New VAT rates on imports
16:28 | 07/08/2014 Finance - Banking
(VEN) - The new Value Added Tax (VAT) rates would take effect on August 10, 2014, following Circular 83/2014/TT-BTC regarding goods which are imported, produced, traded and used under the List of Vietnamese Exports and Imports attached to Circular 156/2011/TT-BTC.
Preferential credit for fisheries development
15:40 | 04/08/2014 Finance - Banking
(VEN) - State Bank of Vietnam Governor Nguyen Van Binh said that fishermen, especially those involved in offshore fishing, will benefit from many favorable conditions including loans of more than 10 years with an interest rate lower than the stipulated for building and improving fishing boats. With cooperation from local authorities, the State Bank will instruct banks to assure related procedures are accomplished promptly to make it possible for fishermen, businesses and cooperatives to have easy access to capital.
SHB Sporting Account: Good product, perfect service
17:02 | 31/07/2014 Finance - Banking
(VEN) - The Saigon-Hanoi Commercial Joint Stock Bank (SHB) recently had the honor of having its Sporting Account recognized as “Good product - Perfect service 2014” by the Vietnam Union of Science and Technology Associations, the Vietnam Standards and Consumers Association and the National Office of Intellectual Property of Vietnam under the Ministry of Science and Technology.
Tax exemption for interest from loans of JFC and JBIC
15:22 | 31/07/2014 Finance - Banking
(VEN) - According to Document 2623/TCT-HTQT issued by the General Department of Taxation on July 10, 2014, the Ministry of Foreign Affairs has issued Notice 37/2014/TB-LPQT on the exchange of letters on the application of double taxation avoidance agreement between Vietnam and Japan with the Japan Finance Corporation (JFC) and the Japan Bank for International Cooperation (JBIC), signed in Hanoi on April 15, 2014 and effective ever since.
Popularizing WB’s model projects
15:32 | 29/07/2014 Finance - Banking
(VEN) - For five years using the World Bank (WB)’s official development assistance (ODA) loans totaling US$200 million and additional funding from financial institutions and contributions of end-borrowers through the Third Rural Finance Project, US$487 million or VND9.8 trillion has been invested in Vietnam’s rural areas. About 135,000 individuals and businesses and more than 70,000 poor households have been offered access to finance to improve their lives.
Estimating budget revenue based on import, export forecasts
15:35 | 28/07/2014 Finance - Banking
(VEN) - The Ministry of Finance recently provided guidance for the General Department of Vietnam Customs to exceed the tax collection plan for 2014 and estimate the state budget revenue for 2015 based on careful analyses and forecasts about economic growth and import, export activities.