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BANKING / FINANCE / INSURANCE / TAX

VIETNAM WEIGHTS A TAX RELIEF PACKAGE OF VND21.3 TRILLION

The government proposed a 30-per-cent tax cut on corporate income tax if a company's revenue this year is less than VND200 billion ($8.8 million). It is expected that the state budget revenue will be reduced by about VND2.2 trillion ($97 million) under this plan.

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BANKING / FINANCE / INSURANCE / TAX

HSBC MAPS OUT TWO SCENARIOS FOR VIETNAMESE ECONOMY UNTIL YEAR-END

According to the first scenario, the country’s gross domestic product (GDP) would grow 5-5.5%, depending on the speed and effectiveness of the vaccination rollout, the re-opening of the economy and the recovery and resumption of major export markets.

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BANKING / FINANCE / INSURANCE / TAX

BUSINESSES WAIT FOR BANK DEBTS RESCHEDULING

A week after the State Bank of Vietnam issued Circular 14 on debt rescheduling to alleviate the difficulties faced by businesses due to the COVID-19 pandemic, many individual and corporate borrowers said they are still waiting to hear from banks.

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BANKING / FINANCE / INSURANCE / TAX

BANKS ON ROAD FOR DIGITAL TRANSFORMATION

The banking system and credit institutions are the lifeblood of the nation's economy, with digital information in banking and finance set to become one of the key factors in the digital economy, according to experts.

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BANKING / FINANCE / INSURANCE / TAX

BANKS CONTINUALLY CUT LENDING RATES TO AID PANDEMIC AFFECTED CUSTOMERS

Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.

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BANKING / FINANCE / INSURANCE / TAX

CONSUMER FINANCE IN MAJOR TIE-UP TENDENCY

The pandemic-triggered turbulence continues to gnaw at the consumer finance industry in Vietnam, but some players are exploring potential new approaches to the challenges, particularly from some international investors.

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BANKING / FINANCE / INSURANCE / TAX

CIRCULAR OFFERS STRICT LEVEL FOR BANK RISKS

Despite the government coming to the aid of banks and vulnerable businesses in the past year, the latest COVID-19 wave has rendered some debt restructuring and payment scheduling by the country’s central bank less effective than expected.

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BANKING / FINANCE / INSURANCE / TAX

VIETNAM'S STOCK MARKET AT THE BEGINNING OF A MULTI-DECADE SURGE

While the number of retail stock brokerage accounts in Vietnam only equates to around 3 per cent of the country’s population, VinaCapital believes Vietnam is still at the very beginning of a multi-decade development of its stock market.


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