- Fraud warning when doing import and export transactions

Recently, many Vietnamese enterprises have encountered risks when doing export business with partners in the European and American markets. According to the Ministry of Industry and Trade, the number of international trade fraud cases is increasing in many markets. Meanwhile, some enterprises in Vietnam tend to be subjective and careless in approaching, drafting contract terms and commitments that lack rigor (according to VTV).

- After a period of billion-dollar debt, Mr. Duc's business reported the highest profit of the decade

Mr. Doan Nguyen Duc's (Bau Duc) enterprise recorded the highest profit in the past 12 years thanks to interest exemptions, asset sales and soaring income from the fruit growing sector - a field that the Hoang Anh Gia Lai boss is betting on in the coming period. (See more)

- Tax collection through e-commerce increased sharply

Tax collection through e-commerce is gradually improving. Incomplete statistics from the General Department of Taxation show that in 2023, the tax collected from e-commerce, including domestic and foreign, was VND8,632.5 billion. This shows that many tax management solutions for e-commerce are proving effective, especially in tax management for individuals selling through social networking sites (according to VTV).

China increases import of Vietnamese goods

According to the Ministry of Agriculture and Rural Development, in January, the export of agricultural, forestry and fishery products unexpectedly increased in all categories. Notably, China continued to increase its imports of Vietnamese products (according to Tien Phong).

- A series of oil and gas giants 'fall', the Ministry of Industry and Trade requests sharing of supply sources

The Ministry of Industry and Trade has just sent a document to key traders in the production, trading and distribution of petroleum products, requesting to ensure supply. The Ministry of Industry and Trade noted that it is necessary to focus on sharing supply sources and profits in the distribution system in a reasonable manner to ensure that there is no interruption in the supply of petroleum products to the market. (See more)

- Pacific Airlines lost more than 2,000 billion, Vietnam Airlines still cannot divest

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Pacific Airlines lost more than 2,000 billion VND. (Photo: Hoang Ha)

In the early 2000s, Pacific Airlines' business results began to suffer continuous losses. In 2022, Pacific Airlines continued to record a pre-tax profit loss of VND2,096 billion. After many unsuccessful restructurings, the Australian national airline Qantas Group chose to withdraw and give away 30% of its shares in Pacific Airlines to Vietnam Airlines. To date, Vietnam Airlines holds 98% of Pacific Airlines' shares. (See more)

- Vincom Retail reaches peak profit

Vincom Retail JSC (HoSE: VRE) has just announced its consolidated financial report for the fourth quarter and the whole year of 2023. In 2023, the company operating the Vincom shopping mall chain reported a net profit of more than VND 4,400 billion, the highest level this enterprise has recorded since its establishment (according to Tri Thuc Magazine).

- A director of Big4 banking group receives a salary of more than 15 billion VND/year

Vietcombank's Q4/2023 financial report shows that the income of the Board of Directors and the Supervisory Board decreased sharply in 2023, but the expenditure for the Executive Board increased dramatically. Notably, the "biggest" income in the Executive Board is Mr. Colin Richard Dim, Director of Information Technology and Digital Transformation and Director of Vietcombank Digital Banking Center, who was paid a salary and bonus of up to VND 15,258 billion in 2023 alone. (See more)

- Debt of more than 2,100 taels of SJC gold, sluggish sales, banks sell at discount price

After failing to successfully auction a debt worth more than 2,100 SJC gold bars with a starting price of VND10.826 billion, the bank continued to sell the debt that has lasted for 20 years. The starting price of this sale decreased by nearly VND1.6 billion compared to the sale in November 2023. (See more)

- Vietnamese rice prices fall far from peak, Thai goods regain world top spot

After a long period of high prices, Vietnamese rice prices suddenly dropped sharply, far from the peak. Meanwhile, the price of the same type of rice from Thailand increased, taking the top spot in the world. (See more)

After reaching a two-month high, oil prices continued to weaken on the international market on January 31. Oil prices fell as investors worried that the real estate crisis in China would last.

Gold prices today, January 31, on the world market increased amid rising tensions in the Middle East. Domestic gold prices also increased sharply by VND500,000 in both directions, to over VND77.9 million/tael.

The stock market on January 31 recorded a decrease of 15.34 points for the VN-Index, down to 1,164.31 points. Banking stocks were under great pressure on January 31, with most falling more sharply than the general market. Notably, during the "fiery" market session, order matching liquidity skyrocketed.

The central exchange rate on January 31 was 23,991 VND/USD, down 32 VND compared to the previous session. The USD price at commercial banks on January 31 decreased sharply, listed at the end of the session at 24,225 VND/USD (buy) and 24,595 VND/USD (sell). Meanwhile , the international USD price tends to increase.

Bank interest rates on January 31 have been adjusted down by another bank in the “Big 4” group after BIDV and VietinBank. A joint stock commercial bank still maintains its “special interest rate” for VIP customers.