Viet Nam, South Korea vow to raise trade to US$150 billion by 2030

Viet Nam is determined to creating favorable conditions for Korean businesses to operate successfully in the country in a bid to raise two-way trade turnover to US$150 billion by 2030, said Minister of Finance Ho Duc Phoc.

WB an important partner of Vietnam: Finance Minister

The World Bank (WB) has always been an important partner supporting the Vietnamese Government with financial policy consultations over the past time, Minister of Finance Ho Duc Phoc has said.

Finance Minister fields lawmakers’ questions at NA meeting

Minister of Finance Ho Duc Phoc on November 6 morning reported to the National Assembly that the country's credit rating benefited from a positive outlook from international communities, resulting in an upgrade to “prosperous and stable” or BB+ levels. The rating helps build investor confidence in Vietnam.

State budget collection down over 9% in 10 months

Vietnam’s State budget collection in the first ten months of this year stood at 1.4 quadrillion VND ( 57 billion USD), accounting for 86.3% of the estimate, and down 9.2% year-on-year, the Ministry of Finance reported.

The Ministry of Finance focuses on budget collection tasks in the last months of the year

On the afternoon of September 7, the Ministry of Finance held a briefing to deploy tasks for September 2023. Speaking at the meeting, Minister of Finance Ho Duc Phoc requested the entire Finance sector to strive to complete the proposed financial and budgetary tasks, along with focusing on the work of building legal documents.

Corporate bond market hoped to develop sustainably

Following the recent launch of the privately-placed corporate bond trading system, Minister of Finance Ho Duc Phoc has said if transparency and safety are ensured, privately-placed corporate bonds will effectively prove their role in mobilising capital for businesses.

Vietnam, US further promote financial cooperation

Minister of Finance Ho Duc Phoc highly evaluated financial cooperation between Vietnam and the US as he received US Secretary of the Treasury Janet Yellen in Hanoi on July 21.

Minister of Finance Ho Duc Phoc: Joining in unblocking bottlenecks in mechanisms and procedures, creating favorable conditions for businesses

On May 14, Minister of Finance Ho Duc Phoc and his delegation had a meeting with leaders from five localities to discuss production and business conditions, public investment, infrastructure construction, and import-export. The Minister emphasized that in the current context, ministries, branches, and localities all together must step in to remove bottlenecks in mechanisms, policies, and administrative procedures, and create favorable conditions for people and businesses.

Experts scrutinise global minimum tax implementation in Vietnam

Vietnam needs to fully and comprehensively assess the impacts of the global minimum tax on the country, said Minister of Finance Ho Duc Phoc on April 18.

Wage hike needs to keep up with inflation control

Vietnam is set to increase the base wage from July 2023.
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