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BANKING / FINANCE / INSURANCE / TAX

FDI FIRMS TO BE LISTED SOON: MINISTRY OF FINANCE

In other markets such as South Korea, Japan, Singapore and Thailand, a number of FDI firms are listed on the stock markets and there is no difference or discrimination between foreign-invested firms and domestic firms.

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BANKING / FINANCE / INSURANCE / TAX

VN TO BOOST PROFESSIONAL REAL ESTATE BROKERS

Real estate brokerage plays an important role in the circulation of real estate products. The sustainable development of the property market depends on a variety of factors such as legal policy, management of authorities, operations of the businesses, as well as professionalism of brokerage teams.

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BANKING / FINANCE / INSURANCE / TAX

BANKS BOOST RETAIL LENDING FOR SOLAR ENERGY

Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives. As solar energy gains popularity in Vietnam, lenders are looking to finance consumers who want to install solar panels in their own homes.

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BANKING / FINANCE / INSURANCE / TAX

VMAC BUILDS STRATEGY FOR DEBT TRADING

The Việt Nam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Việt Nam this year, in which it will play a central role to promote the development of the debt trading market.

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BANKING / FINANCE / INSURANCE / TAX

WORLD BANK OFFERS NEW CREDIT TO DEVELOP URBAN CENTRES

The World Bank (WB) Board of Executive Directors yesterday approved a US$194.36 million credit plan to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning.

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BANKING / FINANCE / INSURANCE / TAX

VIET NAM’S CREDIT GROWTH EXPANDS BY 5.07% IN FIVE MONTHS

The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported.

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BANKING / FINANCE / INSURANCE / TAX

SHARED DATABASE NEEDED TO FIGHT TAX LOSS IN E-COMMERCE

A shared database was necessary because there is no specific measure to calculate revenues, sales and expenses of organisations and individuals selling goods and services online, according to the Ministry of Industry and Trade’s Vietnam E-commerce and Information Technology Agency deputy director Lại Việt Anh.

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BANKING / FINANCE / INSURANCE / TAX

PRIVATE FIRMS ENCOURAGED TO JOIN CREDIT INFORMATION MARKET

To date, only two companies are eligible to provide credit information in Việt Nam, including the Credit Information Centre (CIC) under the management of the central bank and Vietnam Credit Information Joint Stock Company (PCB) – a joint venture founded by 11 local banks.