Gasoline prices are expected to fluctuate until the end of the year. In the photo: customers filling up gas in Ho Chi Minh City – Photo: Q. DINH
Inflationary pressures may increase after floods
In a recently released report, Phu Hung Securities (PHS) assessed that storm Yagi had caused serious impacts on the northern economic region of Vietnam.
Going forward, there are two issues to keep in mind:
– First, inflationary pressure may increase slightly in the short term due to the sharp increase in commodity prices, especially food, after the storm.
Update GOLD PRICE HERE
– Second, Typhoon Yagi will affect GDP growth in the third quarter and the whole year of 2024.
Therefore, PHS experts cautiously adjusted the third quarter GDP growth to around 6.7%.
However, PHS experts also emphasized that these impacts will only exist in the short term, so they will not change the growth target for 2025.
After the impact of Typhoon Yagi, production and export activities are expected to quickly recover in the fourth quarter to meet high demand during the year-end holiday season in European and American markets.
In the coming time, PHS experts believe that the Government and the State Bank will have to implement more strongly support policies to restore the economy, thereby helping economic growth maintain good momentum. Especially when the exchange rate has decreased deeply, the State Bank will have more room to implement a "loose" monetary policy.
Proposal for retirement to be paid unemployment insurance contributions
Voters of Vinh Phuc province suggest that when amending the Law on Employment, the authorities should study the direction that unemployment insurance contributors who reach retirement age or terminate their labor contracts but have not yet received unemployment benefits will be paid the amount they have paid, ensuring the principle of contribution - benefit.
This is the amount paid into the unemployment insurance fund (1% of monthly salary).
Workers complete unemployment insurance procedures at Bac Giang Employment Service Center – Photo: HA QUAN
Regarding this, the Ministry of Labor, War Invalids and Social Affairs affirmed that unemployment insurance is short-term insurance (like health insurance), with a high risk sharing between employed people and unemployed people.
In fact, many people pay but only a few people who lose their jobs benefit, to support them with training, advice, referrals, job maintenance and partial income compensation when they lose their jobs.
Currently, the average monthly unemployment insurance contribution is 6 million VND. A person pays a minimum of 12 months with the amount of 1% x 6 million VND x 12 months = 720,000 VND (equivalent to 12%).
However, unemployed people can enjoy benefits of up to about 500% (not including benefits for consulting and job referral).
Thus, for one person to enjoy maximum unemployment insurance benefits, nearly 40 people need to contribute. According to calculations, currently, for every 12-13 people contributing, there is only 1 person receiving benefits.
In addition, the principle of contribution and benefit of unemployment insurance is that if a risk occurs and the conditions are met, the participant will receive support with each specific regime, not just paying money into the fund and not encountering any risk will receive the money paid back.
Tens of thousands of billions of bonds are at risk of late principal repayment
According to statistics from Visrating - a credit rating agency with capital from Moody's, in September 2024, the total value of maturing bonds reached VND 24,500 billion, VND 18,100 billion higher than the previous month.
Visrating estimates that among the above maturing bonds, VND1,800 billion is at risk of late principal payment, most of which have previously delayed bond interest payments.
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Over the next 12 months, Visrating estimates that about 18% of the VND245,000 billion of maturing bonds are at risk of late principal repayment, or about more than VND44,100 billion.
Of these, 76% of the value of high-risk bonds belongs to companies in the residential real estate and construction industry group.
In August 2024, 13 late-payment issuers in the fields of residential real estate, retail and agriculture returned a total of VND 2,400 billion in principal to bondholders.
After partial payment, the remaining outstanding debt of these issuers is VND 8,500 billion.
In total, out of 567 overdue bonds arising from 2022, 63 bonds have paid all overdue principal and interest to bondholders and 294 bonds are in the process of restructuring.
The late collection rate of overdue bonds increased to 20.8% by the end of August 2024.
The Gioi Di Dong boss continuously wants to sell shares
Mr. Dang Minh Luom - member of the Board of Directors of Mobile World Investment Corporation (MWG), has just sent a notice to the Securities Commission about registering to sell 1 million MWG shares.
The transaction is expected to take place from September 25 to October 24, for personal financial needs.
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If the transaction is successful, Mr. Luom will collect the money and at the same time reduce his ownership ratio at Mobile World from 0.22% of capital to 0.15% of capital.
Previously, Mr. Nguyen Duc Tai - Chairman of MWG Board of Directors, also successfully sold 1 million MWG shares by order matching on the stock exchange from September 9 to September 19.
As a result, the MWG chairman has reduced his direct ownership ratio from 2.28% to nearly 2.22%. In June this year, Mr. Tai also sold 2 million MWG shares.
Previously, Mr. Tai rarely sold shares. The most recent time, Mr. Tai registered to sell MWG shares from the end of 2021, the quantity was lower.
Regarding the move to sell shares by Mobile World's leaders, at the end of February this year, Mr. Robert Alan Willett - a non-executive member of the Board of Directors - also registered to sell 1.2 million MWG shares.
Shares of Tan Tao female tycoon banned from trading from September 26
The Ho Chi Minh City Stock Exchange (HoSE) has just decided to transfer ITA shares of Tan Tao Investment and Industry Corporation from restricted trading to suspended trading from September 26.
HoSE's decision clearly stated: Tan Tao continued to violate regulations on information disclosure on the stock market after being placed on a restricted trading list.
Previously, ITA had not yet announced the audited financial statements for 2023, the annual report for 2023 and the semi-annual reviewed financial statements for 2024.
Tan Tao is a company chaired by Ms. Dang Thi Hoang Yen (new name Maya Dangelas, American nationality). Regarding the delay in publishing the above reports, ITA leaders have requested the State Securities Commission and HoSE to allow a temporary postponement.
Because the company explained that despite its best efforts, contacting and persuading all auditing companies, it was rejected.
Event news scheduled to take place from September 22 to 27
– September 22: Launching ceremony to respond to the Campaign to make the world cleaner in 2024; in Lang Son: Traffic safety propaganda contest; in Nam Dinh: Incense offering ceremony to commemorate the death anniversary of Saint Tran
– From September 22 to 27 in Phu Tho: The 9th “For National Security” Health Congress and the 6th “People's Public Security Regulations, Military, Martial Arts Competition – Region 2”
– September 23: Special Government meeting on law making; Information on the 94th anniversary of the founding of the Vietnam Women's Union and Vietnamese Women's Day October 20
– September 24: Ceremony to send off level 2 field hospital No. 6 and engineering team No. 3
– From September 27 to 29 in Ninh Thuan: The 6th Cham Ethnic Cultural Festival in 2024.
Main news on Tuoi Tre daily today, September 22. To read Tuoi Tre printed newspaper E-paper version, please register for Tuoi Tre Sao HERE
Weather news today 9-22
River crab season – Photo: VU LINH
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