Cancellation of sale order of 2.6 million VIB shares of person related to Chairman Dang Khac Vy

On November 1, the Ho Chi Minh City Stock Exchange (HoSE) announced information about the cancellation of the sale transaction of more than 2.6 million VIB shares (Vietnam International Commercial Joint Stock Bank) made on October 31 by Ms. Le Thi Hue due to failure to disclose information and report before the transaction.

Ms. Le Thi Hue is related to Mr. Dang Khac Vy, Chairman of the Board of Directors of VIB Bank (See details)

New directive on electricity price management, increasing electricity imports from China

The Government Office has just issued Notice No. 500/TB-VPCP on the conclusion of the Government Standing Committee at the meeting on the implementation of important projects of Vietnam Electricity Group and Vietnam Oil and Gas Group to ensure electricity supply and energy security.

The Prime Minister requested the Ministry of Industry and Trade to study and promote the purchase of electricity from Laos, agree with the buyer for the entire 5-year period and adjust the import price of electricity accordingly. In addition, consider the possibility of increasing the import of electricity from China to supplement the system if necessary. (See details)

Ministry of Finance has new proposal, bond issuing enterprises 'breathe a sigh of relief'

Speaking to the press on October 28, Deputy Minister of Finance Nguyen Duc Chi said: The Securities Law was promulgated by the National Assembly and took effect from 2019. In recent times, in the process of market development, a number of issues have arisen, especially related to the corporate bond market (CBO) and individual CBOs.

The Ministry of Finance does not propose to amend the contents related to the investment rights of individual investors in the market. Individual investors are entitled to invest in all types of individual corporate bonds. (See details)

A series of businesses in Hoa Binh owe huge tax debts, with one 'boss' owing up to 800 billion

According to data from the Hoa Binh Provincial Tax Department, as of September 30, 2024, there were 327 taxpayers in Hoa Binh province with tax arrears, fines and late payment fees not yet paid to the state budget of more than VND 2,272 billion.

Topping the list of tax arrears in Hoa Binh province is Hoang Mai Urban Development Investment Joint Stock Company with a tax arrears of nearly VND803 billion. (See details)

Results of inspection of Chinese grapes imported into Vietnam

The leader of the Plant Protection Department (Ministry of Agriculture and Rural Development) informed PV.VietNamNet about the results of inspection and supervision of Chinese grapes imported into Vietnam.

Testing 10 samples of grapes imported from China, the results showed that no samples violating food safety (pesticide residue) of Vietnam were detected. (See details)

Why two railway transport companies were 'erased'

Railway Transport Joint Stock Company was established on the basis of merging Hanoi Railway Transport Joint Stock Company and Saigon Railway Transport Joint Stock Company.

From November 1, Railway Transport Joint Stock Company will officially come into operation. The merger is based on the restructuring plan of enterprises and units under Vietnam Railway Corporation approved by the Prime Minister in the Project on restructuring Vietnam Railway Corporation until 2025. (See details)

Korean giant SK Group completes transfer of 76 million Masan Group shares

SK Group, the leading chaebol in Korea, has successfully transferred 76 million shares of Masan Group of billionaire Nguyen Dang Quang through a negotiation method.

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Billionaire Nguyen Dang Quang, Chairman of Masan. Photo: MSN

After the transaction, SK Group's ownership ratio at Masan Group is 3.67% of charter capital and is no longer a major shareholder. This is one of the notable transactions for stocks that have not reached the foreign ownership limit (non-FOL) in Vietnam. (See details)

Electronic invoices for buying and selling are rampant online, the General Department of Taxation 'orders' to prevent them

The General Department of Taxation (Ministry of Finance) has just sent a document to the tax departments of provinces and centrally-run cities and the tax departments of large enterprises on preventing and handling the situation of selling invoices on cyberspace.

Tax authorities are required to step up the synchronous implementation of solutions to prevent the buying and selling of invoices on cyberspace, proactively collect information about subjects selling invoices on cyberspace in the area... (See details)

Tax refund is still difficult, tax department is given new power

Deputy Minister of Finance Nguyen Duc Chi has just given an interview on the Ministry of Finance's Electronic Information Portal about the Draft Law amending and supplementing a number of articles of the Securities Law, the Accounting Law, the Independent Audit Law, the State Budget Law, the Law on Management and Use of Public Assets, the Tax Administration Law and the National Reserve Law (Project 1 law amending 7 laws).

According to the Ministry of Finance, implementing tax refunds as currently regulated, the process, procedures and coordination between the tax department and tax branches in processing tax refunds can take a long time. (See details)

Gold shop sells goods like a 'football game', customers run back and forth like shuttles

Gold prices have continuously reached record highs, while the market is scarce, forcing many people to go early and come back late, waiting all day to buy. Notably, outside the gold shops on Tran Nhan Tong Street, many "gold brokers" have appeared. These people approach customers who come to buy gold, then pay a price difference of 500,000 VND/tael to buy it back. (See details)

In Hanoi, customers are allowed to buy a maximum of 1 tael of gold ring, and some stores even sell 1 tael per person, but within a short time, all gold shops simultaneously announced that they were out of gold. Staff continuously directed customers to other establishments, but they still could not buy. (See details)

The price of gold rings has fluctuated strongly recently, but gold and silver shops in Quang Ninh and Nam Dinh are all in a gloomy trading situation. (See details)

Having to sell at a 'loss', a Vietnamese giant trading in Chinese electric vehicles suffers heavy losses

TMT Auto Corporation (HoSE-TMT) has just announced its consolidated financial report for the third quarter of 2024 with a loss of nearly VND 93 billion compared to a profit of more than VND 140 million in the same period last year.

In the first 9 months, TMT lost nearly 192 billion VND, compared to a profit of more than 2.4 billion VND in the same period. This loss is equal to about 52% of the company's charter capital.

Previously, TMT had made losses in the second and fourth quarters of 2023 and the second quarter of 2024, as well as making very little profit in other quarters. (See details)