Cooling exchange rate volatility
14:10 | 17/10/2014 Finance - Banking
(VEN) - In the first three days of October, the exchange rate between the Vietnamese dong and US dollar increased VND30-50 per US dollar compared to the previous months due to exchange rate adjustment rumors. However, official confirmation that there would be no changes by the State Bank of Vietnam quashed volatility.
The first domestic ETF listed and traded
10:07 | 16/10/2014 Finance - Banking
(VEN) - On October 6, 2014, the first Exchange Traded Fund (ETF), E1VFMVN30, was officially listed and traded at the Ho Chi Minh City Stock Exchange (HOSE), contributing to restructuring and diversifying products in the securities market to attract investment.
Adding regulations on foreign contractors’ tax collection
16:08 | 15/10/2014 Finance - Banking
(VEN) - The Ministry of Finance issued Circular 103/2014/TT-BTC on supplementing regulations on foreign contractors’ tax collection operating in Vietnam. A number of amended and supplemented articles took effect on October 1, 2014 in order to create favorable conditions for foreign investors doing business in Vietnam.
Adding regulations on tax payment deadline
15:14 | 14/10/2014 Finance - Banking
(VEN) - On October 1, the government issued Decree 91/2014/ND-CP on amending and supplementing a number of articles in tax decrees, including adding regulations on tax payment deadline stipulated in Decree 83/2013/ND-CP dated July 22, 2013.
Lending interest rates continue decreasing
16:09 | 13/10/2014 Finance - Banking
(VEN) - Credit has recorded steady growth in recent months while liquidity among credit organizations has remained plentiful. These favorable factors will significantly contribute to help credit growth complete a target of 12-14 percent this year.
Supplemental regulations on tax payment issued
15:23 | 09/10/2014 Finance - Banking
(VEN) - On October 1, the government promulgated Decree 91/2014/ND-CP amending and supplementing some articles of Decree 83/2013/ND-CP dated July 22, 2013 which consisted of detailed stipulations on the implementation of some articles of the Tax Management Law and the Law which amended and supplemented some contents of the Tax Management Law.
Developing tax management system
16:52 | 08/10/2014 Finance - Banking
(VEN) - The application of information technology is crucial to improving the effectiveness of tax management to promote the taxation sector’s administrative reform and modernization. The General Department of Taxation recently organized a meeting to develop the tax management system (TMS) for 18 taxation departments of provinces and cities in the northern region.