M&A in the banking sector

10:06 | 08/09/2014 Finance - Banking

(VEN) - Mergers and acquisitions (M&A) in the banking sector in 2014 are not as common as in previous years when most of the M&A cases involved smaller banks merging into larger banks. This year a number of leading banks merged to create greater strength.
Selecting enterprises for VAT refund implementation

15:18 | 05/09/2014 Finance - Banking

(VEN) - The General Department of Taxation issued Decision 1307/QD-TCT on selecting enterprises for VAT refund implementation for goods purchased in Vietnam by foreigners and overseas Vietnamese.
Boosting card-based payments

11:12 | 03/09/2014 Finance - Banking

(VEN) - Non-cash payments are becoming more widespread in Vietnam. This can be seen through the growing number of card users, automated teller machines (ATMs) and points of sale (POS). The State Bank of Vietnam (SBV) said that along with promoting payments through POS, many commercial banks had asked for permission to provide payment services through mobile points of sale (mPOS).
Standard Chartered Vietnam wins Excellent Working Team award

11:31 | 02/09/2014 Finance - Banking

(VEN) - State Bank Governor Nguyen Van Binh gave an Excellent Working Team award to Standard Chartered Vietnam on August 27 for a second year in recognition of its outstanding achievements and contributions to the community in 2013.
Proposed solutions to ease difficulties for businesses

15:15 | 28/08/2014 Finance - Banking

(VEN) - The Ministry of Finance (MoF) recently submitted to the government some tax solutions helping businesses overcome difficulties. Accordingly, the MoF proposed a not more than 60 day extension of the time limit for paying the value added tax imposed on the import of machinery and equipment with total value of VND100 billion or higher.
Promoting VAT refund for foreigners

14:04 | 26/08/2014 Finance - Banking

(VEN) - The realization of value added tax (VAT) refund for foreigners buying goods in Vietnam and exiting the country proved that Vietnam’s tax policy has begun to meet international practices. However, only a modest number of visitors have taken advantage of the refund.
Many tax incentives for enterprises

16:25 | 21/08/2014 Finance - Banking

(VEN) - Ministry of Finance Circular 78/2014/TT-BTC not only reduced Corporate Income Tax (CIT) by 3 percent to 22 percent but also provided many other incentives to enterprises.
Capital solutions for the real estate market

11:39 | 19/08/2014 Finance - Banking

(VEN) - Encouraging the more healthy development of the real estate market and resolving the issue of bad debts will not only help warm up the property market but also help the financial market better grow, experts claimed at a recent Bank for Investment and Development of Vietnam (BIDV) seminar which analyzed Japan’s real estate and financial institution experience and policy implications for Vietnam recently held in Hanoi.
Gradual integration of accounting, auditing activities

11:09 | 18/08/2014 Finance - Banking

(VEN) - Despite huge progress, the Vietnamese accounting and auditing sectors have continued completing their legal regulations, professionalism and occupational standards to integrate with international rules.
Controlling VTA refund frauds

11:25 | 15/08/2014 Finance - Banking

(VEN) - The Ministry of Finance recently issue Document 10024/BTC-TCT asking tax and customs authorities of centrally governed provinces and cities to take measures to control value added tax (VAT) refund frauds related to goods exported through overland border crossings.
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