The Ministry of Finance (MoF) has proposed a draft to reduce corporate income tax by 30 per cent to support pandemic-hit businesses for the 2021 financial year.
Due to the adverse impacts of climate change, green growth financing projects play a very important role for the sustainable development of Viet Nam, experts have said.
Commercial banks have slashed more than VND8.8 trillion (US$386 million) in interest rates from July 15 to August 31 in support of businesses that have been severely affected by the novel coronavirus, said the State Bank of Vietnam on Wednesday.
A group of 16 commercial banks, accounting for 75% of total outstanding loans, has committed to foregoing around VND20.6 trillion ($906.3 million) in waiving and lowering interest rates for customers in the remainder of the year.
The corporate bond market has performed well in the seven months since its new legal framework was implemented, meeting the needs of enterprises. This capital raising channel is forecast to continue developing strongly.
Generali has been recognized among the “Most Honored Companies” in the insurance sector in the All-Europe Executive Team annual ranking by Institutional Investor, the specialist magazine and independent research company in the field of international finance.
The United Overseas Bank (UOB) has increased its charter capital in Viet Nam from VND3 trillion (US$128.8 million) to VND5 trillion ($214.6 million), following approval from the State Bank of Viet Nam earlier this month.
Banks have been promoting the mobilisation of medium- and long-term capital through bond issuance to meet the State Bank of Vietnam (SBV)’s requirements on capital adequacy ratio (CAR).
The team has made its best efforts to ensure its customers and distribution teams being well looked after.
Finance Minister Ho Duc Phoc has affirmed that the State budget is enough for expenditures planned by the National Assembly (NA) and the Prime Minister.