"Decree 20 also gives the tax authorities the power to use internal databases for TP assessment purposes in the case of a taxpayer being deemed non-compliant with the requirements of the decree."
VPBank has released a circular asking for shareholder approval to issue $1.12 billion worth of international bonds between 2019 and 2020.
At a conference titled ‘Digital banking and the specific ecosystem’ held by news portal Bizlive, Nguyen Chien Thang, VPBank Director of Digital Sales & Partners, said that digital banking is an inevitable development path for banks.
Local credit institutions had settled bad debts worth VND907.33 trillion (US$38.9 billion) between 2012 and March this year, said Nguyen Trong Du, deputy chief inspector of the Banking Inspection and Supervision Agency under the State Bank of Vietnam (SBV).
Techcombank has officially been given approval from the State Bank of Viet Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to eight.
The State Bank of Viet Nam (SBV) will continue to follow a pro-active, flexible and cautious monetary policy as well as working in close conjunction with fiscal and other policies to control inflation, sustain the macro-economy and support economic growth in the second half of this year.
National Assembly (NA) deputies on Thursday passed the draft amendment of the Law of Tax Management with 91.32 per cent of all deputies approving the draft law.
The Vietnam Debt and Asset Trading Corporation will auction a 0.34 percent stake in Maritime Bank this month.
The State Bank of Viet Nam (SBV) will abolish the daily transaction limit of VND20 million (US$854) for personal e-wallets but keep the monthly limit of VND100 million per month, according to Director of SBV’s Payment Department Pham Tien Dung.
The State Bank of Vietnam plans to scrap the VND20 million ($856) daily transaction limit for e-wallet users, only retaining a monthly cap.