Kien Giang breaks ground on 40-km seaside road
HCMC – The Mekong Delta province of Kien Giang started work on a 40-km seaside road linking Hon Dat District and Kien Luong District at a total cost of some VND1.5 trillion yesterday, December 14. The 12-meter-wide road will be completed after some 26 months of construction, allowing a maximum
Public feedback sought for draft revisions of Land Law
HCMC – Lawmakers have decided to introduce draft revisions of the Land Law to the public to get feedback. At its 18th session on December 13, the National Assembly Standing Committee reached a consensus to gather public feedback on the draft of the revised Land Law and issues relating to the
Hanoi’s 2022 budget revenue to surpass estimate
HCMC – The total budget revenue of Hanoi City this year is expected to hit VND300,000 billion, or 107.9% of the year’s target, according to the city’s tax department. The budget revenue of the city this year saw a slight rise of 2.4% over 2021. According to Mai Son, director of the Hanoi Tax
Business tax debts up 3% in Jan-Nov
HCMC – Total tax debt owed by businesses had amounted to an estimated VND126.64 trillion in the year to November 30, up 3% year-on-year, according to the General Department of Taxation. This debt was 10.1% higher than late last year. The department attributed the strong rise to the Covid-19
Ninh Thuan to host international kitesurfing week for first time
HCMC – The south-central province of Ninh Thuan will host an international kitesurfing week for the first time to spur local tourism. The international kitesurfing week is scheduled to last 10 days, from December 16 to 25, in Ninh Hai District as part of the Ninh Hai-Ninh Thuan Cultural and
Some business models eligible for e-invoices generated from cash registers
HCMC – The General Department of Taxation is building a roadmap to deploy e-invoices with tax codes generated from cash registers as a subsequent step in the digital transformation of the tax sector. According to the General Department of Taxation, eight business models will be entitled to apply
Contractors for North-South Expy’s second phase to be chosen before December 25
HCMC – The North-South Expressway project’s second phase has entered the final stage of the contractor selection process, so the contractors for the first 12 bidding packages will be chosen before December 25, according to the Ministry of Transport. The bid openings for those 12 packages with a
Lao Cai border gates to be fully reopened early next month
HCMC – The Vietnam-China border gates in the northern province of Lao Cai will be fully reopened on January 1 next year, as China has eased its Covid-19 restrictions, according to a local official. Hoang Dang Khoa, chairman of the People’s Committee of Lao Cai City, was quoted by the local media
Finance Ministry proposes delaying Decree 65 until 2024
HCMC – The Ministry of Finance has released a draft decree amending Decree 65 on bond trading, proposing a one-year delay of putting the said decree into force. In its proposal, the ministry suggested that Decree 65 should take effect from January 1, 2024, as the bond market is in a liquidity
Commercial banks told to send weekly reports on interest rates
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, has written to commercial banks ordering them to report on interest rate movements on a weekly basis. The SBV said banks would have to send reports on deposit and lending rates to the Monetary Policy Department prior to 11 a.m.
PM calls for measures to stabilize volatile bond market
HCMC – Prime Minister Pham Minh Chinh has signed an official dispatch ordering the Ministry of Finance to take prompt action to stabilize the volatile corporate bond market. The market for corporate bonds, especially those issued via private placement, is in a crisis and there seems to be no way
HOSE lifts restriction on OGC stock
HCMC – The Hochiminh Stock Exchange (HOSE) will switch the OGC shares of Ocean Group Joint Stock Company from being under trading restriction to being under supervision from December 14, as the firm managed to address issues leading to the trading restriction earlier. HOSE kept the OGC stock on
Initial margin for derivatives to rise to 17%
HCMC – The Vietnam Securities Depository (VSD) has revised the cap for the initial margin for the VN30 index futures contracts to align with developments on the derivatives market. The VSD yesterday, December 12, raised the initial margin for futures contracts of the VND30 blue-chip index to 17%
HCMC plans to refund investor of suspended BOT project
HCMC – HCMC will refund VND200 billion to the build-operate-transfer (BOT) investor of Tan Ky-Tan Quy bridge for their expenses after the investment form of the project has been changed. This was mentioned in the official dispatch of the HCMC People’s Committee addressed to the municipal People’s
Tri Viet Securities chairman prosecuted over alleged market manipulation
HCMC – Pham Thanh Tung, board chairman of Tri Viet Securities Joint Stock Corporation, has been accused of manipulating the prices of two stocks, BII and TGG, on the local stock market. Ministry of Public Security (MPS) investigators pressed market manipulation charges against the 43-year-old on
Local airlines to add seats for upcoming Tet holiday
HCMC – Soaring travel demand during the upcoming Lunar New Year holiday, or Tet, has prompted local airlines to increase the number of seats between January 6 and February 5 next year. The Vietnam Airlines Group, including Vietnam Airlines, Pacific Airlines and VASCO, has announced its plan to add
