Vietnamese banks' rating outlooks lowered on COVID-19 impact

Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of two State-owned banks and a wholly foreign-owned bank in Việt Nam to Stable from Positive, and the outlooks for two joint stock commercial banks to Negative from Stable.

Ministry to support businesses to ensure budget revenue

The Ministry of Finance would focus on improving the business climate and creating favourable conditions for businesses to accelerate growth which was important to ensure State budget revenue in the context of COVID-19 pandemc which was heavily weigh on the socio-economic development.

MoF proposes tax exemption

The Ministry of Finance recently has added non-woven fabrics, which are used to produce protective clothing, into the list of import tax exemption.

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