Vietnamplus

The Ministries of Finance of Vietnam and Hungary signed a memorandum of understanding (MoU) on financial cooperation in Hanoi on October 16.

Reforms of checks on imported products will help improve the business climate while reducing time and costs, which will give significant room for growth, Minister and Chairman of the Government Office Mai Tien Dung has said.

State budget collection in the first nine months of this year reached 975.3 trillion VND (42.4 billion USD), equivalent to 64.5 percent of the estimate and representing a drop of 11.5 percent year-on-year, according to the Ministry of Finance.

Relevant ministries, sectors and localities should focus demand-supply forecast, and be cautious of the property market developments to prevent a housing bubble this year, Deputy Prime Minister Trinh Dinh Dung said at a recent meeting.

The Ministry of Finance is collecting feedback on a draft circular to help market regulators oversee trading activities on the stock market.

Companies collected a total of 38.4 trillion VND (1.7 billion USD) via bond issuances in August, according to statistics from the Hanoi Stock Exchange (HNX).

The Ho Chi Minh Stock Exchange (HoSE)’s pre-tax profits increased 19 percent year-on-year in the first six months to 238 billion VND (10.3 million USD).

The ceiling retail price of RON95 petrol was adjusted up 192 VND to 15,114 VND (0.65 USD) a litre in the latest review by the Ministry of Industry and Trade and the Ministry of Finance on August 27.

The Ministry of Finance (MoF) launched an open budget portal at https://ckns.mof.gov.vn/ on August 26.

The Ministry of Finance has proposed amendments to the decree about casino businesses to create favourable conditions for investors.

If serious turbulence is caused by large-scale sell-offs and considered a threat to the security of the equity market, the Ministry of Finance will have to switch the market off.

Retail prices of some petrol products were reduced slightly in the latest review by the Ministry of Industry and Trade and the Ministry of Finance, with effect from 3pm on August 12.

The Government’s policy of a five-month extension for tax payment deadlines did not attract a large number of firms.

Deputy Prime Minister Truong Hoa Binh chaired a meeting on August 10 to review draft decrees that amend and supplement a number of Government decrees on equitising State-owned enterprises (SOEs) and divesting State capital from businesses.

The investigation into the Japanese-invested Tenma Vietnam company’s allegation of bribing civil servants and tax and customs officers of northern Bac Ninh province is still ongoing, according to a police official.

The Ministry of Finance (MoF) of Malaysia has launched a credit programme worth 750 million RM (179 million USD), aiming at boosting consumer spending in the country as one of initiatives under the Economic Recovery Plan (PENJANA). ​

The Ministry of Finance will maintain low service charges for investors and companies when trading securities products until June 30, 2021.

The Ministry of Finance of Vietnam and the Treasury of New Zealand signed a memorandum of understanding (MoU) on financial cooperation in Hanoi on July 23.

Vietnam and New Zealand have agreed to facilitate border clearance of agricultural, forestry and aquatic products through the use of electronic certification (e-Cert).

Prime Minister Nguyen Xuan Phuc has approved a plan to implement an agreement between Vietnam and the US on mutual customs assistance.