Vietnam Today
$19bln credit program launched in support of power, transport and technology projects
As many as 23 commercial banks have registered to join the program.
Banking & Finance
Household businesses below tax threshold exempt from bookkeeping
Business households and individuals with annual revenue of VND200 million (nearly $7,600) or less (previously VND500 million) will not be subject to value-added tax (VAT) and personal income tax.
Banking & Finance
Draft decree on administrative penalties in crypto assets completed
The draft decree is expected to be submitted to the Governmet in the next couple of months.
Corporate bond issuances reach $17.5 bln in 11M
The figure up 31% year-on-year.
Credit management in need of update
The credit quota system applied to commercial banks in Vietnam is in need of an update.
Gov't removes business barriers across 11 trade & industry sectors
In addition, the Prime Minister approved the reduction and simplification of internal administrative procedures in three sectors: Petroleum; border trade; and consumer rights protection.
Crypto asset trading market management board established
The new body expected to contribute to building a stable, transparent, and secure crypto asset market in Vietnam.
Facilitating FDI listings: a key step toward stock market upgrade
When compared to the nearly 1,600 companies currently listed and registered for trading across the entire market, the figure of 10 FDI enterprises is extremely modest.
Foreign investors exempt from asset and income declaration as new Anti-Corruption Law passes
According to the Government's report, mandating that individuals assigned to manage and operate a State-owned enterprise which holds more than 50% of charter capital must declare their assets and income is appropriate.