Morning news 11-18: Expected more than 506 billion VND in Tet gifts for 1.66 million meritorious people

Tin tức sáng 18-11: Dự kiến hơn 506 tỉ đồng tiền quà Tết cho 1,66 triệu người có công - Ảnh 1. — In addition to gratitude activities in localities, every year the President presents gifts to people with revolutionary contributions on the occasion of the nation's traditional New Year - Photo: GIA DOAN

Submit to the President to present Tet At Ty 2025 gifts to 1.66 million meritorious people

Authorized by Prime Minister Pham Minh Chinh, Minister of Labor, War Invalids and Social Affairs Dao Ngoc Dung has just submitted a report to President Luong Cuong on giving gifts to meritorious people on the occasion of the Lunar New Year 2025.

It is expected that over 1.66 million meritorious people will receive gifts worth over VND506 billion. Gifts come in two levels: VND600,000 and VND300,000.

Tin tức sáng 18-11 - Ảnh 2. — Only more than two months left until Tet At Ty 2025

Specifically, the gift of 600,000 VND is for Vietnamese Heroic Mothers who are receiving allowances, revolutionary activists before January 1, 1945, revolutionary activists from January 1, 1945 to the August 1945 uprising, Heroes of the People's Armed Forces, and Labor Heroes during the resistance war who are receiving monthly preferential allowances.

War invalids, people enjoying policies like war invalids, category B war invalids, sick soldiers, resistance fighters infected with toxic chemicals with physical injuries of 81% or more, people who have contributed to the revolution, and relatives of martyrs who are receiving benefits are also entitled to this gift level.

The gift of 300,000 VND is for war invalids, people enjoying policies like war invalids, war invalids of type B, sick soldiers with physical injuries of 80% or less who are receiving monthly allowances, and war invalids enjoying the loss of working capacity regime.

Resistance fighters infected with toxic chemicals and having a reduced working capacity of 80% or less who are receiving benefits, and representatives of martyrs' relatives and martyr worshippers (when the martyrs have no relatives) also receive a gift of 300,000 VND.

Reasons for FDI capital in Vietnam's slowing growth

In a recently published report, SSI Securities said that over the past 10 years, the growth of FDI capital flows into Vietnam has maintained its growth momentum, thanks to the trend of production shift.

Tin tức sáng 18-11 - Ảnh 3. — GOLD PRICE UPDATE

Countries and regions such as Singapore, Taiwan, and China are major contributors to this growth, as Vietnam has competitive advantages in terms of favorable investment policies, low labor costs, and a stable economy.

However, in 2024, FDI inflows into Vietnam will grow more slowly.

According to SSI, in the first 10 months of 2024, total registered FDI capital reached 27.26 billion USD, up only 1.9% over the same period.

“In the short term, FDI enterprises may wait to see President Trump's new tariff policies, including tax laws affecting imports from Vietnam,” SSI experts said.

According to SSI's analysis team, there are many reasons for the slowdown in FDI capital flows into Vietnam's industrial park real estate industry in 2024, including exchange rate fluctuations.

FDI policy reforms are needed to attract foreign capital into target sectors.

Currently, Vietnam is competing to attract FDI with neighboring countries such as Indonesia (which has enacted the Omnibus Law) or Thailand (which has a fund to enhance competitiveness and applies a corporate income tax of 10%), SSI cited.

Meanwhile, Vietnam's infrastructure is still limited, especially in the South. There is not much remaining area available for lease in major industrial zones.

According to SSI, the Government is taking actions to resolve bottlenecks to attract FDI capital flows. SSI believes that FDI capital flows will continue to grow, even when new US tax laws are applied.

Cash dividend rain this week

News reports that this week (from November 18 to 22), nearly 20 businesses have set their last date for cash dividend payments. Of these, Duc Giang Chemical Group Corporation (DGC) has set its last date for registration as November 20.

Tin tức sáng 18-11: Dự kiến hơn 506 tỉ đồng tiền quà Tết cho 1,66 triệu người có công - Ảnh 7. — Illustration

The rate of implementing DGC's 2024 interim dividend payment in cash is 30%. With this rate, DGC estimates that it will spend nearly VND 1,140 billion.

