Day: August 4, 2022

Winners of the Top 10 Banking Reputation Awards were honoured at a ceremony jointly held by the Vietnam Report JSC and the VietNamNet newspaper in Hanoi on August 3.

The awards were presented to Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Vietnam Prosperity Joint Stock Commercial Bank (VPBank), and Military Commercial Joint Stock Bank (MB).

On the list were also Asia Commercial Joint Stock Bank (ACB), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Tien Phong Commercial Joint Stock Bank (TPBank), Vietnam International Commercial Joint Stock Bank (VIB), and Vietnam Bank for Agriculture and Rural Development (Agribank). At the ceremony, the lists of top public companies and those in the insurance and technology sectors in 2022 were also released.

The Vietnam Top 50 Public Companies (VIX50) are led by Vinhomes JSC, Hoa Phat Group JSC, Masan Group JSC, Mobile World Investment Corp., Vietnam International Commercial Joint Stock Bank (VIB), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Duc Giang Chemicals Group JSC, Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Military Commercial Joint Stock Bank (MB), and Asia Commercial Joint Stock Bank (ACB).

In the insurance sector, the award went to Bao Viet Insurance Corporation, Dai-Ichi Life Insurance Company of Vietnam, AIA (Vietnam) Life Insurance Co. Ltd, Prudential Life Insurance Vietnam Co. Ltd, Chubb Life Insurance Vietnam Co. Ltd, MB Ageas Life Insurance Co. Ltd, Hanwha Life Insurance Co. Ltd (Vietnam), Manulife (Vietnam) Co. Ltd, Generali Vietnam Life Insurance Co. Ltd, and Cathay Life Insurance Vietnam Co. Ltd.

Among the information technology and telecommunications firms, the top 10 consist of Military Industry and Telecoms Group (Viettel), FPT Group, Vietnam Posts and Telecommunications Group (VNPT), VNPT Telecom Service Corporation (VinaPhone), Mobifone Telecommunications Corporation, CMC Technology Corporation JSC, Hanel JSC, Vietnam Technology and Communication JSC, Vietnam Maritime Communication and Electronics Co. Ltd, and Hanoi Telecoms JSC./.

Source: Vietnam News Agency

The tax sector collected 911.02 trillion VND (38.9 billion USD) of State budget in the first seven months of this year, a year-on-year rise of 17.2%, and equivalent to 77.5% of its yearly estimate, according to the General Department of Taxation.

Of the total, domestic collection was over 868 trillion VND, equivalent to 75.7% of its plan for this year. Meanwhile, as of the end of July, the sector completed its central budget collection target by 75.8% and local collection by 78.9%.

The General Department of Taxation attributed the results to the good economic growth in the first months of this year thanks to the recovery of business and production activities amid controlled pandemic situation.

Along with rolling out drastic measures to strengthen tax management, the sector has applied solutions to support people and enterprises to promote business and production, including the reduction of environmental protection tax on fuels as well as the cut of some fees.

The department forecast many difficulties and challenges in budget collection in the time to come. In the context, it has directed taxation agencies to review income sources and continue to speed up administrative reform and the digitalisation of tax management to support tax payers./.

Source: Vietnam News Agency