Due to growing demand, MB and F88 have formalised a partnership to enhance financial access across Việt Nam.
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Five banks qualify for year-end credit expansion 16/12
Five banks, including Vietinbank, ACB, VIB, Techcombank and MSB, have qualified for the credit room expansion in the last time of this year
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Lending interest rates this year reduced by 0.44 pp compared to 2023 16/12
According to SBV’s Governor Nguyen Thi Hong, credit growth has created strong momentum for the economy to recover and develop as it continues to face challenges.
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Many banks increase deposit interest rates in the year-end period 16/12
In early December, savings interest rates diverged, with some banks raising rates to attract capital, while others lowered them to cut costs, a trend experts predict will intensify.
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VN to regulate digital assets with digital law 13/12
"When digital assets are officially defined and regulated, it will contribute to protecting user rights, minimising risks, promoting the digital economy, attracting investment and enhancing innovation," said the Vice Chairman of the Việt Nam Blockchain Association (VBA).
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Banks face difficulties in balancing capital raising and lending 13/12
Banks use charter capital to cover shortages as lending exceeds capital raising, but experts warn this gap risks higher interest rates and banking system instability.
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Dialogue on tax and customs policies to ease business operations 10/12
The Ministry of Finance and the Việt Nam Chamber of Commerce and Industry on Tuesday held a dialogue on tax and customs policies with more than 500 companies, aiming to remove difficulties and create favourable conditions for business operations.
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Bank capital contribution needs investigation to prevent cross-ownership 10/12
Experts emphasised the need to investigate investments and capital contributions linked to banking sector big bosses to curb cross-ownership and manipulation.
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More tax law reforms needed to address e-commerce challenges 09/12
E-commerce growth has boosted Vietam's economy but created tax challenges, prompting revisions to the Tax Administration and VAT Laws for better compliance.
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PM direction to promote credit management solutions 05/12
The PM ordered the central bank to enhance inspection, examination, control and close supervision of credit granting and interest rate announcements and to promptly and strictly handle violations, according to regulations.
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2-per-cent VAT reduction extended to the end of June 02/12
The National Assembly has approved an extended reduction of value added tax (VAT) from 10 per cent to 8 per cent until the end of June.
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E-commerce platforms to declare, pay taxes on behalf of sellers from April 1, 2025 02/12
E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.
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State bank increases credit growth limit for banks for second time this year 29/11
The credit growth target was set at approximately 15 per cent at the beginning of the year.
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PM asks central bank to accelerate lending to businesses 28/11
Prime Minister Pham Minh Chinh signed an official dispatch on Wednesday requesting the State Bank of Vietnam to enhance credit management in the remaining months of this year to accelerate lending for production and business.
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Finance ministry proposes changes in new personal income tax law 28/11
The replacement law is set to be approved by the National Assembly at its 11th session in May 2026.
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