Tag: Ministry of Finance

According to the Ministry of Finance, foreign borrowing will be managed with a reasonable scale and structure, prioritizing key projects with significant "spillover effects."

The central province ranking third nationwide in terms of FDI attraction.

The measure expected to help curb inflation by lowering retail fuel prices.

The ministry tasked with accelerating the disbursement of public investment and strategic infrastructure capital.

After more than ten months, total disbursed capital reached VND464 trillion ($17.6 billion), accounting for 51.7 per cent of the 2025 plan approved by the Prime Minister.

Business households with annual large revenues, exceeding VND3 billion (nearly $114,000) for two consecutive years, will be subject to a personal income tax rate of 17%.

The new regulation aims to lower production costs and enhance the competitiveness of domestic manufacturers.

Regarding businesses that have reportedly registered to open exchanges, the State Securities Commission (SSC) confirmed that, to date, no official registration applications have been received from businesses.

The figure equal to 46.3% of the PM's target.

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.

Abolishing the procedure would significantly cut administrative red tape, saving investors time and money.

The proposed decree focuses on land rental fee exemptions and reductions for businesses investing in agricultural projects and rural areas.

The policy aimed at supporting businesses and stimulating the economy.

Cuts in effect from July 1 to December 31 as part of policy support.

Penalties of over $1 billion in total proposed.

The finance ministry conducted over 11,300 inspections in the first two months of 2023.

A target has been set of there being at least 25 State-owned enterprises (SOEs) with equity or capitalization on the stock market in excess of $1 billion, of which ten are to have over $5 billion.

The Ministry of Finance’s plan on implementing the Public Debt Strategy to 2030, which has been approved by the Minister of Finance, outlines seven lists of tasks and projects, including a proposal to supplement and amend the Law on Public Debt Management in line with international practice. The 2030 public debt strategy sets a target that, by 2030, Vietnam’s public debt will not exceed 60 per cent of GDP, government debt will not exceed 50 per cent of GDP, and foreign debt will not exceed 45 per cent of GDP.

Ho Chi Minh City’s budget revenue in 2023 has been forecast at about VND496 trillion ($20.6 billion). This figure is overwhelming for a city that has only recently overcome the Covid-19 pandemic. According to the Ministry of Finance, the city’s budget revenue in 2022 is estimated at VND427 trillion ($17.7 billion); the highest on record since the pandemic began.

To ensure Vietnam’s corporate bond market develops stably and sustainably, the Ministry of Finance and the Ministry of Construction will work together to strengthen supervision over issuance activities and limit real estate enterprises issuing bonds with high interest rates. The Ministry of Construction also suggested supplementing regulations on the financial safety ratio of real estate enterprises after granting construction and investment permits for real estate projects.