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The sixth ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) was held online in Hanoi on October 2.

Solutions to promoting sustainable finance in ASEAN, digital transformation in the financial service sector amid the fourth Industrial Revolution, comprehensive financial solutions, and regional digital commerce links were on the agenda of the 6th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM), held online on October 2.

Vietnamese Minister of Finance Dinh Tien Dung has shared Vietnam’s experience and financial mechanisms to cope with COVID-19 pandemic effectively with Ministers of Finance and Health of Asia-Pacific countries during a recent symposium.

The Joint Ministers of Finance and Health Symposium on Universal Health Coverage in Asia and the Pacific, with the theme “COVID-19 and Beyond”, was held online by the Asian Development Bank (ADB) in Hanoi on September 17, with the participation of various countries in the Asia-Pacific region.

The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.

State budget revenue in the first half of 2020 was down 10.5 percent against a year earlier and equal to just 44.2 percent of the annual estimate; the lowest since 2013, Minister of Finance Dinh Tien Dung told a conference in Hanoi on July 7.

It is unlikely that State budget revenue will reach the 2020 target approved by the National Assembly of over 1.51 quadrillion VND (64.89 billion USD) due to the impact of COVID-19, Minister of Finance Dinh Tien Dung has said.

Minister of Finance Dinh Tien Dung verified some issues regarding socio-economic development and State budget during the ninth session of the 14th National Assembly on June 15.

Minister of Finance Dinh Tien Dung has ordered the suspension of tax and customs officials implicated in the alleged bribery by Tenma Vietnam, a subsidiary of Japan’s plastic product maker Tenma Corporation, according to an official letter issued on May 26.

Minister of Finance Dinh Tien Dung has requested an urgent investigation into an alleged bribery of Vietnamese officials by Tenma Vietnam - a subsidiary of Japan’s plastic product maker Tenma Corporation.

National Assembly deputies discussed the development of agricultural production on May 25 with a focus on the draft resolution on agricultural land use tax exemptions.

The National Assembly (NA) Standing Committee continued its 44th session on April 28 with discussions on extending the legislature’s draft Resolution on agricultural land tax exemptions to the end of 2025.

The Ministry of Finance has suggested adding four sectors into the list of industries eligible for extension of tax and land lease payment deadlines with a total sum of 180 trillion VND (7.82 billion USD).

Minster of Finance Dinh Tien Dung on January 13 asked for greater efforts from the tax sector to well implement the budget collection plan for 2020 assigned by the National Assembly and the Government.

The Ministry of Finance aims for State budget revenue in 2020 to be 3 percent higher than the estimate set by the National Assembly, said Minister Dinh Tien Dung on January 10.

State budget collection made up 25 percent of the national gross domestic product (GDP) in 2019, with tax and fee accounting for 21 percent, the Ministry of Finance reported.

Finance Minister Dinh Tien Dung presented a report on the State budget performance in 2019, estimates for 2020 and the five-year financial plan (2016-2020) to the National Assembly on October 31.

Vietnam’s outstanding tax payments had reached 88.25 trillion VND (3.8 billion USD) as of September, up 8.2 percent from the end of 2018, Finance Minister Dinh Tien Dung said.

Lawmakers on September 17 agreed on the need to issue a draft decree regulating customs procedures for goods transiting Vietnam via the ASEAN Customs Transit System.

Construction of Vietnamese-funded Dongkhamxang Academy of Economics and Finance began its third phase in the Lao capital Vientiane on July 19.