Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

VCN - Cuba is a potential market that has diversified import and export needs and does not require strict technical standards. However, the two-way trade turnover between the countries sees a low rate. Therefore, there is still a lot of space for developm
Being many "hot" issues at the general meeting of shareholders of banks

Being many "hot" issues at the general meeting of shareholders of banks

International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.
Bringing the policies on reducing land rent and water surface rent into life

Bringing the policies on reducing land rent and water surface rent into life

The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.
The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

VCN - According to Dr Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM), amid the downtrend of many of Vietnam's economic growth drivers, public investment is still expected to be the main driver for economic growth
Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee

Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee

Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee which was attended by Mr. Tran Tuan Anh, Chairman of the Central Committee's Economic Commission
Deputy PM urges hastened procedures for cancelled IDA loans

Deputy PM urges hastened procedures for cancelled IDA loans

Deputy Prime Minister Tran Luu Quang has signed a dispatch on the cancellation of World Bank (WB) loans due to the unusability, and the re-allocation and use of the cancelled International Development Association (IDA) loans in the 2022 - 2023 fiscal year.
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.
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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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