Another company related to DGC, Vietnam Apatite Phosphorus Joint Stock Company (PAT), also set the last registration date to receive cash dividends as November 20.

Notably, PAT will split at a rate of up to 70% (equivalent to 7,000 VND per share). With 25 million outstanding shares, PAT plans to spend about 175 billion VND.

Also paying high cash dividends is NTC of Nam Tan Uyen Industrial Park Joint Stock Company. This enterprise closed the last registration date to receive cash dividends in 2023 on November 25.

The dividend payout ratio this time is up to 60%, or VND6,000/share. With nearly 24 million shares in circulation, NTC will need to spend about VND145 billion.

People related to SAMETEL boss were heavily fined for buying shares illegally

The State Securities Commission recently issued a decision to sanction administrative violations in the securities sector against Ms. Tran Thi Thuy Duong, residing in Ha Dong district, Hanoi.

Accordingly, she was fined VND87.5 million for not reporting the expected transaction.

Tin tức sáng 18-11 - Ảnh 5. — Illustration

Specifically, Ms. Duong - who is related to Ms. Tran Thuy Linh, a member of the board of directors of SAMETEL Joint Stock Company (Stock code: SMT) - bought 528,200 SMT shares, equivalent to nearly VND 5.3 billion at par value.

The above transaction took place from March 22, 2024, but Ms. Duong did not report the expected transaction, the Securities Commission said.

Previously, another individual, Mr. Hoang Minh Anh Tu, also had to pay a fine of 100 million VND for not registering a public offering to buy ALT shares of Tan Binh Cultural Joint Stock Company.

Meanwhile, Mr. Hoang Minh Anh Tu is a member of the board of directors and general director of Tan Binh Cultural Joint Stock Company.

HUD has a new chairman

The Ministry of Construction has just announced the decision to appoint Mr. Dau Minh Thanh as Chairman of the Board of Directors of the Housing and Urban Development Corporation (HUD). This decision takes effect from November 15.

Tin tức sáng 18-11 - Ảnh 6. — Illustration

Mr. Thanh has many years of experience as a leader of units and enterprises under the Ministry of Construction. Before joining HUD as chairman, Mr. Thanh was the chief of staff of this ministry.

Previously, the Housing and Urban Development Investment Corporation had no chairman since early September this year after Mr. Nguyen Viet Hung was appointed Deputy Minister of Construction.

On the website, HUD is introduced as a state-owned enterprise established in 1989 under the Ministry of Construction with the main business lines being investment in the development of new urban areas and housing, and real estate business.

Digiworld Chairman sells part of capital at Viettel Construction

Mr. Doan Hong Viet has just announced to the Securities Commission the completion of the sale of 20,000 CTR shares of Viettel Construction Joint Stock Corporation.

The transaction took place on November 12. Thus, Mr. Viet reduced his ownership from 5.73 million shares (equivalent to 5.013% of CTR's capital) to more than 5.71 million shares (equivalent to 4.995%).

Reducing ownership ratio to below 5%, meaning Mr. Viet is no longer a major shareholder of Viettel Construction.

At the end of the session on November 12, the market price of each CTR share was VND131,200. It is estimated that the above shareholder could have earned more than VND2.6 billion from divesting capital at CTR.

It is known that Mr. Viet is the Chairman of the Board of Directors of Digiworld Corporation and also the Chairman of the Board of Directors of Created Future Company Limited. Mr. Viet's ownership in Viettel Construction is mainly indirect through Created Future.

National Music Festival 2024

On the evening of November 17, at Pham Thi Tran Theater, Ninh Binh city (Ninh Binh province), the Vietnam Musicians Association coordinated with the Department of Culture and Sports of Ninh Binh province to organize the 2024 National Music Festival.

The festival includes 2 contents: Introducing new works composed in 2023 - 2024 by musicians and Vietnamese Voice Festival, instrumental solos.

At the festival, there were 120 performances by 40 art troupes from provinces and cities across the country.

The 2024 National Music Festival takes place until November 20.