The disease of having too much money is harder to cure than lacking money, beautiful phone numbers will be auctioned

Securities companies must immediately stop placing automatic orders.

The State Securities Commission has just sent a document to securities companies requesting them to immediately stop using the automatic order placement method.

The agency has found that there is a phenomenon of using robot technology to place automatic online stock trading orders with very high frequency. This activity has many potential risks and affects the stability of the stock market; causing the risk of chain breakdown when the stock market develops badly, thereby negatively affecting the risk management of securities companies.

Will auction 'nice' phone numbers publicly

"Nice" phone numbers (also known as nice sim numbers) will be auctioned.

The draft Law on Telecommunications (amended) is expected to stipulate that beautiful numbers are decided by the people themselves, the authorities will publicly list the numbers, people can choose whichever number they like; the starting price is fixed, not referring to other countries... and from there, the auction will go up, whoever pays the highest will own the number, the rest will be given to businesses.

Proposal to remove gold jewelry from the list of conditional businesses

This is the contribution of the Vietnam Federation of Commerce and Industry (VCCI) to the draft Report on reviewing regulations on business conditions of the Ministry of Planning and Investment.

VCCI believes that jewelry gold should be removed from the conditional business group because it is a common commodity, and trading does not affect public interests like other types of gold in the same "gold business" group.

The plan to implement Power Plan 8 was criticized as not feasible.

The Government Office has just issued a document conveying the conclusion of Deputy Prime Minister Tran Hong Ha at the meeting on the draft plan to implement Power Plan 8.

The conclusion stated: Despite great efforts and attempts in the process of building and completing, the draft plan to implement Power Plan 8 submitted by the Ministry of Industry and Trade to the Prime Minister still does not fully meet the detailed requirements for feasible and effective implementation, and the procedures and order are not yet complete according to regulations. (See more)

Deputy Governor: It's hard to treat a disease with a lack of money, and even harder to treat a disease with too much money

The above sharing was given by Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu at the Conference on promoting credit to support enterprises in the rice and seafood sectors in the Mekong Delta region held on the afternoon of September 15 in Can Tho.

Many banks have "excess money". (Photo: Hoang Ha)

“Banks are treating the disease of excess money. If there is a shortage, it is very difficult to treat, but if there is excess money, it is even more difficult to treat when it cannot be lent out... Just like businesses with inventory, banks have excess money in their vaults. Therefore, banks need to further increase credit to continue accompanying businesses," said Mr. Tu. (See more)

Prime Minister works with representatives of state-owned enterprises

On the morning of September 14, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired a conference of the Government Standing Committee working with state-owned enterprises (SOEs) nationwide on solutions to promote production, business and investment development.

The Prime Minister requested to create all favorable conditions for businesses, put oneself in the position of businesses to solve difficulties and overcome challenges. (See more)

Request for quick settlement of insurance claim for mini apartment fire in Hanoi

Insurance companies proactively coordinate with relevant agencies and organizations and individuals participating in insurance caused by fires to assess the extent of damage; determine the scope of insurance compensation, pay insurance money and carry out insurance compensation settlement procedures, pay insurance money quickly, promptly and fully to insurance participants.

That is the direction of the Department of Insurance Management and Supervision (Ministry of Finance) in the official dispatch sent to the Vietnam Insurance Association and insurance companies on reporting the damage and insurance compensation in the fire at the apartment building on Khuong Ha street, Khuong Dinh ward, Thanh Xuan district, Hanoi on September 12. (See more)

EVN fears risk of losing millions of dollars when selling electricity to Laos

Vietnam Electricity (EVN) has just sent a document to the Ministry of Industry and Trade and the Electricity Regulatory Authority regarding the policy of selling electricity to factories in the Nam Mo, Nam Kong and Nam E-moun hydropower plant cluster in Laos. These are factories that have been approved by the Prime Minister to import electricity to Vietnam.

Regarding the proposal to offset the output of purchases and sales with investors in Laos, EVN said there is still no legal basis and is concerned that it will lose millions of USD if applied. (See more)

Durian snatch purchase

With an export turnover of nearly 1.3 billion USD, this year, durian officially became Vietnam's "billion-dollar fruit". In growing areas, farmers made a fortune by selling at high prices, but export enterprises suffered losses.

At the Forum "Identifying the current situation of durian consumption and export linkage in 2023 and solutions for effective and sustainable development of the Vietnamese durian industry" on the morning of September 11, Mr. Nguyen Huu Chien, Director of Tan Lap Dong Agricultural Service Cooperative (Dak Lak), informed that competition for buying and selling occurs regularly. Even domestic enterprises are "fighting" and losing at home. (See more)

Cashless transactions increased by more than 60%

According to statistics from the National Payment Corporation of Vietnam - NAPAS, the number and value of non-cash transactions in our country have increased sharply.

In the first 7 months of this year alone, cashless payments and payments via mobile channels increased by more than 60%, while payments via QR Code increased by more than 120%. In the 2021-2022 period, cashless transactions increased by 86%, and transaction value increased by more than 30%.

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