Vietnamplus

After severe impacts of the COVID-19 pandemic, enterprises invested with state capital has begun to bounce back since 2021, according to the Ministry of Finance.

The Ministry of Finance said it does not support removing current special consumption taxes on petroleum in response to recent calls to drop taxes from the Vietnam Chamber of Commerce and Industry (VCCI).

Retail prices of oil and petrol increased starting from 3pm on October 11, following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Retail prices of oil and petrol dropped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

The Ministry of Finance (MoF) is drafting a proposal to reduce fees by 20 to 50% for four transport types to help the sector recover.

The Ministry of Finance (MoF) has proposed a reduction of the most favoured nation (MFN) tariff on a number of petrol products widely used in industrial production from 20% to 10% in an attempt to bring down the economy's input cost.

Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.

Ordinary citizens face higher risk in the current stock market environment, said the Ministry of Finance in a recent report released after a number of recent high-profile corporate scandals.

The total State budget collection in the first eight months of this year has been estimated at 1.2 quadrillion VND (51.3 billion USD), equivalent to 85.6% of the annual target, according to the Ministry of Finance.

International experience in public debt management was shared with Vietnam at a workshop held in Hanoi on August 23.

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.

Petrol prices were kept unchanged in the latest adjustment made on August 22 by the Ministries of Industry and Trade, and Finance, after five consecutive downward adjustments.

Vietnam’s public debt in the 2017-2021 period decreased dramatically from 61.4% of its GDP to 43.1%, according to the latest information released by the Ministry of Finance.

The Ministry of Finance sets to develop the foundation for a modern and transparent digital financial ecosystem based on big data and open data by 2025, according to the ministry’s digital transformation plan to 2025 with orientation to 2030 newly-signed by Minister Ho Duc Phoc.

Minister of Finance Ho Duc Phoc has responded in writing to a NA delegate of Lam Dong province on issues related to the management of capital, stock and bond markets.

The central city of Da Nang and the Ministry of Finance once again topped the Digital Transformation Index (DTI) rankings for 2021, the Ministry of Information and Telecommunications announced at the third meeting of the National Committee on Digital Transformation on August 8.

Prime Minister Pham Minh Chinh on August 3 urged stronger determination, efforts and actions to disburse public investment as part of the Government’s main priorities.

A working delegation of the Ministry of Finance led by Minister Ho Duc Phoc is paying a working visit to Germany from July 9-13, with the aim of exchanging experience in public finance management towards green growth, and boosting bilateral cooperation in finance.

The Ministry of Finance needs to coordinate with other agencies to research and report a plan on gasoline tax reduction to the Government, the Prime Minister and competent agencies for approval, Deputy Prime Minister Le Minh Khai, head of the National Financial and Monetary Policy Advisory Council, said on July 12.