- Vietnam officially applies global minimum tax from January 1, 2024
Vietnam will apply a global minimum tax from January 1, 2024. The applicable tax rate is 15% for multinational enterprises with a total consolidated revenue of 750 million euros (about 800 million USD) or more. (See more)
- National Assembly agrees to reduce VAT by 2% until mid-2024
The National Assembly agreed to extend the 2% VAT reduction until mid-2024. This tax reduction does not apply to the fields of securities services, banking, insurance, real estate, chemicals and goods subject to special consumption tax. (See more)
- National Assembly Chairman gives reasons for not passing the Land Law
National Assembly Chairman Vuong Dinh Hue said that the National Assembly carefully considered many aspects and decided to review and pass the Land Law at the nearest session to ensure quality and feasibility after its promulgation. (See more)
- Ministry of Planning and Investment: 3 scenarios for building the North-South high-speed railway are not feasible.
The Ministry of Planning and Investment (MPI) has sent a document to the Ministry of Transport (MOT) to express its opinion on the proposal to invest in a high-speed railway on the North-South axis. The MPI believes that of the three scenarios for building a high-speed railway, two do not meet the requirements, and the remaining option is not in line with the recommendations of the Appraisal Council (according to VTC News).
- In 11 months, Vietnam had a trade surplus of more than 24.4 billion USD
According to the General Statistics Office's data released on the morning of November 29, from the beginning of the year to November 15, 2023, the total preliminary import and export turnover of goods reached 587.68 billion USD, of which exports decreased by 6.4%; imports decreased by 11.7%; the trade balance of goods had a trade surplus of 24.44 billion USD (according to the Government Newspaper).
- Ministry of Finance: Outstanding debt of individual corporate bonds is about 1 million billion VND
According to the Ministry of Finance, by the end of October 2023, the outstanding balance of individual corporate bonds was about 1 million billion VND, accounting for 10.5% of GDP in 2022, equal to 8% of the total outstanding credit of the economy. The Ministry of Finance proposed to re-implement the regulation on mandatory credit rating for individual corporate bonds after December 31, 2023 (according to Dan Tri).
- Establishment of Vietnam Rice Industry Association
The Ministry of Home Affairs has just decided to allow the establishment of the Vietnam Rice Industry Association. The establishment of the Vietnam Rice Industry Association is expected to create a linkage in the industry chain, which is the basis to limit the lack of linkage between the stages of input supply, production and consumption as in the past. (See more)
- Consumer price index increased in November
According to the General Statistics Office, compared to the same period last year, the consumer price index (CPI) in November 2023 increased by 3.45%. On average, in the first 11 months of 2023, the CPI increased by 3.22% compared to the same period last year; core inflation increased by 4.27%. (See more)
- Asking for opinions on selling wind power projects at the border to foreign enterprises
Quang Tri province is seeking opinions from the Ministry of Public Security and the Ministry of National Defense on whether to sell more than 50% of the shares of Amaccao Quang Tri 1 Wind Power Plant in the mountainous border district to foreign investors. This plant consists of 12 wind power towers, with a capacity of 49.2 MW with a total investment of VND2,172 billion, on an area of 22.1 hectares (according to Lao Dong).
- A company of Mr. Thang was forced to pay taxes.
Recently, the Long An Provincial Tax Department publicly announced its decision to enforce tax collection by suspending the use of invoices for Dong Tam Industrial Park Joint Stock Company because it has tax arrears that are over 90 days past the deadline for payment as prescribed. The amount of money being enforced is more than 52.1 billion VND. Dong Tam Industrial Park Joint Stock Company is a member of Dong Tam Group, chaired by Mr. Vo Quoc Thang (Bau Thang) as Chairman of the Board of Directors (According to Nhip Song Thi Truong).
- Before Ms. Truong My Lan was arrested, SCB bank won 72 'best' awards
In just 8 years, from 2015-2022, SCB Bank has been awarded 72 "prestigious" awards by domestic and international organizations with the phrases "top", "best in Vietnam". (See more)
- 'Mistakenly' sold stocks at high prices because of... poor eyesight
A female employee of Hai An Transport and Stevedoring JSC (HAH) mistakenly sold shares but did not disclose the information on the correct date due to poor eyesight. Notably, at the time of sale, the shares were priced quite high. (See more)
- Man 'hugs' 5.2 billion to buy gold at peak price, many people sell gold
Gold price skyrocketed to nearly 74.5 million VND/tael. A man “held” 5.2 billion VND to the store to buy 70 taels of SJC gold. The money was paid, the gold was promised to be received in full tomorrow. (See more)
- Lobster sales have been sluggish, and traders are still 'cheating' on payments.
People are in trouble when lobsters in cages in Van Phong Bay, Van Ninh District (Khanh Hoa) are left unsold due to low prices and difficult to sell. They are also in double trouble when traders owe billions of dong for a long time and then disappear. (See more)
- US buys Vietnamese coffee at record high price
Last October, the US bought Vietnamese coffee at a record high price of 3,586 USD/ton, up 45.1% compared to October last year. However, the average export price of our country's coffee to this market in the first 10 months of 2023 was only 2,397 USD/ton, down 0.8% compared to the same period last year. (See more)
The central exchange rate on November 29 decreased by 17 VND. The USD price at commercial banks today decreased slightly, closing the session listed at 24,015-24,385 VND/USD (buy - sell). The world USD price recovered after a sharp decrease yesterday.
The stock market on November 29 recorded the VN-Index increasing by 7.37 points, regaining the 1,100-point mark. The most impressive thing in the session was oil and gas stocks. Leading the way was PLX, which recorded an increase of 6.23%. Many other oil and gas stocks also increased strongly by over 4% such as PVS, PVB, PVD, PVC.
Oil prices rose on the international market today, November 29, just ahead of the OPEC+ meeting. Many analysts predict that the organization may cut production further due to concerns about weakening global demand.
International gold prices today turned down after a rapid increase last night. Domestic gold bar prices fluctuated violently when they suddenly increased by a million VND/tael, reaching a new peak of 74.6 million VND/tael (selling price) but then turned down sharply, falling below 74 million VND/tael. Meanwhile, gold ring prices continued to increase strongly and reached a new peak.
Bank interest rates on November 29 recorded the third reduction in the month by a bank. Meanwhile, two of the Big 4 banks reduced interest rates for the first time this November, namely the Bank for Investment and Development of Vietnam (BIDV) and the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank).
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