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Update news MoF
VietNamNet Bridge - Economists have supported the Ministry of Finance’s (MOF) decision to reject the requests for tax incentives made by Samsung.
VietNamNet Bridge - Questions have been raised about the role of the State Capital Investment Corporation (SCIC) and about what it would do after it sells all valuable assets.
VietNamNet Bridge - Just within three months, the Ministry of Finance (MOF) has announced a series of plans to borrow money for the state budget totaling $5.3 billion.
VietNamNet Bridge - About VND18 trillion worth of capital was still stuck in banks by the end of September 2015 which needs to be divested as per the government’s request, according to the Ministry of Finance (MOF).
Advocates of the government’s proposal to free SOEs from tax debts say the tax relief will help the state sell SOEs at better prices.
The Ministry of Finance (MOF) last week submitted to the National Assembly’s Standing Committee a plan to issue government bonds to call for capital in the international market for domestic debt swap, though current laws do not allow this.
Provincial authorities have not been able to revoke the investment certificate granted to the Canadian gold miner Besra because of administrative procedures.
MOF has reassured the public that the international bond issuance for debt swap will not lead to an increase in the government’s debts, while the public debt indexes will be maintained within the safety line.
VietNamNet Bridge - Many famous casino developers have visited Vietnam since 2002 to propose resort projects, but they have not returned.
The news that the government has decided to sell eight listed companies has had immediate positive impact on the stock market. However, experts say it is still too early to say how the sales will affect the national economy in the long term.
VietNamNet Bridge - It is still unclear how much of Vinamilk’s stake will be sold to foreign investors. Experts have warned that once foreign investors hold the controlling stake in Vinamilk, they would control the Vietnamese dairy market.
VietNamNet Bridge - Vietnamese businesses tend not to buy insurance policies even though they are exposed to high risks.
VietNamNet Bridge - The sky-high prices of formula milk products for children aged under six have angered many consumers, who question why domestic prices remain high despite the sharp input material price drop of 20 percent.
VietNamNet Bridge - The potential of the Vietnamese insurance market is great: total insurance premiums in 2014 reached VND52.68 trillion, an increase of 13.2 percent over 2013.
VietNamNet Bridge - As soon as the State Capital Investment Corporation (SCIC) announced the sale of shares as part of its disinvestment plan, private investors registered to take everything SCIC wanted to sell.
VietNamNet Bridge - The Ministry of Finance (MOF) has proposed that state-owned enterprises (SOEs) be forgiven their tax debts, which are equal to a total of VND10 trillion.
VietNamNet Bridge - The Ministry of Planning and Investment (MPI) has confirmed that the State Capital Investment Corporation (SCIC) will withdraw capital from Vinamilk, though the dairy producer is a big source of income for SCIC.
VietNamNet Bridge - Coal exploiters have been warned they will have to pay higher environmental fee of up to VND14,000 per ton, an increase of VND4,000 per ton if the draft decree compiled by the Ministry of Finance (MOF) gets government’s approval.
VietNamNet Bridge - Bank shares and state-owned enterprises’ (SOEs) IPOs (initial public offering) have become highly attractive to foreign investors.
VietNamNet Bridge - Though they believe that Vietnam’s public debt is not as dangerous as some international institutions say, government officials are applying measures to control the debt.