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Ministry gearing up for 2.6 Ghz auction

Ministry gearing up for 2.6 Ghz auction

Minister of Information and Communications Nguyen Manh Hung has urged the Authority of Radio Frequency Management to auction off space on the 2.6 Ghz spectrum.

Insurance industry forecast to keep thriving in 2020

Insurance industry forecast to keep thriving in 2020

The insurance industry aims to maintain a high growth rate of 18.42 percent this year, gaining revenue of 188.73 trillion VND (8.1 billion USD), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).

MoF proposes fines for invoice violations

MoF proposes fines for invoice violations

The Ministry of Finance (MoF) has proposed fines of between 20 million VND (862 USD) and 50 million (2,155 USD) for the act of printing fraudulent invoices.

Public non-business units slow to change

Public non-business units slow to change

To improve the quality of public products and services, the Government in June 2015 issued a decision to transform public non-business organisations into joint-stock businesses.

Projects to strengthen local economy in the 2020 fiscal year

Projects to strengthen local economy in the 2020 fiscal year

As the Thai economy is likely to continue to experience a slowdown in the remaining weeks of 2019, the Ministry of Finance has issued measures to stimulate the economy in late 2019. It has also proposed some projects to strengthen the local economy in the 2020 fiscal year.

Equitisation of SOEs still sees slow progress

Equitisation of SOEs still sees slow progress

Only nine state-owned enterprises (SOEs) were given the green light from the government for their equitisation plans this year, reported the Ministry of Finance (MoF).

State budget revenue to meet five-year target: MoF

State budget revenue to meet five-year target: MoF

Collection of the State budget between 2016 and 2020 is expected to meet the target of 6.8 quadrillion VND (nearly 293 billion USD), the Ministry of Finance (MoF) reported on October 21.

Moody's review of Vietnam's Ba3 rating improper: ministry

Moody's review of Vietnam's Ba3 rating improper: ministry

The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.

PM to chair conference on SOEs

PM to chair conference on SOEs

Prime Minister Nguyen Xuan Phuc will chair a conference on renovating and improving the operational efficiency of State-owned enterprises (SOEs), slated for late September or early October.