The health of Vietnamese banks improves

10:22 | 29/09/2014 Finance - Banking

(VEN) - As a result of their restructuring efforts to improve the quality of credit and services, increase compulsory reserves and reduce bad debts, many domestic banks have maintained stable business growth and won the appreciation of foreign credit rating organizations.
Bac A Bank steadfast in commitment to people

11:11 | 26/09/2014 Finance - Banking

(VEN) - The North Asia Commercial Joint Stock Bank (Bac A Bank) celebrated its 20th anniversary on September 17, 2014. The bank has obtained outstanding achievements to become one of the biggest names in the Vietnamese banking sector.
Safe, effective operation of a derivatives market

10:02 | 24/09/2014 Finance - Banking

(VEN) - A Vietnamese derivatives market is expected to be put into operation in 2016. The State Securities Commission (SSC) is stepping up the construction of a legal framework to run this market safely and effectively.
Tax procedures for imports and exports

16:03 | 23/09/2014 Finance - Banking

(VEN) - The Ministry of Finance recently issued Circular 126/2014/TT-BTC providing guidelines on tax declaration and payment and other tax procedures subject to exports and imports.
Actively resolving bad debts

11:06 | 22/09/2014 Finance - Banking

(VEN) - Thanks to the project on restructuring credit organizations and handling bad debts, principles on the currency market have been restored and bad debts have also declined. However, the resolution of bad debts has still faced difficulties that the banking sector cannot resolve. These macro problems need the participation of ministries, departments, localities and the whole economy.
Guiding corporate income tax preferences for investment projects

10:45 | 19/09/2014 Finance - Banking

(VEN) - The Ministry of Finance announced Official Letter 12404/BTC-TCT on September 5 answering questions from businesses and economic zone authorities.
Guiding corporate income tax preferences for investment projects

14:53 | 18/09/2014 Finance - Banking

(VEN) - The Ministry of Finance announced Official Letter 12404/BTC-TCT on September 5 answering questions from businesses and economic zone authorities.
GDT’s feedback on personal income tax

15:13 | 11/09/2014 Finance - Banking

(VEN) - The General Department of Taxation (GDT) has responded to recommendations proposed by South Korean companies at an annual conference of the Ministry of Finance and South Korea companies on August 22 on not applying personal income tax on costs of lunches, mid-shift meals, housing, and air tickets more than one times per year for South Korean workers.
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.
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