VET Exclusive
Hanoi's fiscal capacity and its ambitious metro line scheme
Hanoi’s ambitious metro line expansion will require far more than fiscal capacity and new financing tools to deliver on its promise.
Banking & Finance
Vietnam, Singapore launch cross-border QR payment service
The new service links the payment infrastructures of Vietnam's National Payment Corporation (NAPAS) and Singapore-based Liquid Group.
VET Exclusive
For better development of the International Financial Center in Vietnam
Vietnam needs to make comprehensive and well-coordinated preparations in order to successfully develop its International Financial Center and secure a competitive position on the regional financial map.
Saigon Marina International Financial Centre inaugurated in Ho Chi Minh City
Ho Chi Minh City inaugurates Saigon Marina IFC, a landmark project anchoring Vietnam’s bid to become a regional financial hub.
$3.8 mln asset threshold set for domestic banks in International Financial Center
To establish a commercial bank in the IFC, a wholly domestically-owned bank must have minimum total assets of VND100 trillion ($3.8 billion); a wholly foreign-owned bank must have at least VND10 billion (over $380,000) in assets, while a foreign bank branch's parent must possess minimum total assets of VND20 billion (nearly $760,500).
Portal in support of taxpayers launched
The portal is to ensure that all taxpayers have easy, fast, accurate, and comprehensive access to tax-related information.
Businesses propose solutions to boost private sector
Businesses advocated for preferential loan packages tailored to startups, specialized credit lines for agricultural processing, and tax incentive policies to support technology enterprises.
Finance Ministry proposes dual support package for business households
According to the proposal, the State will cover 100% of the costs for training courses in business administration, covering topics such as accounting, tax, and human resources for these entities.
Bac Ninh leads the nation in exports in July, reaching nearly $8.68 bln
For the first seven months of the year, the country's total export turnover reached $262.46 billion, a 14.8% increase year-on-year