- PG Bank changes name
On November 20, the Board of Directors of Petrolimex Joint Stock Commercial Bank (PG Bank) announced the decision to change its commercial name to Prosperity and Development Joint Stock Commercial Bank (PGBank). The bank's current abbreviation, PG Bank, will be changed to PGBank (according to Dan Tri).
- From December 1, transactions from 400 million VND must be reported.
According to Decision 11/2023 of the Prime Minister, from December 1, transactions with a value of 400 million VND or more must be reported to the State Bank. This Decision stipulates that large-value transactions must be reported to the State Bank according to the provisions of Clause 2, Article 25 of the Law on Anti-Money Laundering (according to Tien Phong).
- Ministry of Finance does not support the proposal of auto giants
The Ministry of Finance has just submitted to the Government a 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. In this submission, the Ministry of Finance does not support the two proposals of Toyota and Ford because "there are already many policies to support the domestic automobile manufacturing and assembly industry". (See more)
- Spending 2.7 billion USD to import soybean oil, not agreeing to reduce tax to 0%
In the submission to the Government on the draft Decree amending and supplementing a number of articles of Decree No. 26/2023/ND-CP, the Ministry of Finance did not agree to reduce the import tax on soybean meal from 2% to 0%. According to the Ministry of Finance, soybean meal is a product from the soybean oil pressing process. This item is one of the important raw materials for the production of animal feed. In 2022, our country will have to spend 2.7 billion USD to import about 5 million tons of soybean meal. (See more)
- 'Urgent' postponement of gasoline price adjustment date
On November 21, the Ministry of Industry and Trade issued urgent document No. 8239 to the Departments of Industry and Trade of provinces and cities, key enterprises and petroleum distributors to announce the change in the period of gasoline price management from 10 days to 7 days and applied every Thursday according to the newly issued Decree No. 80. Accordingly, the first price management period according to the new regulations is November 23 (according to Tien Phong).
- China agrees to sell electricity to Vietnam via Lao Cai
The National Power System Dispatch Center (A0) under the Vietnam Electricity Group (EVN) has just reported on the operation method for November and the remaining months of 2023. Regarding electricity import, A0 said that the possibility of buying electricity from China in the last months of the year is updated according to the latest negotiations from the Electricity Trading Company. Accordingly, the Chinese side agreed to sell electricity to Vietnam in the direction of Lao Cai with a total output of 90 and 93 million kWh in November and December 2023, respectively (about 3 million kWh/day), and there is no plan to confirm the sale of electricity in the direction of Ha Giang in 2023 (according to Tuoi Tre).
- Ministry of Finance explains the requirement to issue invoices for each sale of gasoline
On November 21, the Ministry of Finance announced: Tax Administration Law No. 38/2019/QH14 was issued on June 13, 2019 and took effect from July 1, 2020, with the provisions on electronic invoices and documents of this law taking effect from July 1, 2022. To implement the above provisions, the tax authority has coordinated with relevant units, with the support and companionship of the people and the business community, from July 1, 2022, all enterprises and organizations nationwide have issued electronic invoices. (See more)
- Deposited nearly 7.8 million billion VND in temporarily idle budget, earned more than a billion USD in bank interest
From 2017 to October 31, 2023, the Ministry of Finance has deposited temporarily idle state budget funds at commercial banks with a total deposit value of VND 7.79 million billion, the interest earned is nearly VND 25,100 billion. The above information was stated by the Ministry of Finance in the Submission of the Decree amending and supplementing Decree No. 24/2016/ND-CP dated April 5, 2016 of the Government regulating the state budget management regime. (See more)
- How is Sabeco doing after nearly 6 years in the hands of a Thai billionaire?
After the acquisition of more than 54% of shares from the Thais, Sabeco's business results were not very positive when the Covid-19 pandemic broke out and lasted for nearly 3 years, and the economic difficulties also greatly affected the operations of the beer giant. In the first 9 months of 2023, Sabeco's revenue reached 22,125 billion VND, down 12% compared to the same period in 2022. Of which, revenue from beer reached 19,582 billion VND (the same period was 22,129 billion VND), revenue from selling raw materials was 2,269 billion VND, revenue from selling wine and alcohol was only 36 billion VND... (according to Nguoi Lao Dong).
- Billion dollar seeds hit record high price, fear of losing trillions when picking green fruit
Coffee prices are at record highs and are expected to continue to rise in the coming time. Experts warn that if people pick green berries, it will greatly affect the quality and at the same time lose thousands of billions of dong. (See more)
Oil prices on the world market today, November 21, increased rapidly due to concerns about continued tightening of global supply. Brent oil prices have reached 82 USD/barrel, while WTI oil prices are heading towards 78 USD/barrel.
The central exchange rate on November 21 decreased by 39 VND . The USD price at commercial banks today decreased sharply, to 24,200 VND/USD in the selling direction, closing the session at around 23,920-24,290 VND/USD (buy - sell). The world USD price continues to weaken.
The stock market on November 21 recorded the VN-Index increasing by 6.8 points, to 1,110.46 points.
Green dominated red in most industry groups. Construction stocks and oil and gas stocks both "made waves".
Gold prices today, November 21, on the world market increased. Domestic gold ring prices today increased sharply, reaching nearly half a million VND, approaching the 61 million VND/tael mark, reaching a record high. Gold bar prices also reached a one-month high.
Bank interest rates today, November 21, recorded that some commercial banks continued to reduce deposit interest rates in the context that nearly 100,000 billion VND will be pumped back into the market within the next 3 weeks.
Source
Comment (0)