Chủ đề: the Ministry of Finance

To improve Vietnam’s corporate bond market, the Minister of Finance has made three requests: review and amend regulations relating to corporate bond offerings and transactions; inspect the private placement of bonds at securities companies and enterprises; and closely supervise private corporate bond issuances.

In the face of acts of manipulation, fraud, and deceiving investors in recent years, the Ministry of Finance (MoF) has affirmed its determination to purify the financial market by strengthening management, supervision, inspection, and examination to regulate the activities of the stock market and the corporate bond market.

The quality of the 411 enterprise valuation companies in Vietnam and their 2,352 appraisers is quite low, which can create corruption and difficulties in State management. The Ministry of Finance has therefore revoked the Certificate of Eligibility For Providing Valuation Services from 65 companies and suspended the business valuation services provided by 26 companies. In order to overcome the limitations and shortcomings after more than seven years of implementing price laws, the ministry is also studying related amendments, including stricter regulations on valuations.

The Office of the Government has issued Official Letter No. 4974/VPCP-KTTH, conveying directions from Deputy Prime Minister Le Minh Khai on assigning the Ministry of Finance (MoF) to review and resolve considerations on tax regulations and complete regulations on collecting value-added tax and personal income tax for house rentals in Vietnam.