Saturday , November 30 2024

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Banks likely to pump $82B into economy through loans

Banks likely to pump $82B into economy through loans

The State Bank of Vietnam has set a credit growth target of 15%, equivalent to VND2 quadrillion ($82.03 billion), this year. Last year banking credit grew by 13.71%, meaning VND1.3 quadrillion entered the economy, deputy governor of the central bank, Dao Minh Tu, said at a government meeting Friday. “If …

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Fuel retailers falsify accounts to evade tax: government inspectors

Fuel retailers falsify accounts to evade tax: government inspectors

Some fuel retailers fudged their sales figures for years to avoid paying environmental tax while others owe large amounts in back taxes, according to the Government Inspectorate. One violator is Thien Minh Duc Corp, which often falsified figures to avoid paying VND3.3 trillion ($135.34 million) worth of tax between 2018 …

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