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.
BANKING FEES REDUCED TO HELP CUSTOMERS OVERCOME PANDEMIC EFFECTS
Many banks have reduced or even waived fees for interbank transfers and ATM withdrawals for the rest of the year following similar cuts by the National Payment Corporation of Việt Nam to support customers hit by the latest COVID-19 outbreak.
BANKS INCREASE PROFITS ON STRONG CREDIT GROWTH
A number of banks at the end of July reported significant increases in H1 profits on strong credit growth despite pressures from the coronavirus pandemic.
TAX CUTS PROPOSED TO SUPPORT BUSINESSES ROCKED BY PANDEMIC
The Tax Policy Department under the Ministry of Finance is drafting a proposal on tax reduction to support individuals and businesses affected by the COVID-19.
GOVT ROLLS OUT INTEREST-FREE LOANS FOR COMPANIES TO PAY SALARIES
The Viet Nam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director, Bui Van Son, said.
TAX WATCHDOG AIMS TO BETTER MANAGE REAL ESTATE TAX TRANSACTIONS
The General Department of Taxation under the Ministry of Finance asked local tax departments to focus on inspecting tax declaration documents from enterprises and individuals involved in real estate to identify those who at high risk of tax avoidance so inspections can be carried out.
BANKS AGREE TO CUT LENDING RATES TO SUPPORT HARD-HIT BUSINESSES
Most banks have agreed to cut the lending rate for enterprises hard hit by the COVID-19 pandemic from this month until the end of this year. This consensus was reached during a meeting of 16 banks with the State Bank of Việt Nam on Monday.
REMITTANCES TO HCM CITY RISE BY 22.34% IN FIRST HALF OF 2021
Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City office, said the growth was impressive considering the difficulties posed by the COVID-19 pandemic.
