Purchasing power weak as households tighten spending
According to the Ministry of Finance, the shopping demand for Tet this year has decreased compared to previous years because many households have tightened spending.
Implementation of 2-percent interest rate support package remains sluggish
The implementation progress of the 2-percent interest rate support package is extremely slow, the Ministry of Finance informed at a press conference for the fourth quarter of 2022 on January 9 in Hanoi.
Six ministries, four localities see zero percent disbursement rate
By November 30, 54 localities and ten ministries had a disbursement rate below 50 percent. Of these, six ministries and four localities had zero percent disbursement rate. Three ministries and five localities saw a disbursement rate of over 50 percent of the capital plan.
Ministry continues to consider adjusting costs of petrol
The Ministry of Finance (MoF) is taking steps to stabilize domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh, Director of the MoF’s Price Management Department.
Fuel enterprises find it difficult to access foreign currency, credit sources
According to a report of the Ministry of Industry and Trade at a press conference on November 15, while fuel prices increase, and the USD/VND exchange rate climbs, many fuel enterprises face difficulties in accessing foreign currency and credit sources (businesses are not eligible for loans at credit institutions).
Ministry of Finance continues to give recommendations on corporate bonds
The Ministry of Finance continued to make recommendations on the operation of the corporate bond market on November 14. Since 2019, this has been the 17th warning to corporate bond issuers, market participants, and individual investors.
Ministry does normative cost calculation for price of petrol
The Ministry of Finance yesterday sent an official dispatch to the Ministry of Industry and Trade about the normative cost calculation of the base price of petrol which was proposed to apply from November 11.
Economic recovery plan to boost national growth
Vietnam should focus on accelerating the disbursement of public investment and the economic recovery programme in the next two years to promote national growth, according to Le Thi Thuy Van, deputy director of National Institute for Finance under the Ministry of Finance.
Petrol prices continue to rise in latest adjustment
Retail prices of oil and petrol increased starting from 3 p.m. on October 21, following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Petrol prices down in latest adjustment
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.
Transport fees cut by 20-50 percent from October 1
The Ministry of Finance decided to cut transport fees by 20-50 percent as a move to combat the rise in cost of living.
Petrol prices continue to drop
Petrol prices continued to be adjusted down in the latest adjustment made on September 21 by the Ministries of Industry and Trade, and Finance.
Only US$12.7 mln left in fuel price stabilization fund
The Ministry of Finance has just announced the balance of the petrol price stabilization fund by the end of the second quarter of the year to implement the principle of publicity and transparency in the administration of petrol and oil prices following Decree No.83 and Decree No.95 of the Government.
Moody’s upgrades ratings of 12 Vietnamese banks
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 buying corporate bonds
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.
Law on Personal Income Tax inconsistent
The Ministry of Finance recently submitted an amendment to the Law on Personal Income Tax (PIT) to the Standing Committee of the National Assembly.
MoF transfers 35 unusual stock mark cases to investigation unit
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.
Ministry proposes new plan to adjust MFN import tax rate for gasoline
The Ministry of Finance proposed a reduction of the import tax rate of Most Favored Nation (MFN) for unleaded fuel under the HS code from 2710.12.21 to 2710.12.29 from 20 percent to 10 percent instead of a reduction from 20 percent to 12 percent as suggested before.
Vietnam jumps nine places in Open Budget Survey 2021
Vietnam was placed 68th out of the120 countries in the Open Budget Survey (OBS) 2021 recently released by the International Budget Partnership (IBP), up nine spots against 2019 and 23 against 2017, the Ministry of Finance announced on June 9.
Officials detail crackdown on fake news, wrongdoings in capital market
An official of the Ministry of Public Security (MPS) mentioned measures for cracking down on fake news while another from the Ministry of Finance (MoF) highlighted ways to ensure the transparency of the financial, stock, and bond markets at the Government’s monthly press conference on April 29.