No policy for draft law on property tax

No policy for draft law on property tax

The Ministry of Finance made an announcement on March 14 stating that there is currently no policy in place to prepare a draft law on real estate taxation.
SBV to establish new State Foreign Exchange Reserve Management Department

SBV to establish new State Foreign Exchange Reserve Management Department

The SBV intends to establish the State Foreign Exchange Reserve Management Department due to the rise in foreign currency reserves.
MUFG, Mizuho, SMFG, and Grab vying to acquire Home Credit

MUFG, Mizuho, SMFG, and Grab vying to acquire Home Credit

Japanese financial behemoths and Grab have allegedly shown their appetite to acquire Home Credit in Southeast Asian countries, including Vietnam and India.
Goertek commits additional $306 million to its multimedia equipment project in Bac Ninh

Goertek commits additional $306 million to its multimedia equipment project in Bac Ninh

Goertek, one of three major suppliers for Apple in Vietnam, has poured additional funds into its project in Bac Ninh.
F88 targets to go public in 2024 to reach $1 billion valuation

F88 targets to go public in 2024 to reach $1 billion valuation

Phung Anh Tuan, chairman cum CEO of F88 – a major pawnshop chain in Vietnam – revealed that the company is aiming for a market valuation of roughly $1 billion if its plan to go public in 2024.
VNG Group pumps $22.5 million into fintech platform

VNG Group pumps $22.5 million into fintech platform

Digital financing platform Funding Societies has confirmed its fresh fundraising round worth $144 million in an oversubscribed Series C+ led by SoftBank Vision Fund 2 and several other venture capital firms.
Banks prioritise loans for at-risk businesses

Banks prioritise loans for at-risk businesses

Banks’ loan allocations will be distributed to much-needed sectors, such as production, while the central bank pledges to impose strict oversight over at-risk enterprises, notably over their real estate holdings, hazardous corporate bonds, and stocks in 2022.
SBV combats illegal gambling and betting activities through e-wallets

SBV combats illegal gambling and betting activities through e-wallets

The State Bank of Vietnam is intensifying investigations to fight against illegal gamblings via e-wallets, following recent media reports covering allegations related to MoMo's e-wallet.
Reviews set after Thu Thiem episode

Reviews set after Thu Thiem episode

Real estate-backed credit packages and corporate bonds are to be strictly constrained under the fresh legislation of the competent authorities.
No banks involved in Thu Thiem land auctions

No banks involved in Thu Thiem land auctions

No banks had been offering loan packages for businesses associated with Thu Thiem land auction, as a careful examination of the State Bank of Vietnam showed.
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