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Tag: Fiscal policy

Vietnam's economy: Flexible and reasonable fiscal policy
Vietnam's economy: Flexible and reasonable fiscal policy

As Vietnam's economy is recovering from the COVID-19 pandemic but still faces many big challenges, the Ministry of Finance (MoF) has introduced a range of measures aimed at revitalising economic activity and mitigating the impact of global uncertainties.

Vietnam's economy: Flexible and reasonable fiscal policy

Vietnam's economy: Flexible and reasonable fiscal policy

PM orders strengthening 2024 credit management
PM orders strengthening 2024 credit management

Prime Minister Pham Minh Chinh on November 27 ordered the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.

PM orders strengthening 2024 credit management

PM orders strengthening 2024 credit management

PM requests continued implementation of proactive, flexible monetary policy
PM requests continued implementation of proactive, flexible monetary policy

Prime Minister Pham Minh Chinh on August 5 requested the continued implementation of a proactive, flexible, timely, effective monetary policy which has proven its efficiency in the past time.

PM requests continued implementation of proactive, flexible monetary policy

PM requests continued implementation of proactive, flexible monetary policy

Businesses will no longer enjoy corporate income tax incentives from 2025
Businesses will no longer enjoy corporate income tax incentives from 2025

VOV.VN - It is expected that Vietnam will no longer offer tax incentives such as corporate income tax exemption and reduction as of 2025 in a bid to improve the capacity of public finance for infrastructure investment, said Minister of Finance Ho Duc Phoc.

Businesses will no longer enjoy corporate income tax incentives from 2025

Businesses will no longer enjoy corporate income tax incentives from 2025

Foundation for economic growth comes from fiscal policy: Economists
Foundation for economic growth comes from fiscal policy: Economists

The Government's drastic directions in financial and monetary management, and growth support in the first quarter of 2024 are a foundation helping Vietnam's economy overcome difficulties and achieve impressive growth amidst a variety of challenges of the world economy, according to economists.

Foundation for economic growth comes from fiscal policy: Economists

Foundation for economic growth comes from fiscal policy: Economists

Counter-cyclical fiscal policy recommended to continue in 2024
Counter-cyclical fiscal policy recommended to continue in 2024

As the room for the fiscal policy remains quite large, Vietnam in 2024 should continue to pursue the counter-cyclical fiscal policy, with a focus on increasing spending and maximising tax and fee exemption and reduction, to support economic growth, experts believe.

Counter-cyclical fiscal policy recommended to continue in 2024

Counter-cyclical fiscal policy recommended to continue in 2024

Vietnam’s 2023 public debt at 37% of GDP
Vietnam’s 2023 public debt at 37% of GDP

Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance.

Vietnam’s 2023 public debt at 37% of GDP

Vietnam’s 2023 public debt at 37% of GDP

State budget collection up 4.5% in 2023
State budget collection up 4.5% in 2023

The total revenue to the State budget as of December 25 surpassed VND1.69 quadrillion (nearly US$69.5 billion), up 4.5% compared to the yearly estimate, heard a conference hosted by the Ministry of Finance in Hanoi on December 27.

State budget collection up 4.5% in 2023

State budget collection up 4.5% in 2023

Fiscal, tax support policies continue in 2023: Deputy Minister
Fiscal, tax support policies continue in 2023: Deputy Minister

The Ministry of Finance (MoF) has suggested a series of solutions related to fiscal and tax policies in support of citizens and businesses this year, Deputy Minister of Finance Nguyen Duc Chi told a regular press conference of the Government in Hanoi on January 3.

Fiscal, tax support policies continue in 2023: Deputy Minister

Fiscal, tax support policies continue in 2023: Deputy Minister

Public investment engine of growth for 2023: Experts
Public investment engine of growth for 2023: Experts

Given the little room left for monetary policy to add stimulus to the economy, fiscal policy would be the engine of growth next year, according to Ho Sy Hung, vice chairman of the Commission for the Management of State Capital at Enterprises.

Public investment engine of growth for 2023: Experts

Public investment engine of growth for 2023: Experts

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