Reduce operating interest rates to promptly support businesses

Reduce operating interest rates to promptly support businesses

For the first time in two years, the State Bank of Vietnam (SBV) has decided to cut some operating interest rates from 0.5-1%. According to experts, this is a very flexible and timely decision.
Promoting cooperation and strategic partnership between Vietnam and Australia

Promoting cooperation and strategic partnership between Vietnam and Australia

Minister of Finance Ho Duc Phoc had a meeting and working session with Mr. Andrew Goledzinowski, Australia’s Ambassador to Vietnam and the Australian delegation at the headquarters of Ministry of Finance
Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.
Handling bonded debt by real estate will speed up the settlement of bad debt

Handling bonded debt by real estate will speed up the settlement of bad debt

One of the most important points of Decree 08/2023/NĐ-CP amendments to some articles of decree prescribing the private placement and trading of privately placed corporate bonds is allowing swaps of bonded debt with real estate.
Improve the fairness and transparency of the stock market, protect investors against volatility

Improve the fairness and transparency of the stock market, protect investors against volatility

JICA has committed to supporting Vietnam Stock Exchange, helping the State Securities Commission to strengthen the capacity of management and supervision
Corporate bond issuance surges in March after prolonged inactivity

Corporate bond issuance surges in March after prolonged inactivity

The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance.
Expectations to boost the corporate bond market

Expectations to boost the corporate bond market

VCN - The corporate bond market is expected to be opened up after Decree 08/2023/ND-CP amends, supplements and ceases the effect of a number of articles in the issued decrees regulating the offering and trading of privately issued corporate bonds. New reg
Additional assignment and adjustment of the medium-term public investment plan for the period of 2021-2025

Additional assignment and adjustment of the medium-term public investment plan for the period of 2021-2025

Deputy Prime Minister Le Minh Khai signed Decision 215/QD-TTg on additional assignment and adjustment of the medium-term public investment plan with central budget capital in the 2021-2025 period for projects of internal ministries, and central and local
Vietnam joins Multilateral Convention to tackle tax evasion and avoidance

Vietnam joins Multilateral Convention to tackle tax evasion and avoidance

The Organisation for Economic Cooperation and Development (OECD) and Vietnam on March 22 signed the world’s most wide-reaching international treaty for multilateral tax cooperation, the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC), bringing the total number of jurisdictions that participate in the convention to 147.
The bankruptcy of some American banks cannot create a financial crisis

The bankruptcy of some American banks cannot create a financial crisis

The recent collapse of several small and medium-sized US banks has raised concerns about the possibility of a financial crisis.
Mr. Hoang Van Thu appointed as Vice Chairman of Securities Commission

Mr. Hoang Van Thu appointed as Vice Chairman of Securities Commission

VCN – On the afternoon of March 20, 2023, the State Securities Commission (SSC) held a ceremony at the headquarters, to announce the decision of the Minister of Finance to appoint Mr Hoang Van Thu Deputy Director of the Department of Corporate Finance (
HCM City set an objective of 100% of e-invoices from cash registers

HCM City set an objective of 100% of e-invoices from cash registers

The People's Committee of Ho Chi Minh City issued a document directing affiliated departments, branches and localities to focus on implementing solutions to ensure 100% of e-invoices initialized from cash registers
Loan interest decreased due to lower deposit interest rates

Loan interest decreased due to lower deposit interest rates

VCN - According to information from the State Bank (SBV), from March 6, four state-owned commercial banks (Vietcombank, BIDV, VietinBank, and Agribank) decreased by 0.2%/year, commercial joint stock banks decreased by 0.5%/year compared to the interest ra
Time for tax settlement for 2022

Time for tax settlement for 2022

VCN - The tax sector has prepared technology infrastructure and enhanced online support to help taxpayers conveniently fulfill their obligations to the State budget.
Creating a breakthrough in disbursement of public investment capital

Creating a breakthrough in disbursement of public investment capital

VCN – In order for the public investment disbursement rate in 2023 to reach the set target, from the first months of the year, many fundamental and feasible solutions have been taken to remove problems in this work.
Vietnam, China boost cooperation in SOE reform, development

Vietnam, China boost cooperation in SOE reform, development

Vietnam’s Committee for Management of State Capital at Enterprises (CMSC) and the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) held a conference on reform and development of State-owned enterprises (SOEs) in Beijing on March 18.
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Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
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