State budget revenue has reached 68.5 per cent of the estimate as of mid-July, a year-on-year increase of about 15 per cent. Full Article
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Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market 24/07
The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011. The caps were gradually adjusted down to zero per cent from the end of 2015.
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Central bank works to ensure macroeconomic stability, inflation control 24/07
The State Bank of Vietnam (SBV) will manage interest rates in accordance with macroeconomic balance and inflation in the second half of 2024 to ensure macroeconomic stability and inflation control, an SBV official said on Tuesday.
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Consumer lending faces challenges 22/07
It is a tough market but analysts believe that 2024 will open a new period of credit growth, including consumer credit.
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Savings of individual customers at banks hit record high 19/07
In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.
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Petrol distributors not allowed to buy from each other: Draft 18/07
With a large number of 298 petrol distributors, if the distributors are allowed to buy from each other, controlling the origin, quality and quantity of petroleum will be very difficult for the State management agencies.
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MoF considers withdrawing 50 per cent car registration fee reduction proposal 18/07
The Ministry of Finance (MoF), in the latest submission to the Government, has proposed a plan to consider not reducing registration fees for domestically produced and assembled cars.
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H1 State budget revenue increases over 17%: MoF 17/07
More than VNĐ1 quadrillion (US$40.9 billion) was collected for the State budget in the first half of 2024, equivalent to 61 per cent of this year’s target and up 17.7 per cent from a year earlier, reported the Ministry of Finance (MoF).
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HCM City Tax Department refunds VNĐ4.7 trillion of VAT 17/07
The HCM City Tax Department said that in the first six months of the year, the department refunded nearly VNĐ4.7 trillion (US$203 million) of value-added tax (VAT) to businesses in the area.
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Mobile Money users in Vietnam rise rapidly 16/07
The Government has extended the Mobile Money service pilot implementation period following early signs of success.
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Cheap money period in Vietnam forecast to come to an end 16/07
The period of cheap money in Vietnam is coming to end as deposit interest rates are increasing, say finance experts
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Taxing gold buyers is a tax-on-tax, say experts 16/07
Taxing gold purchases so that people 'love' gold less needs to be thought out, not just imposed arbitrarily, to avoid a tax on tax, say experts
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Compulsory e-signature might be a cost burden: banking association 15/07
The Vietnam Banking Association has advised the Ministry of Information and Communications that e-signatures should not be compulsory right now due to the cost implications.
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PM asks SOEs to consider hiring foreign CEOs to improve efficiency 15/07
Prime Minister Phạm Minh Chính has asked the State-owned enterprises (SOEs) to pilot the recruitment of foreign chief executive officers (CEOs) and those who are not members of the Communist Party of Việt Nam for managing positions.
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Vietnamese cashback app aims for 10 million users by 2025 15/07
The app features intelligent routing with maps to help users find goods and services in their vicinity, including competitive information to aid decision-making.
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