SeABank secures $30 million convertible loan from Norfund

SeABank secures $30 million convertible loan from Norfund

SeABank signed a $30 million convertible loan agreement with Norfund on August 13.
Sudden increase in special consumption tax fails to change consumer behaviour

Sudden increase in special consumption tax fails to change consumer behaviour

Abrupt tax increases do not alter consumer behaviour, suggesting a need to combine tax measures with administrative approaches.
Phased tax hikes crucial for sustaining business operations

Phased tax hikes crucial for sustaining business operations

Proposed tax increases on some beverages have raised concerns, particularly given the ongoing challenges faced by the beverage industry in particular.
Policies could pump in more credit in H2

Policies could pump in more credit in H2

Economic growth outlook for the last six months of the year and the influence of international geo-political developments prompt Vietnam to continue maintaining its monetary policy in a flexible manner to reduce lending rates for businesses.
Widespread adoption of digital payments taking hold

Widespread adoption of digital payments taking hold

Vietnam’s payment sector is rapidly growing, with significant advancements in mobile money, QR code transactions, and e-wallet services led by dozens of payment intermediary organisations.
Gen Z can be key to stock market advance

Gen Z can be key to stock market advance

The golden population base is a driving force behind the development of Vietnam’s stock market, as young Gen Z investors embrace technology to modernise the market and participate in million-dollar trading sessions.
Assessment of non-performing loans so far in 2024

Assessment of non-performing loans so far in 2024

The non-performing loan (NPL) ratio reached nearly 5 per cent at the end of May. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked with VIR’s Hong Dung the assessment of NPLs in the first half of 2024.
VBA requests amendments to the draft on special consumption tax

VBA requests amendments to the draft on special consumption tax

The VBA has shown support for amending the special consumption tax but has suggested a reduction in the amount of tax to be increased.
Deposits flowing back into banks

Deposits flowing back into banks

Deposits in the banking system are increasing in tandem with rising interest rates, amid a crisis in risky asset investment channels.
Bank bond issuance soars 140 per cent amid debt crisis

Bank bond issuance soars 140 per cent amid debt crisis

Bank bond issuance has surged to 96.2 trillion VND this year, a surge of 140 per cent from last year, according to MB Securities (MBS).
MB receives double honour from HR Asia

MB receives double honour from HR Asia

MB was honoured as one of the 'Best Companies To Work For In Asia 2024' along with winning the 'Sustainable Workplace Award' on August 8.
Finance ministry proposes lower tax rate for micro and small enterprises

Finance ministry proposes lower tax rate for micro and small enterprises

To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17 per cent for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20 per cent.
HDBank posts outstanding business results in first half of 2024

HDBank posts outstanding business results in first half of 2024

HDBank held its Q2 investor conference on August 8, where it announced positive business results for the first half of the year.
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