Guiding use of invoices for export procedure processing, tax finalization

11:14 | 30/06/2014 Finance - Banking

(VEN) - The Ministry of Finance recently announced Document 7924/BTC-TCHQ guiding customs and taxation departments of provinces and cities, regarding the use of invoice for export procedure processing and tax finalization.
Pilot collection of one stop shop fees and charges

15:46 | 26/06/2014 Finance - Banking

(VEN) - Ministry of Finance issued Circular 69/2014/TT-BTC guiding the pilot collection of one stop shop charges and fees at the Lao Bao International Border Gate on the East-West Economic Corridor.
Restructuring the banking system

14:10 | 25/06/2014 Finance - Banking

(VEN) - Restructuring the banking system has been drastically implemented by merging weak banks and progressing towards a more healthy system, contributing to ensuring stable operations. However, the International Monetary Fund (IMF) said that Vietnam needed to make greater effortas.
Clearing queries about tax, customs policies

15:05 | 20/06/2014 Finance - Banking

(VEN) - 10. E-customs a. Despite the implementation of e-customs, the number of papers to be signed and sealed remains numerous. When applying e-customs procedures and digital signatures, customs authorities should take off a step on signing and sealing on declarations. The customs should synchronously apply e-customs declarations such as adding documents or confirming clearance through the internet.
Increasing exchange rate stability and preferential credit disbursement

11:24 | 19/06/2014 Finance - Banking

(VEN) - State Bank of Vietnam Governor Nguyen Van Binh said that the exchange rate between the Vietnamese dong and US dollar will be kept stable and increased, if necessary, but by no more than two percent. He added that there will be credit programs for specific fields and subjects.
Global Banking and Finance Review honors SHB

10:19 | 15/06/2014 Finance - Banking

(VEN) - The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) said that the Global Banking and Finance Review recently named it the Vietnamese Fastest Growing Trade Finance Bank and the Vietnamese Most Creative Trade Finance Bank in 2014. SHB has been the only Vietnamese commercial bank to receive these awards so far.
Clearing queries about tax, customs policies

16:01 | 12/06/2014 Finance - Banking

(VEN) - Documents and administrative procedures remain cumbersome, causing difficulties for companies. In some cases of facing to difficulties such as small capital, unsold goods and incomplete tax report, representatives are likely to be suspended their legal status. If taxpayers continue doing production and business activities, they must complete tax obligations.
Clearing bad debts

14:02 | 09/06/2014 Finance - Banking

(VEN) - The government has implemented overall measures based on Decision 780 on dealing with bad debts and introduced the Vietnam Asset Management Company (VAMC) in order to execute the mission.
Vietnamese bond market rapidly develops

14:33 | 08/06/2014 Finance - Banking

(VEN) - The Asian Development Bank (ADB) announced its Asia Bond Monitor on June 4 saying that the Vietnamese bond market grew the fastest among emerging economies in East Asia.
Preferential credit for farmer-business connectivity models

14:07 | 03/06/2014 Finance - Banking

(VEN) - The State Bank of Vietnam, the Ministry of Agriculture and Rural Development and the Ministry of Science and Technology are considering cooperation on a pilot program for financing a connectivity model between businesses and farmers in order to multiply the model and promote high technology application in agricultural production and farm produce exports.
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