The World Bank (WB) has always been an important partner supporting the Vietnamese Government with financial policy consultations over the past time, Minister of Finance Ho Duc Phoc has said.
Minister of Finance Ho Duc Phoc on November 6 morning reported to the National Assembly that the country s credit rating benefited from a positive outlook from international communities, resulting in an upgrade to “prosperous and stable” or BB+ levels. The rating helps build investor confidence in Vietnam.
Vietnam’s State budget collection in the first ten months of this year stood at 1.4 quadrillion VND ( 57 billion USD), accounting for 86.3% of the estimate, and down 9.2% year-on-year, the Ministry of Finance reported.
On the afternoon of September 7, the Ministry of Finance held a briefing to deploy tasks for September 2023. Speaking at the meeting, Minister of Finance Ho Duc Phoc requested the entire Finance sector to strive to complete the proposed financial and budgetary tasks, along with focusing on the work of building legal documents.
Following the recent launch of the privately-placed corporate bond trading system, Minister of Finance Ho Duc Phoc has said if transparency and safety are ensured, privately-placed corporate bonds will effectively prove their role in mobilising capital for businesses.