Shark Tam Asanzo was prosecuted

On June 23, the Ho Chi Minh City Police Department prosecuted Mr. Pham Van Tam (born in 1980, former Chairman of the Board of Directors of Asanzo Company) for tax evasion. A few days later, he was temporarily detained.

Mr. Tam is famous for the "made in Vietnam" television brand Asanzo, which has grown rapidly. However, the Quang Ninh-born tycoon has been embroiled in a series of scandals regarding the origin of goods, taxes, and fertilizer projects... and has been in deep trouble for many years. (See details)

Going back in time, a policy that was expected to help clarify the Asanzo scandal was the "made in Vietnam" goods regulation proposed by the Ministry of Industry and Trade to the Government in 2018, but after 6 years it has yet to be enacted.

This proposal was initiated by the Ministry of Industry and Trade after the scandal of customs investigating the origin of Asanzo’s goods when Mr. Tam was chairman. At that time, the General Department of Customs suspected that Asanzo and related companies had committed 4 main violations. These were infringement of industrial property rights, consumer deception, violations of origin, and tax evasion. (See details)

Danh Khoi announced that he wants to buy the Dai Nam residential area project from Mr. Dung 'lime kiln'.

The General Meeting of Shareholders of Danh Khoi Group Corporation (HNX: NRC) on June 25 approved the plan to issue 100 million shares at VND10,000/share in 2024 to increase capital to VND1,926 billion. If successful, with the VND1,000 billion collected, NRC will spend VND375 billion to pay for a part of the Dai Nam Residential Area project and the Ham Thang - Ham Liem Commercial and Service Small-scale Industrial Residential Area, expected to be implemented in the fourth quarter of 2024 and 2025.

Dai Nam Residential Area is invested by Tan Khai Company Limited. Mr. Huynh Uy Dung - the tycoon Dung "lime kiln" - is the chairman of the board of directors of this company.

Danh Khoi Real Estate Company has recently faced many difficulties, with annual revenue of only a few billion VND. Therefore, the plan to attract billions of VND in capital and buy projects from tycoon Dung 'lime kiln' is quite a surprising move. (See details)

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Danh Khoi participates in many real estate projects. Photo: NRC

Mr. Truong Thanh Hoai was appointed Deputy Minister of Industry and Trade.

Authorized by the Prime Minister, on June 28, Minister of Industry and Trade Nguyen Hong Dien handed over the decision to transfer and appoint Mr. Truong Thanh Hoai - Director of the Department of Industry (Ministry of Industry and Trade) - to hold the position of Deputy Minister of Industry and Trade.

Mr. Hoai was appointed as Deputy Minister of Industry and Trade from June 21, 2024. The term of appointment is 5 years, the decision takes effect from the date of signing. (See details)

Nearly 9 million international visitors to Vietnam

According to the General Statistics Office, in the first 6 months of 2024, our country welcomed a total of more than 8.8 million visitors, an increase of 58.4% over the same period last year and an increase of 4.1% over the same period in 2019 - a year before the Covid-19 pandemic.

South Korea remains the largest market with 2.28 million arrivals, up 42.4% year-on-year. Next is the Chinese market with 1.89 million arrivals. Third is the Taiwanese market (China) with more than 630,000 arrivals. ( See details)

Second quarter GDP increased by nearly 7%, continuing recovery momentum

According to data just released by the General Statistics Office, the gross domestic product (GDP) in the second quarter of 2024 grew positively, with an estimated growth rate of 6.93% over the same period last year, only lower than the growth rate of 7.99% in the second quarter of 2022 in the period 2020-2024.

GDP in the first 6 months of 2024 increased by 6.42%, just lower than the growth rate of 6.58% in the first 6 months of 2022 in the period 2020-2024. (See details)

10-50% discount on 36 fees and charges from July 1

The Ministry of Finance has just issued Circular No. 43/2024/TT-BTC regulating the collection rates of a number of fees and charges to continue to remove difficulties and support production and business activities.

Accordingly, from July 1, 2024 to December 31, 2024, the Ministry of Finance will reduce 36 fees and charges by 10-50%. It is expected that this policy will reduce budget revenue by about 700 billion VND. (See details)

Proposal to reduce 50% of registration fee for domestically assembled cars

The Ministry of Finance is seeking comments on the Government's draft decree on registration fees for domestically produced and assembled cars.

According to the draft, from August 1, 2024 to January 31, 2025, the registration fee will be 50% of the fee prescribed in Decree No. 10 of 2022. From February 1, 2025 onwards, the registration fee will continue to be implemented according to the previous regulations. (See details)

General Department of Customs requests to block import of alien organisms

Faced with the situation of alien species flooding Vietnamese markets, the General Department of Customs requires timely prevention and strict management of imports.

Previously, VietNamNet reported that crayfish from China flooded into Vietnamese markets and were being sold for VND360,000-400,000/kg. The vendors selling this type of crayfish all claimed that they were still alive and well, and could survive a whole day on land without water, but could survive a whole week in a water tank.

This type of shrimp is considered a terrifying 'sea monster' for the agricultural industry. Many countries have regretted and paid a high price for bringing this shrimp to raise. (See details)

Continue to reduce VAT by 2% until the end of 2024

On the morning of June 29, the National Assembly voted to pass the resolution of the 7th session of the 15th National Assembly.

The National Assembly resolved to continue reducing the value-added tax (VAT) rate by 2% for groups of goods and services from July 1, 2024 to December 31, 2024.

The 2% reduction in VAT applies to a number of groups of goods and services. The sectors that continue to not receive this tax reduction include real estate, securities, banking services, telecommunications, information technology, coke, chemical products, goods and services subject to special consumption tax. (See details)