Corporate tax rates 2015

Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks should tighten assessment controls of their corporate bonds investments – experts

Piles of VND100.000 bank notes. — EastAsia forum/VNA Photo Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam (SBV) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding VND274 trillion (US$11.7 billion) of corporate bonds, of which more than 75 per cent of them are held by ten major banks - Techcombank, MBBank, VPBank, TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10 per cent of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to … [Read more...] about Banks shouls tighten assessment controls of their corporate bonds investments – experts

HD SAISON has unveiled a preferential loan package of VND10 trillion (US$429.78 million) for workers at industrial parks across the country with the stated goal of protecting them from loan sharks. — Photo courtesy of the company HD SAISON, a subsidiary of HDBank, has earmarked a loan package of VND10 trillion (US$429.78 million) at half the market interest rate for workers at industrial parks across the country. Through this, it hopes to help the government stabilise the economy and ensure social security, and protect workers from loan sharks. Workers expressed happiness on hearing about the package. HD SAISON will lend from this package until the end of 2023 at an interest rate of 20 per cent a year compared to the normal rate of 40-50 per cent. Borrowers can roll over their loans for several years. For the sake of workers An HD SAISON spokesperson said the company was honoured to be chosen by the Government and the State Bank of Vietnam as one of two consumer finance … [Read more...] about Why do workers opt for HD SAISON’s loan package?

Electric motorbikes manufactured by Vinfast. Many UK businesses are looking into electric mobility industry in Viet Nam which is expected to grow by double digits in the next few years. — VNS Photo Mai Huong Many British investors are seeking investment opportunities in Viet Nam in the hope of cashing in on free trade agreements (FTAs) that Viet Nam has signed with the UK and other economies worldwide. The UK-Viet Nam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union by the end of 2020, which reflected the importance of Viet Nam in the UK’s trade policy. Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17 per cent last year. Data of the Foreign Investment Agency under the Ministry of Planning and Investment showed as of October 20, 2021, the UK had 439 valid projects amounting to nearly US$4 billion in registered … [Read more...] about More British investors look at Viet Nam to cash in on free trade agreements

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

FLC has not held annual shareholder meeting, disclosed an audited financial statement for 2021, or selected an auditor for this year’s version. FLC shares are subject to transaction suspension due to the corporation’s failure in addressing violations of information disclosure regulations. FLC shares are subject for transaction suspension on the stock market. File photo The Ho Chi Minh City Stock Exchange (HoSE) said trading of the FLC's share would be suspended in a document sent to the FLC group. According to HoSE, to date, FLC has not yet held annual shareholder meeting, disclosed an audited financial statement for 2021, or selected an auditor for this year’s version. As FLC shares are currently under limited transaction status (only allowed to be sold/purchased in the evening session) since June 1 due to a delay in submitting an audited financial statement, a heavier penalty would be transaction suspension. The stock market authority, however, has not … [Read more...] about FLC stocks subject to transaction suspension