Finance

​Vietnam’s banks spearhead green credit initiatives

Never before has the term ‘green credit’ been so frequently mentioned by banks in Vietnam, who are now continuously collaborating with international...

Tax sector sees 10.7% rise in State budget revenue in four months

Total State budget collection in the first four months of this year was estimated at VNĐ640.29 trillion (US$25.20 billion), equivalent to 43 per cent...

Vietcombank regains top spot for largest pre-tax profit in Q1 2024

Vietcombank (VCB) reclaimed the top position for the largest pre-tax profit on the stock exchange in the first quarter.

MoF refuses to cut import tax for some materials of animal feed production

The Ministry of Finance has refused to reduce import tax rates for some crucial materials of animal feed production as proposed by Bến Tre Province's...

Bank deposits decline for first time in over two years

Banks’ deposits decreased for the first time in two years as of the end of March, according to data from the central bank.

PM urges Central bank to ensure positive growth in 2024

Local lenders are encouraged to provide incentives and attract individuals to take out consumer loans.

Banks announce plans to significantly increase capital

Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen...

Exchange rate pressures could affect interest rates

The VND/USD exchange rate has increased by 4.9 per cent since the beginning of the year, compared to an increase of 2.6 per cent for the whole of...

Vietnamese Gov't plans to continue VAT cut for second half of 2024

If the VAT reduction policy is continued for the last six months of the year, the total revenue loss for 2024 is projected to be approximately...

Government proposes extending VAT cut until year end

The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the...





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