Business

Võ Trí Thành * Võ Trí Thành On November 29, the National Assembly approved a Resolution to implement additional corporate income tax aligned with the Global Anti-Base Erosion Rules (global minimum tax), effective from January 1, 2024. Despite receiving a majority vote in favour (93 per cent), concerns persist about …

Property developer Novaland expects profits to fall by 90% this year to VND214 billion (US$9 million), the lowest since 2015. It targets revenues of VND9.531 trillion, a 15% decline, it said in documents it circulated ahead of its annual general meeting in late May. It does not plan to pay …

SJC gold price fell 0.07% to VND67 million ($2,853.49) per tael Thursday. Gold ring price remained stable at VND56.7 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices held steady on Thursday, supported by a pullback in the dollar, although prices moved in a tight …

A Vietcombank employee performs a transaction at its office in Vĩnh Phúc Province. Shares of the lender soared nearly 1.2 per cent on Monday, leading the market’s rallies. — VNA/VNS Photo  HÀ NỘI — The stock market finished higher on Monday, extending rallies for the second day in a row. The uptrend was buoyed …

Seven renewable power plants with a combined capacity of 430.2 megawatts have recently been linked to the national grid. They are among 46 projects that have agreed to sell power to national utility Vietnam Electricity (EVN) at a temporary price rate while the government considers an official rate. The temporary …

A view of Thị Vải LNG terminal in Bà Rịa-Vũng Tàu Province. — VNA/VNS Photo HÀ NỘI — An upcoming forum on realising the goals of LNG (liquefied natural gas) electricity development as outlined in the national power development plan for 2021-30 is slated for December 7 in the capital …

Lawmakers proposed this week that the government should use its coffers, which now include over VND1,000 trillion ($42.57 billion) in cash, to support the unemployed through these tough economic times. “We can use that money to support workers by building homes for them and helping them find new jobs,” said …

Analysts say that businesses need better access to low-interest loans in order to survive Vietnam’s ongoing economic challenges. Hai’s transportation company, formerly a major player in the south, is on the verge of bankruptcy as plunging demand has depleted its accounts, and banks and other partners have come to collect …

Vietnam’s benchmark VN-Index dropped 0.27% to 1,075.17 points Wednesday after rising for two sessions in a row. The index closed 2.88 points lower after gaining 14 points in the previous two days. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 3.69% to VND15.82 trillion ($673.33 million). The …