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Update news financial policies
Vietnam’s aggressive credit expansion is clashing with slow public spending and poses systemic risks without policy alignment.
The Ministry of Finance is drafting a circular guiding the application of International Financial Reporting Standards (IFRS) in Vietnam.
"To build airports, highways, and reform salaries, we need to invest in public financial capacity. Therefore, we must implement a tight fiscal policy," stated Finance Minister Ho Duc Phoc during a conference on July 15.
The Ministry of Finance has proposed multiple fiscal policies in terms of taxes and fees to support businesses and households in 2023, according to a finance official.