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Taxes lost from e-commerce sector during COVID-19
The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce.
New rule, portal developed for corporate bond market
The Hanoi Stock Exchange (HNX) has issued a new rule to run the corporate bond portal to publicise bond deals and give investors more news about the market.
MoIT considers single pricing model for power tariff
The Ministry of Industry and Trade (MoIT) is considering new models to calculate electricity prices, including one that would eliminate its current step pricing, which industry experts have called outdated and deeply unpopular among consumers.
Firms fail to take up tax payment postponement
The Government’s policy of a five-month extension for tax payment deadlines did not attract a large number of firms.
Banks to continually cut costs to aid COVID-19 affected firms
The State Bank of Vietnam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.
Bad debts tend to rise despite slow credit expansion
Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.
Top 10 most valuable brands worth US$8.1 billion
The top 10 most valuable brands in Vietnam 2020 are worth US$8.1 billion, increasing by 17% from last year and accounting for 30% of the list’s total value, according to Forbes Vietnam magazine.
Vietnam receives positive global exports outlook
Vietnam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.
Banks racing to catch digitisation
Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.
Construction industry issues action plan on emissions
The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement.