New electricity price list; reduced construction permit time

- 'The State Bank must compulsorily transfer Dong A Bank to another bank'

The State Bank coordinates to speed up the compulsory transfer process for 3 compulsory purchase banks (OceanBank, GPBank, CBBank). As for Dong A Bank, due to its negative equity, it must be compulsory transferred to another bank according to regulations. That is the recommendation of the State Audit stated in the Audit Results Report of the Socio-Economic Recovery and Development Program recently sent to the National Assembly Standing Committee and National Assembly deputies. (See more)

- Proposed new tiered electricity price: Highest over 3,600 VND/kWh

The Ministry of Industry and Trade has just sent the Ministry of Justice for appraisal of the draft Decision on the structure of the new retail electricity price list, replacing Decision 28 of 2014. The Ministry of Industry and Trade proposes a new electricity price list consisting of 5 levels instead of the current 6 levels, with the lowest level from 0-100 kWh, the highest from 701 kWh and above. Of which, the electricity price of level 5 (for kWh from 701 and above) is proposed to be 3,612.22 VND/kWh. (See more)

- Proposal not to adjust export tax on fertilizer products

The Ministry of Finance is seeking comments on the draft Decree amending and supplementing a number of articles of Decree No. 26/2023/ND-CP of the Government on export tax schedules, preferential import tax schedules, list of goods and absolute tax rates, mixed tax, and import tax outside the tariff quota. The Ministry of Finance proposes not to adjust the export tax rate on fertilizers but to implement it according to current regulations (according to the Government Newspaper).

- Hanoi reduces construction permit application time to 15 days

The Hanoi People's Committee has just issued a decision approving the plan to simplify two administrative procedures in the construction sector under the management of the city People's Committee. Accordingly, the procedure "approval/approval of project adjustment, decision on investment in construction works" has reduced the implementation time from 19 to 15 working days (according to Tien Phong).

- 'White gold' is sluggish, dozens of businesses stop production

Quy Hop District (Nghe An) has the largest white stone mine in the country. At times, the supply of stone mining cannot meet the demand, and all the production is sold out. The expensive white stone is considered “white gold” and is exported to many countries around the world. However, since the beginning of the year, many mineral mining enterprises in the white stone capital of Quy Hop have had to close their mines due to difficulties in exporting. (See more)

w da page 14 1 1329.jpg — White stone is cut into slabs and filled the factory and warehouse. (Photo: Quoc Huy)

- Shark Thuy's company shares were delisted, Mr. Quach Manh Hao withdrew.

The market price "evaporated" more than 90%, IBC shares of Apax Holdings Investment Joint Stock Company were officially announced by HoSE to be delisted. Previously, Mr. Quach Manh Hao also submitted a resignation letter from the position of Independent Board Member of Apax Holdings (according to Dan Tri).

- Father and son of Tan Hoang Minh Group Chairman prosecuted for fraud of more than 8,000 billion VND

On November 22, the Supreme People's Procuracy issued an indictment against the defendant Do Anh Dung (born in 1961, Chairman of Tan Hoang Minh Group) for "Fraudulent appropriation of property". Due to the company's debt, Mr. Do Anh Dung was accused of opening 9 separate bond offerings with his son and a group of subordinates, and Mr. Dung appropriated 8,643 billion VND of the money raised (according to Tien Phong).

- Revealing a series of billion-dollar businesses and famous projects of Van Thinh Phat

Van Thinh Phat Group has built an ecosystem of more than 1,000 enterprises including domestic and foreign subsidiaries and member companies. This group of companies is divided into many layers, with hundreds of individuals hired to act as legal representatives. Notably, there are many real estate enterprises with charter capital of billions of USD, owning large-scale projects (according to Tien Phong).

- Tet tour price increases about 10% compared to normal days

At some travel agencies, overseas tours during the Lunar New Year receive more attention from buyers than domestic tours. According to a survey, the price of Tet tours this year has maintained an increase of about 10% compared to normal days (according to VTV).

- Chinese 'big customers' rush to buy, fruit and vegetable exports hit record high of 5 billion USD

By mid-November, our country's fruit and vegetable exports set a historic record of 5 billion USD. Of which, China is the customer that buys the most types of Vietnamese fruits and vegetables. By the end of October 2023, China accounted for 66.1% of the export value of the entire fruit and vegetable industry, reaching 3.2 billion USD, an increase of 164.7% over the same period in 2022. (See more)

- The 20 billion USD durian 'cake': 4 countries share, Vietnam's outstanding advantage

China is the world's largest durian consumer market, with a forecast size of 20 billion USD by 2025. This "pie" is being shared by four countries, in which Vietnam is considered to have an advantage over its competitors. (See more)

The price of gold today in the world market cooled down after increasing sharply last night. The price of gold rings in the country today continued to increase strongly from yesterday, with some brands increasing by 700 VND/tael and after 2 sessions increasing by more than 1 million VND/tael, surpassing the 61 million VND/tael mark, setting a new peak. The price of gold bars also increased strongly, surpassing 72 million VND/tael.

Today's oil prices on the world market have leveled off. Oil prices have cooled down due to investors' cautious sentiment.

The central exchange rate on November 22 decreased by 30 VND. The USD price at commercial banks today increased quite strongly, closing the session at around 23,985-24,355 VND/USD (buy - sell). The world USD price recovered.

The stock market on November 22 recorded the VN-Index increasing by 3.36 points to 1,113.82 points. This is the third consecutive increase since the beginning of the week and the increase is quite slight. NVL made the strongest impression on the session when it increased to the ceiling after the news that Novaland was being sought by the Government to remove difficulties for some projects.

No bank has adjusted the bank interest rate today, November 22. Currently, the mobilization interest rate is below 6%/year for deposits with terms from 6-12 months.

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