Banking & Finance
Domestic investors withdrew $588mln from stock market last year
Move attributed to bank interest rates growing in appeal.
Banking & Finance
Over $10.8bln in corporate bonds issued in 2022
Banking sector led in issuing bonds of over VND136.7 trillion ($5.74 billion) last year.
Banking & Finance
2022 personal income tax revenue hits $7bln
Figure exceeds annual target by 38 per cent.
Mechanisms needed to deal with weak banks
Restructuring aimed at stabilizing weak banks’ operations and helping them to gradually recover.
Finance ministry plans to mobilize $6.6bln for economic recovery in 2023
Focus will be on mobilizing resources from government bonds, ODA, and other foreign preferential loans.
Deposit insurance development strategy approved
Strategy aims to protect the legitimate rights and interests of depositors.
State budget revenue estimate for 2023 up 0.4%
Revenue estimated at $68.5 billion in 2023, up 0.4 per cent from 2022.
Digital banking, mobile payments on the rise
Prime Minister expresses his appreciation of the banking sector for leading digital transformation.
HCMC budget collections exceed target by nearly $3.6bln
The city had been assigned to collect over VND386.6 trillion ($16 billion) in State budget revenue in 2022.