Thai Minister of Finance Uttama Savanayana has announced that the government plans to launch a tax refund mobile application by the end of this month in a bid to increase tourism spending.
Deputy Prime Minister Vuong Dinh Hue has proposed FWD Insurance of the Pacific Century Group participate in green financial funds for start-up and innovation projects in Vietnam.
Vietnamese Prime Minister Nguyen Xuan Phuc attended the 22ndASEAN Plus Three (China, Japan and the Republic of Korea) Summit in Bangkok, Thailand,on Nov 4 as part of the ongoing 35th ASEAN Summit and related summits.
The State Treasury raised more than 9.65 trillion VND (415.87 million USD) via 15 auctions of Government bonds (G-bonds) at the Hanoi Stock Exchange (HNX) in September.
Over the past 10 years, the interest rates of successfully-issued Government bonds (G-bonds) have decreased significantly, saving thousands of billions of VND for the State budget, contributing to regulate and stabilise the macroeconomy.
Vietnam’s local currency bond market grew 2.6 percent to 52.9 billion USD in the second quarter of this year, after a 0.7 percent expansion in the first quarter.
The State budget’s domestic revenue in the first eight months of 2019 is estimated at 808.8 trillion VND (34.8 billion USD), according to the Ministry of Finance.
The State Treasury raised close to 10.85 trillion VND (466.5 million USD) via 13 auctions of Government bonds (G-bonds) at the Hanoi Stock Exchange (HNX) in August.
Vietnam’s major trading bourse Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profit dropped by almost half year-on-year to 200 billion VND (8.6 million USD).
The State Treasury of Vietnam mobilised a total of 1.85 trillion VND (nearly 80 million USD) via auctions of Government bonds at the Hanoi Stock Exchange (HNX) this week.
Maxfield Brown, a representative of Dezan Shira & Associates, has said it is time for foreign investors to pour capital into infrastructure in Vietnam.
The State Treasury disbursed a total of 107.7 billion VND (4.6 million USD) as investments in the first half of 2019, equivalent to only 29.7 percent of the set target.
Foreign investors are getting access to various master plans and priority infrastructure projects and hearing directly from policymakers and authorities at the Infrastructure Vietnam Summit that opened on July 25 in Ho Chi Minh City.
The State Treasury of Vietnam on July 24 mobilised more than 7.02 trillion VND (302.04 million USD) via auctions of Government bonds at the Hanoi Stock Exchange (HNX).
The State Treasury of Vietnam recently mobilised a total of 8 trillion VND (344.9 million USD) via auctions of Government bonds at the Hanoi Stock Exchange (HNX).
About 745.4 trillion VND (32 billion USD) was collected for the State budget in the first half of 2019, equivalent to 52.8 percent of the year’s target and up 13.2 percent year on year, according to the Ministry of Finance (MoF).
The launch of Government bond futures contracts will give the derivatives market a larger selection of investments and the contracts promise to become an effective tool to prevent interest rate risks.
The State Treasury has mobilised 2 trillion VND (86 million USD) from selling Government bonds at an auction held at the Hanoi Stock Exchange this week.
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