15 Vietnam banks listed in Brand Finance Banking 500 2024 ranking
16:08 | 02/04/2024 Finance
Fifteen Vietnamese banks are named among the world’s top 500 most valuable banking brands this year according to the Brand Finance Banking 500 2024 ranking. In the recently released ranking, Vietcombank is the Vietnamese bank with the highest brand value in 2024. Globally, Vietcombank ranks 133rd, up 4 positions compared to 2023.
State revenue collection reached 31.7% of current appropriation in the first quarter
10:11 | 02/04/2024 Finance
VCN – According to General Department of Statistics, State revenue collection in quarter 1 is estimated to increase 9.8% compared to the same period last year. In particular, expenditure rose 8.3% over the same period in 2023, ensuring the demand of socio-economic development, national defence, security, state management, making payment of liabilities as well as paying for the subjects on time as stipulated.
Việt Nam to benefit from Fed’s rate cut
16:11 | 01/04/2024 Finance
According to experts, the Fed’s interest rate cut will support Việt Nam’s monetary policy management as the State Bank of Vietnam (SBV) may not be under pressure of dollar appreciation after the greenback weakens in the wake of the Fed’s rate cut.
Businesses manage to relieve cash flow pressure
08:22 | 31/03/2024 Finance
VCN – In early 2024, positive signs of the economy have returned. Exports grow; orders gradually come to the business community. However, businesses are still facing many difficulties and challenges, impacted by the decline of the world economy… Especially the pressure on capital for production and business activities was recovered and stabilized.
Minister of Finance Ho Duc Phoc works with WB Country Director for Vietnam
14:13 | 30/03/2024 Finance
VCN – Minister of Finance worked with the World Bank Country Director for Vietnam Carolyn Turk, who came to say goodbye at the end of her tenure.
Efficiency from inspection and supervision – a key factor for a transparent stock market
15:22 | 29/03/2024 Finance
VCN – Since the 2019 Securities Law officially took effect, the average annual number of penalty decisions has more than doubled compared to the period 2015-2020. This shows that the strictness of the law is being enforced effectively.
SBV approves designation of 14 important banks in 2024
15:11 | 29/03/2024 Finance
The State Bank of Vietnam (SBV) has issued Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country’s banking system in 2024.
Central bank urges card issuers to review procedures
14:40 | 27/03/2024 Finance
The State Bank of Vietnam (SBV) has issued a directive, demanding commercial banks to review their procedures in issuing and managing bank cards.
Warning about impersonating tax authorities to commit fraud during tax finalization month
10:22 | 27/03/2024 Finance
VCN – The Tax industry has continuously provided information and issued warnings about impersonating tax officials and tax authorities to commit fraud against taxpayers, but there are still people who fall into the trap of these fraudsters, especially during the peak month of tax settlement.