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Upgrade being sought for corporate bond market
Banking & Finance

Upgrade being sought for corporate bond market

After nine months of implementing new regulations on corporate bond issuance, the market continues to exhibit many problems. To upgrade the Vietnamese market from a marginal market to an emerging market, the Ministry of Finance is strengthening management and supervision and accelerating the restructuring process. From there, the market will meet standards in publicity, transparency, and safety as well as other factors, to build and develop a stable and sustainable financial market and integrate with the world’s financial and monetary markets.
Upgrade being sought for corporate bond market

Upgrade being sought for corporate bond market

After nine months of implementing new regulations on corporate bond issuance, the market continues to exhibit many problems. To upgrade the Vietnamese market from a marginal market to an emerging market, the Ministry of Finance is strengthening management and supervision and accelerating the restructuring process. From there, the market will meet standards in publicity, transparency, and safety as well as other factors, to build and develop a stable and sustainable financial market and integrate with the world’s financial and monetary markets.
Is accrued interest behind rising bank profits?

Is accrued interest behind rising bank profits?

Analysts suspect that the high profits posted by banks in the first nine months of the year is due to accrued interest, with the purpose of exhibiting financial capacity so they can more easily issue bonds to raise capital. A representative from the Vietnam Banks Association said that accrued interest is a “double-edged sword”.
Covid-hit business households exempted from taxes

Covid-hit business households exempted from taxes

Taxes on business households incurred in the second half of 2021 are to be exempted, an online training course held by the General Department of Taxation heard. Exempted taxes include personal income tax, value added tax, special consumption tax, natural resources tax, and environmental protection tax.
MoF seeking comment on report on State budget estimate

MoF seeking comment on report on State budget estimate

The Ministry of Finance (MoF) is collecting comments on the Public Report on the State Budget Estimate in 2022, which is to be submitted to the National Assembly. Collections in 2022 are estimated at VND1.4 quadrillion ($61.54 billion), while there are various changes in allocations.
MoF announces 5 Vietnamese public accounting standards

MoF announces 5 Vietnamese public accounting standards

The Ministry of Finance (MoF) announced five Vietnamese public accounting standards on October 29, creating the basis for the country to increase its credit rating. It will issue 16 more between now and 2024.

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