Vietnam – potential market for Deloitte Global: Deputy PM

Deputy Prime Minister Vuong Dinh Hue has described Vietnam as a promising market for Deloitte Global while meeting with its Chairman David Cruiskshank in Hanoi on November 13.
Vietnam – potential market for Deloitte Global: Deputy PM ảnh 1Deputy Prime Minister Vuong Dinh Hue (R) ​shakes hands with Deloitte Global Chairman David Cruiskshank in Hanoi on November 13 (Photo: baochinhphu.vn)
Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has describedVietnam as a promising market for Deloitte Global while meeting with itsChairman David Cruiskshank in Hanoi on November 13.

He said the Vietnamese Government moves toexpand financial auditing for public service units, adding that this isessential to ensure governance transparency.

He called on Deloitte to strengthen support forVietnamese enterprises to make public financial reports in accordance withinternational standards and issue bonds on domestic and international markets.

The official also hoped the global organisationto share experience with Vietnam’s Ministry of Finance in designing simpleauditing and tax calculation programmes for start-up enterprises.

Cruiskshank congratulated Vietnam on thesuccessful organisation of the ministerial meeting for countries joining theTrans-Pacific Partnership (TPP) – which now has the new name of Comprehensiveand Progressive Trans-Pacific Partnership (CPTPP).

He said he saw numerous cooperationopportunities in Vietnam in the coming time. 

With experience in defining the value ofequitised enterprises and issuance of corporate bonds, Deloitte is willing tosupport and cooperate with Vietnam in the field to increase transparency andback start-up activities, he affirmed.-VNA
VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.