Stocks forming a short-term uptrend with strong liquidity
VN-Index continued to increase to approach the resistance level of 1,060 points with the highest liquidity in more than two weeks of the stock market, showing that investor sentiment is improving when the selling pressure of the block outside has cooled down significantly.
Vietnamese gold demand decreased sharply in the first quarter of 2023
In the first quarter of 2023, the Vietnamese gold demand decreased by 12% over the same period, from 19.6 tons to 17.2 tons. At the same time, global gold consumption (excluding the OTC market) is 13% lower than in the same period last year. However, the recovery of the OTC market lifted total
The State Bank proposes a capital increase for Vietcombank, Vietinbank, BIDV, and Agribank
The State Bank has submitted to the Prime Minister a plan to increase capital for the group of 4 largest state-owned banks in Vietnam (including Vietcombank, Agribank, BIDV, and Vietinbank). The Big 4 group is currently leading in terms of total assets, capital base, and prestige in Vietnam.
Global minimum tax delay causes double loss for State and FDI enterprises
From 2024, countries around the world will impose a global Minimum Tax. If Vietnam does not apply, it will lose "the right to tax." Tens of trillions of differences in corporate income tax that the FDI "big man" has to pay flow back to the country every year. If the global
Parkson Vietnam filing for bankruptcy and challenges mentioned
After 18 years of operation, Parkson Vietnam applied to the Ho Chi Minh City Court and began voluntary bankruptcy proceedings on April 28th.
Vietnam's economy expected to surge 6.5% in 2023: OECD report
The Organization for Economic Cooperation and Development (OECD) predicts that Vietnam's economy will steadily grow, with a gross domestic product (GDP) of 6.5% in 2023 and 6.6% in 2024.
Prime Minister urged to expedite 2% VAT reduction plan
Prime Minister Pham Minh Chinh requested the Ministry of Finance to complete the dossier soon, the plan to reduce 2% VAT, reduce land rent ... to submit to the competent authorities to consider and decide.
VASEP proposed a credit package of 10,000 billion VND with low interest rate
VASEP proposed the Prime Minister consider approving a demand stimulus program to create motivation and maintain the purchase of aquatic materials and seafood specifically a credit package of about 10,000 billion VND with low interest rates for aquatic products businesses to borrow, purchase and
LienVietPostBank ‘held’ more than 418 trillion dong of mortgage real estate
In 2022, LienVietPostBank's total pre-tax profit reached 5,689 billion VND, an increase of 54% compared to the same period in 2021. Currently, this bank owns more than 418 trillion VND of mortgage real estate, accounting for 68% of the total collateral value, 1.77 times higher than total
Securities companies: Expiry of massive profits
In the season of the general meeting of shareholders, the business plan for 2023 of securities companies has been revealed. Many businesses set conservative targets after a less favorable 2022. However, many companies are confident with their plans to grow over time, expand the scale, and re-divide
Ministry of Finance regulates insurance companies
According to the Insurance Supervision Administration, businesses must immediately assess their sales and appraisal procedures.
Government requires study of business costs for petrol retail
The Ministry of Industry and Trade and Ministry of Finance were assigned to study regulations on standard business expenses for retail businesses when amending the decree.
