Inflationary pressure stems from commodity price fluctuations
09:54 | 12/04/2024 Finance
VCN – According to a report from the Ministry of Finance, the domestic market prices in the first quarter were stable and fluctuated in accordance with the price management scenario of the Price Management Steering Committee. However, the current impact from adjusting the prices of essential goods is a pressure on inflation control.
SMEs offered loans at preferential rates of 1.2-4.4%
14:26 | 11/04/2024 Finance
To create additional capital mobilisation channels for small- and medium-sized enterprises (SMEs), Vietnam’s Small- and Medium-sized Enterprise Development Fund under the Ministry of Planning and Investment is offering SMEs loans at preferential interest rates of 1.2-4.4% per year.
Public investment disbursement needs to be accelerated to boost growth: insiders
15:04 | 09/04/2024 Finance
Public investment is currently still an important growth driver, which needs to be accelerated so as to help the economy achieve a 6.5% growth this year, according to insiders.
Banks seek to attract foreign capital
10:50 | 09/04/2024 Finance
VCN – Banks are actively developing plans to attract capital from foreign investors through various methods, aiming to enhance their capital “buffers” and improve their management and operational standards to meet international levels.
Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation
10:49 | 09/04/2024 Finance
VCN – In the first 3 months of 2024, total revenue collection is estimated to reach VND539.5 trillion, equal to 31.7% of current appropriation, an increase of 9.8% over the same period in 2023. According to the Ministry of Finance’s assessment, revenue of the first quarter of 2024 is quite good compared to current appropriation, mainly due to the concentration of revenues arising in the fourth quarter of 2023 and the difference according to the tax finalization 2023 following the regime of declaration and payment to the state budget in the first quarter of 2024.
Continue to implement and complete important customs cooperation initiatives in ASEAN
10:48 | 09/04/2024 Finance
VCN – Talking to the press on the sidelines of the 28th ASEAN Finance Ministers’ Meeting (AFMM 28) taking place in Luang Prabang, Laos, Vietnam’s Minister of Finance Ho Duc Phoc emphasized that the meeting affirms the determination of ASEAN financial agencies to strengthen cooperation and work together to solve common challenges of the region in the context of the world and the region facing many changes, difficulties and challenges.
28th AFMM, 11th AFMGM gain great success
10:48 | 09/04/2024 Finance
VCN – In the framework of ASEAN 2024 Financial Cooperation, the 28th ASEAN Finance Ministers’ Meeting, the 11th ASEAN Finance Ministers’ and Central Bank Governors’ Meetings and related conferences were held in Luang Prabang, Laos from April 4-5. Minister of Finance Ho Duc Phoc led the delegation of the Ministry of Finance of Vietnam to attend the meetings.
Many positive signals from stock market upgrade
10:06 | 08/04/2024 Finance
VCN – Many crucial knots in the process of upgrading the stock market are being untangled by the Government and relevant agencies. Thanks to proactive moves from the management agencies, experts assessed that the stock market was likely to be upgraded according to the set objectives.
Promote the implementation of audit recommendations to prevent violations in public financial management
10:03 | 08/04/2024 Finance
VCN – Recently, besides many ministries, branches, localities and units that have made efforts to implement audit conclusions and recommendations, there are still many conclusions and recommendations that have not been implemented. Many audit recommendations have been “on hold” for many years, leading to a backlog of financial resolution recommendations amounting to trillions of dong. For the implementation of recommendations to achieve high results and prevent violations in the management of public finances and public assets, there needs to be a synchronous solution from many sides.