Vietnamplus

Minister of Finance Ho Duc Phoc highly evaluated financial cooperation between Vietnam and the US as he received US Secretary of the Treasury Janet Yellen in Hanoi on July 21.

More than 3.22 trillion VND (136.65 million USD) of public investment capital from foreign sources was disbursed in the first six months of this year, completing 27.2% of the target set for the whole year, according to Truong Hung Long, Director of the Department of Debt Management and External Finance under the Ministry of Finance (MoF).

Petrol prices were reduced in the latest adjustment from 15:00 on May 4 by the Ministry of Industry and Trade, and the Ministry of Finance.

Indonesia’s Finance Ministry is planning to allocate up to 200.8 trillion Rp (13.4 billion USD) for the 2024 health care budget to tackle stunting and high tuberculosis concerns.

The Malaysian government remains committed to implementing policies that can bolster the nation’s economic growth and competitiveness to attract funds that will strengthen the international reserves and the ringgit.

Petrol prices were reduced in the latest adjustment from 3pm on March 1 by the Ministry of Industry and Trade, and the Ministry of Finance.

Malaysian Finance Ministry has stressed that Malaysia will not suffer an economic crisis in 2023 despite the challenges of global uncertainty.

Thailand’s Finance Ministry on March 7 announced that the Thai cabinet has approved a law to allow the Bank of Thailand to regulate the business of leasing cars and motorcycles to strengthen consumer protection and tackle household debt.

Malaysia’s Finance Ministry (MoF) said on February 16 that the government has not yet intended to impose a carbon tax in the near future.

Vietnam’s Finance Ministry will continue to create favourable conditions for foreign direct investment (FDI) companies to operate effectively and sustainably in the country, Finance Minister Ho Duc Phoc said on January 10 when meeting Samsung Electronics President and Chief Financial Officer Park Hark-kyu.

General Director of the General Department of Vietnam Customs (GDVC) Nguyen Van Can and Director-General of the European Anti-Fraud Office (OLAF) Ville Itälä signed a customs administrative cooperation agreement between the Vietnamese Finance Ministry and OLAF in Brussels on December 14.

The Ministry of Finance (MoF) has recently approved a scheme for tax reform until 2030, under which taxes on land and housing will be raised.

The Thai Ministry of Finance has indicated that the Thai economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but said this year’s outlook should still be achieved.

The Finance Ministry of Thailand plans to pump 10 billion baht (260 million USD) into Thai Airways International (THAI) to keep its shareholding in the company from dipping below 40%, according to the State Enterprise Policy Office (Sepo).

The Finance Ministry always offers all possible support to firms, especially distributors and retailers, to ensure stable petrol supplies, thus stimulating production-business and daily activities, said Minister Ho Duc Phoc.

State budget collection in the January-September period was estimated at over 1.32 quadrillion VND (55.9 billion USD ), reaching 94% of the yearly target, and up 22% from the same period last year, according to Deputy Finance Minister Nguyen Duc Chi.

The Indonesian Finance Ministry is planning to disburse 95 trillion Rp (6.32 billion USD) in budget funds to support national food security in 2023.

The Finance Ministry said on September 6 that Moody’s Investors Service has upgraded Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.

A supervisory delegation of the National Assembly (NA) held a meeting with the Ministry of Finance (MoF) on August 23 to look into the implementation of policies and laws on thrift practice and wastefulness prevention during 2016 - 2021.

The Ministry of Finance (MoF) has issued targets for restructuring banks in a bid to bolster the strength of Vietnam’s financial sector.