Bird's nest has 'visa' to China; mountain town tycoon is being prosecuted

- About to export the first batch of bird's nest to China

The Ministry of Agriculture and Rural Development said that the General Administration of Customs of China has officially approved a Vietnamese enterprise to export bird's nest to this market. According to the Department of Animal Health, as of November 8, 2023, 45 enterprises have registered to export bird's nest to China and have been instructed by the Department of Animal Health to conduct disease safety and food safety monitoring according to China's requirements in the Protocol; of which, 9 enterprises have completed the export registration dossier and submitted it to the General Administration of Customs of China for consideration (according to VTV Digital/TTXVN).

- State Bank meets with banks on real estate lending

On the morning of November 13, the State Bank of Vietnam (SBV) and the Ministry of Construction held a conference with banks lending over VND20,000 billion to real estate. SBV said that outstanding credit for the real estate sector as of September 30 reached VND2.74 million billion, up 6.04% compared to December 31, 2022, accounting for 21.46% of total outstanding loans to the economy. (See more)

- Regulations on invoices and documents cause businesses to increase costs.

The Vietnam Confederation of Commerce and Industry (VCCI) believes that the regulation of issuing invoices for each purchase instead of at the end of the day causes retail and service businesses to incur higher costs. This is a notable content in the document that VCCI has just sent to the Ministry of Finance regarding comments on the Draft Decree related to regulations on invoices and documents. In this comment document, VCCI points out many points that are disadvantageous to businesses. (See more)

- US considers recognizing Vietnam's market economy: Launch pad for exports

The US Department of Commerce has officially initiated a review to change the circumstances to recognize Vietnam as a market economy. The representative of the Ministry of Industry and Trade said that this is a positive and goodwill move from our side and the current context creates some advantages for us. (See more)

- How is Shark Le Han Tue Lam's investment fund operating?

Nextrans - where shark Le Han Tue Lam is the representative director in Vietnam - is a venture capital fund, headquartered in Seoul, South Korea and focusing on technology startups in Vietnam, the US and South Korea. (See more)

sharktuelam vtv 632.gif — Le Han Tue Lam, representative of Nextrans in Vietnam. (Photo: VTV)

- Reasons why Kido Group was fined

The State Securities Commission Inspectorate imposed an administrative fine of nearly VND120 million on Kido Group Corporation for failing to disclose information required by law related to bonds and for lacking information on the salaries of the board of directors in the report (according to Tien Phong).

- Quoc Cuong Gia Lai was charged more than half a billion VND in back taxes two years ago.

Quoc Cuong Gia Lai Joint Stock Company (code QCG) has just announced that it has received a decision from the Gia Lai Provincial Tax Department on administrative penalties for tax violations. The document of the Gia Lai Tax Department stated that through regular annual tax inspections, it is necessary to collect more than VND 556 million in taxes from QCG according to the tax policy for 2021 and 2022. Previously, Quoc Cuong Gia Lai announced its financial report for the third quarter of 2023, recording a net revenue decrease of 87% compared to the same period to VND 67 billion, even financial revenue was less than VND 20 million while the third quarter of 2022 recorded VND 10 billion (according to An Ninh Tien Te).

- The truth about green Seng Cu rice causing a stir on the 'online market'

Green Seng Cu rice is causing a stir in the online market, with housewives rushing to buy it because of its unique green color. Sharing about the green color of Seng Cu rice, Ms. Truong Thi Cam affirmed that standard Seng Cu rice will be white or ivory. Green rice is dyed with pandan leaf water or pandan leaf powder. It is similar to how many people cook five-color sticky rice, using pandan leaves for green color, purple leaves for purple color, and gac fruit for red color... (See more)

Today's world oil prices are falling, following the downward trend from last week. Domestic oil prices are being reduced by the Ministry of Industry and Trade and the Ministry of Finance, with diesel falling sharply by VND1,060/liter.

The stock market on November 13 recorded the VN-Index almost losing the 1,100-point mark, with strong internal differentiation among major sectors. Order matching liquidity on the HoSE was slightly higher than the average level in the past month.

The central exchange rate on November 13 increased by 1 VND. The USD price at commercial banks today increased slightly. Meanwhile, the world USD price decreased slightly.

Today's gold price on the world market remained almost unchanged. Domestic SJC gold price in the early morning increased by VND100,000/tael (buy) but decreased by VND100,000/tael (sell). By the afternoon, gold price increased by VND100,000/tael in both directions.

Bank interest rates today, November 13, witnessed a series of banks reducing deposit interest rates such as VietA Bank, SCB, Eximbank. Notably, contrary to the trend, OCB increased interest rates.

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