BANKS SETTING UPBEAT PROFIT TARGETS
Banks are penning out upbeat profit targets for 2022, leveraging sound credit demands buoyed by the economic rebound both at home and globally.
GOV’T APPROVES EXTENSION ON BAD DEBT SETTLEMENT SCHEME
The Government has agreed to a proposal by the State Bank of Vietnam (SBV) to extend the pilot bad debt settlement of credit institutions based on Resolution 42/2017/QH14.
MARKET FACES STRONG CORRECTION ON SELLING PRESSURE
The market opened the week on a negative note, with both benchmark indices losing more than 1 per cent, as selling pressure weighed on investors' sentiment from the beginning of the session.
EXPERTS WARN ABOUT PARTICIPATION OF REAL ESTATE COMPANIES IN BANKS
According to the experts, the participation of real estate companies in banks can adversely influence these banks’ lending practices. Leaders of real estate companies, who are also ultimate owners of certain banks, can channel more loans to their real estate projects, online newspaper bnews.vn reported.
MONETARY POLICIES AID SOCIO-ECONOMIC RECOVERY AND DEVELOPMENT
Resolution on fiscal and monetary policies supporting the socio-economic recovery and development programe was ratified at the 15th National Asembly's first extraordinary session (January 4-11, 2022).
TAXATION AND CREDIT RESTRICTIONS TO COMBAT REAL ESTATE SPECULATION
More initiatives from the government to develop the real estate industry, particularly taxation and credit limitation, are believed to lay a foundation for curbing land speculation, maximising residential properties and creating a set of diversified financing options.
REMITTANCES TO HCM CITY REACH RECORD $7B IN 2021
HCM City received a record US$7.1 billion worth of remittances last year, a 16 per cent increase from 2020 and accounting for more than half of the country’s total remittances, according to the State Bank of Việt Nam.
INCREASING TAX EVASION IN E-COMMERCE
The COVID-19 pandemic has sparked a boom in e-commerce in Việt Nam since consumers shift their spending habits towards online platforms. However, as online sales continue to grow, so does tax evasion.
