Friday , November 22 2024

Business

Business

VinFast opens first three dealer showrooms in the Philippines

VinFast opens first three dealer showrooms in the Philippines MANILA, PHILIPPINES – Media OutReach Newswire – 16 July 2024 – VinFast has officially opened its first three dealerships in the Philippines, reaffirming its commitment to providing Filipino consumers with modern and smart electric vehicles. Ms. Nguyen Thi Minh Ngoc – …

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Banks permitted to sell investment-linked insurance products

A ban on commercial banks selling investment-linked insurance products has been lifted. A bank staff introduces insurance products to a customer. Instead of banning banks from selling investment-linked insurance products, the Government’s management agencies should focus on the inspection and supervision. Photo baochinhphu.vn HÀ NỘI — Commercial banks can continue …

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Taxing gold buyers is a tax-on-tax, say experts

Taxing gold purchases so that people ‘love’ gold less needs to be thought out, not just imposed arbitrarily, to avoid a tax on tax, say experts Customers purchase gold rings at a jewellery store. — Photo cand.com.vn HÀ NỘI — The view that it is necessary to tax gold purchases …

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Thai citizens to receive cash in $13.8B stimulus scheme

Thailand will finance a THB500 billion (US$13.8 billion) household handout scheme using the 2024 and 2025 budgets after an inter-agency committee on Monday gave its approval to the funding plan, a deputy finance minister said. The scheme, which would see about 50 million Thais receive THB10,000 ($276) each to spend …

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VinFast starts construction of new EV plant in Indonesia

Vietnamese electric vehicle (EV) maker VinFast Auto on July 15 began work on its new EV assembly plant in Subang city, West Java province of Indonesia. With an initial investment of around $200 million, the plant will have an annual capacity of 50,000 vehicles. Scheduled to commence operations in the …

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