Vietcombank posts 31% profit rise

The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has reported VNĐ2.68 trillion (US$119 million) as its pre-tax profit for the third quarter, marking a yearly increase of 31 per cent.

VN fintech platform gets Singapore fund

Tima, a Vietnamese peer-to-peer (P2P) lending tech platform, has successfully gathered Series A funds from a Singaporean investor.

Tax Office gets tough on defaults Companies that fail to pay taxes will face consequences, Nguyen Thi Hai Yen, head of the Department of Communications and Support Office of the Ha Noi Tax Office, told Dau Tu (Investment) newspaper.

VN ponders tax revenues The nation is seeking to strengthen fiscal sustainability by developing a medium-term expenditure framework and modern technological solutions to improve the quality of budgetary planning, according to presentations made at the ninth Viet Nam Conference and Exhibition...

Poor management reported by State Audit The State Audit of Viet Nam released the audit results of the 2005 fiscal year, in which the office found irregularities worth VND7.6 trillion (US$478 million) and found that tax debts in audited bodies were VND1.1 trillion ($67.52 million) higher than the tax offices' reports.