- There is 560,000 billion VND, enough resources to reform salaries in the next 3 years.
Presenting a report on the socio-economic situation at the opening session of the 6th session of the 15th National Assembly, Prime Minister Pham Minh Chinh said that the State budget deficit and public debt indicators were controlled below the limits and warning thresholds according to the Resolution of the National Assembly. At the same time, promoting increased revenue, saving expenditures, and setting aside a salary fund of about VND 560,000 billion to date ensures sufficient resources for salary reform in the 3 years of 2024-2026 (according to VTV).
- Minister of Finance: Salary reform and pension increase from July 1, 2024
On the afternoon of October 23, Minister of Finance Ho Duc Phoc, authorized by the Prime Minister, reported to the National Assembly on the implementation of the state budget in 2023, the state budget estimate, and the central budget allocation plan for 2024. According to Minister Ho Duc Phoc, with the central budget allocated to implement salary reform of about 132 trillion VND and the accumulated source of local budgets of about 430 trillion VND, it is enough to synchronously reform salary policy from July 1, 2024. (See more)
- Increase license plate fees for many types of vehicles
According to Circular 60/2023 effective from October 22, the Ministry of Finance officially adjusted the license plate fee for many types of vehicles, in particular, pickup trucks increased 40 times, from 500,000 VND to 20 million VND/vehicle, applied in Hanoi and Ho Chi Minh City (according to Dan Tri).
- Economic Committee: Handling weak credit institutions and loss-making projects is still very slow.
The Economic Committee commented that the implementation of the Project on restructuring the system of credit institutions associated with handling bad debts in the period of 2021-2025 and the plan to handle weak credit institutions, projects and works with slow progress, ineffective investment, and prolonged losses, is still very slow, including the need to accurately assess and appraise the value of assets over many years (according to Tien Phong).
- Remittances to Ho Chi Minh City increased sharply in 9 months
Despite the difficult impacts from the world economy, the amount of remittances sent to Ho Chi Minh City in the first 9 months of the year reached more than 6.6 billion USD, exceeding the whole of 2022 (according to Tien Phong).
- Mr. Luong Hoai Nam is the general director of Bamboo Airways.
Mr. Luong Hoai Nam has just been appointed as General Director of Bamboo Airways to replace Mr. Nguyen Ngoc Trong, Vice Chairman of the Board of Directors and General Director of this airline. The position of General Director of Bamboo Airways has been constantly changing. Previously, Vice Chairman of the Board of Directors, Mr. Nguyen Ngoc Trong, concurrently held this position to replace Mr. Nguyen Minh Hai who resigned. (See more)
- Ho Chi Minh City Tax Department has a new director
The Ho Chi Minh City Tax Department officially has a new director after 11 months of vacancy in this leadership position. The new director of the Ho Chi Minh City Tax Department is Mr. Nguyen Nam Binh, former director of the Ba Ria - Vung Tau Province Tax Department and former deputy director of the Ho Chi Minh City Tax Department (according to Tuoi Tre).
- PG Bank elects new chairman, changes name, moves headquarters
After 6 months of Petrolimex's divestment and then the participation of new investors, PG Bank held an extraordinary general meeting of shareholders in 2023 and approved all proposals on name change, personnel, headquarters relocation, capital increase... Mr. Pham Manh Thang was elected Chairman of the Board of Directors, Mr. Dao Phong Truc Dai was elected Vice Chairman of the Board of Directors, Mr. Tran Ngoc Dung was elected Head of the Supervisory Board of PG Bank (according to Tien Phong).
- Former German Vice Chancellor of Vietnamese origin joins Vietravel Airlines
Former German Vice Chancellor of Vietnamese origin, Mr. Philipp Rösler, officially became an independent member of the Board of Directors of Vietravel Airlines from October 23, as the airline's strategic advisor in expanding its international network.
- 'Shark' money flows bet another 1,000 billion on Vinhomes
The stock market has not yet escaped strong selling pressure as businesses are still facing difficulties. However, money from "shark" organizations continues to pour in. Foreign investors bet more than 1,000 billion VND on Vinhomes of billionaire Pham Nhat Vuong. (See more)
- Big guy pours billions into 'boss' Tho Phat dumplings
Kido Group has just announced its financial report for the third quarter of 2023, revealing the value of its investment in Tho Phat International JSC, a 40-year-old dumpling brand with the largest market share in the South. The total amount of money that Kido invested was more than VND 810 billion to hold 51% of shares at the end of September. Not stopping there, Kido recently announced that it would increase its ownership ratio at Tho Phat to 68% of charter capital. With this new ratio, the amount of money that the group invested in Tho Phat International is more than VND 1,000 billion. (See more)
The stock market has yet to pick up. On October 23, the VN-Index fell 14.5 points to 1,093.53 points. Notably, the order matching liquidity was very low, only VND10,110 billion on the HoSE, compared to the average of about VND15,000 billion in the past month.
Today's world oil prices decreased slightly after increasing last week. Domestic oil prices are being managed by the Ministry of Industry and Trade - Ministry of Finance in a slight increase direction.
The central exchange rate on October 23 decreased by 20 VND compared to the end of last week. The USD price at commercial banks today increased quite strongly. Meanwhile, the world USD price cooled down.
Gold prices on the international market today suddenly dropped sharply despite experts predicting that the upward trend will continue. Domestic gold prices fell by VND200,000/tael for buying and VND300,000/tael for selling.
Bank interest rates today recorded no adjustment. The highest interest rate is now only 6.6%/year, applied to long-term deposits.
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