to aid customers impacted by pandemic

19:41 | 05/04/2021 Finance

The State Bank of Việt Nam (SBV) has decided to extend a policy allowing commercial banks to keep debt classifications for COVID-19 affected borrowers unchanged to help customers access bank loans.

Black credit "trap": Take 30-minute quick loan, lifetime debt repayment

12:57 | 17/02/2021 Finance

VCN- There have been many cases of Chinese people hooking up with Vietnamese to establish mobile apps to lure victims into traps.

Safe public debt, increasing the room for fiscal policy

09:31 | 22/01/2021 Finance

VCN- The target of the Government's direct debt repayment obligation compared to the 2016 state budget revenue is 15.8%;in 2017, it was 19.7%;in 2018, it was 16.1% and in 2019, it was 17.4% (the prescribed limit is not more than 25%).

First debt trading floor in the pipeline in Vietnam

20:44 | 09/12/2020 Finance

The State-run Vietnam Asset Management Company (VAMC) has initiated plans to establish a debt trading floor over the next five years to deal with commercial banks’ non-performing loans and attract investors.

Saigon Port Zone 1 Customs Branch has many effective debt recovery solutions

08:51 | 06/12/2020 Customs

VCN- Thanks to many creative and drastic measures, Saigon Port Zone 1 Customs Branch (HCM City Customs Department) effectively collected tax debts,many of which hadbeen delayed for decades.

Tight control of debt safeguarding finances

10:37 | 29/11/2020 Finance

Vietnam has continued to bring public debt under its control, thus ensuring financial security for the country.

Closely control public debt and increase fiscal policy space

09:39 | 13/11/2020 Finance

VCN- It is estimated that by the end of 2020, public debt will be about 56.8% of GDP; Government debt will be about 50.8% of GDP; the Government's direct debt repayment obligation to the State budget revenue ratio will be 24.1%

Lower interest rates: Help reduce pressure to repay debts

20:31 | 16/10/2020 Finance

VCN- According to the SBV, since2016, the operating interest rates have been reduced by 2-2.5%/year, decreasing from 0.8-1.5%/year to the ceiling interest rate for terms below six months and 2.5%/year ceiling lending interest rate for priority sectors.