- General Department of Taxation speaks out about 'huge' debt of petroleum enterprises
On January 19, at the regular press conference of the fourth quarter of 2023 of the Ministry of Finance, Mr. Mai Son - Deputy General Director of the General Department of Taxation - exchanged information on the situation of petroleum enterprises in tax debt. Currently, there are about 10 large petroleum enterprises in tax debt, many of which owe up to thousands of billions of VND. The tax authority is taking measures to enforce tax debt (according to Tien Phong).
- Proposing the Ministry of Public Security and the Ministry of Finance to coordinate in managing the gold market
The State Bank of Vietnam (SBV) has just issued Official Letter No. 345/NHNN-QLNH to the Ministry of Finance and Official Letter No. 10035/NHNN-QLNH to the Ministry of Public Security regarding coordination in gold market management. The SBV requested the Ministry of Finance to strengthen inspection of the use of invoices and documents in gold trading and the Ministry of Public Security to coordinate in limiting speculation, profiteering, and gold smuggling (according to Investment Newspaper).
- Ministry of Finance will inspect 6 insurance companies in 2024
At the regular press conference of the Ministry of Finance on the afternoon of January 19, Deputy Director of the Department of Insurance Management and Supervision (Ministry of Finance) Doan Thanh Tuan said that regarding the inspection of insurance enterprises in 2023, up to now, the inspection of 8/10 enterprises has been completed. Regarding the inspection plan for 2024, Mr. Tuan said that the Ministry of Finance will conduct inspections of 6 insurance enterprises. Of which, 4 are non-life insurance enterprises and 2 are life insurance enterprises. (See more)
- Ministry of Industry and Trade: It is necessary to apply a new method of calculating electricity prices with 2 components.
The Ministry of Industry and Trade has just sent a document to the Vietnam Electricity Group (EVN) requesting the urgent development of a two-component electricity price mechanism, including capacity price and electricity price, and at the same time develop a roadmap and propose customers to apply these two-component electricity prices. According to the Ministry of Industry and Trade, the application of two-component electricity prices will send the right signal to both electricity producers and electricity consumers. (See more)
- The first bank to report a loss in the fourth quarter of 2023
According to the financial report of the fourth quarter of 2023 of the Prosperity and Development Joint Stock Commercial Bank (PGBank), pre-tax profit in the quarter was negative by more than VND 4.6 billion, down VND 99.5 billion, equivalent to 105% compared to the same period in 2022. However, for the whole year of 2023, PGBank still achieved VND 355,547 billion in pre-tax profit, down 29% compared to 2022. (See more)
- Every night 6,000-7,000 smuggled pigs are pouring in, farmers are calling for help from the Prime Minister
Dong Nai Livestock Association recently sent a petition to the Prime Minister and the Ministry of Agriculture and Rural Development about the complicated situation of smuggled pigs. Faced with the reality that every night 6,000-7,000 pigs are smuggled from Cambodia to Vietnam, Dong Nai Livestock Association hopes that the Prime Minister will give instructions to protect our country's pig farming industry. (See more)
- Why is the land tycoon of Binh Duong blocked from all property transactions?
By giving gifts to her children and dividing the couple's assets, Ms. Huong divided 9 plots of land with an area of 10.13 hectares into more than 1,000 plots of land and then transferred them to others. This case has been investigated by the C03 of the Ministry of Public Security since 2020. (See more)
- Rarely, near Tet, pork price in supermarkets is cheaper than in the market
As the Lunar New Year 2024 approaches, pork prices are likely to increase. However, some supermarket chains are suddenly selling pork at a cheaper price than in traditional markets. (See more)
Today's international oil prices reversed and decreased slightly after increasing in the previous session. Brent oil price returned to 78 USD/barrel, while WTI oil price dropped to 74 USD/barrel.
The stock market on January 19 recorded the VN-Index increasing by 12.44 points to 1,181.5 points, the highest level in 4 months. Banking stocks returned to being the "main players" in the market, of which the most impressive were BID and CTG, although the order matching liquidity was only at an average level. The order matching liquidity was at an average level, reaching 13,925 billion VND.
The central exchange rate on January 19 was 24,037 VND/USD, down 4 VND compared to the previous session. The USD price at commercial banks also decreased slightly, listed at the end of the session at 24,345 VND/USD (buy) and 24,715 VND/USD (sell). The international USD price also decreased.
The price of domestic gold rings increased sharply today, with some brands increasing by up to 750,000 VND/tael and raising the selling price to over 65 million VND/tael, the highest level ever. The price of SJC gold bars at times peaked again at 77 million VND/tael, following the increase in world gold prices.
Today's bank interest rates continue to record a series of banks reducing deposit interest rates, including the third bank reducing interest rates since the beginning of January 2024.
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