Banking & Finance
New tax calculation on real estate transaction proposed
The MoC stated that this new tax calculation will help deter speculation and prevent excessive price inflation in the real estate market.
Banking & Finance
Vietnam celebrates 25th anniversary of stock market
From just two companies and a market capitalization of only 0.2% of GDP at inception, the capital market now accounts for nearly 100% of GDP.
Banking & Finance
24 energy projects identified eligible for JETP support
These projects require a funding estimated at over $7 billion.
Domestic gold price drops after hitting historic high
The SJC-branded gold bars skyrocketing to a historic high of VND102.6 million ($3,976) per tael on April 1 morning.
Domestic gold price jumps to new height
The selling price of SJC-gold bars hitting over VND101 million ($3,923) per tael on March 31.
Considerations need to be made for future financial centers
A host of considerations will need to be taken into account as Vietnam’s goes about developing its financial centers.
HCMC financial hub positioned as engine for national innovation, competitiveness
"The development of the financial center is one of the strategic spearheads to help transform the growth model, improve resource utilization efficiency, and strengthen Vietnam's position on the international stage," Minister of Finance stated.
Solutions to boost Vietnam's investment fund industry
The assets under management of securities investment funds remain modest relative to their potential, representing just 6.5% of Vietnam's GDP, compared to 21% in Thailand and 52% in Malaysia.
To control inflation and ensure banking system safety
Efficient credit allocation is central to controlling inflation and ensuring banking system safety.