Wednesday , October 30 2024

Business

Business

Suspending VAT refunds will harm cassava industry

  The average export price of Việt Nam’s cassava and cassava products in 2021 was at US$409.8 per tonne, up 13.8 per cent on year. VNA/VnExpress News Photo HÀ NỘI — The Việt Nam Cassava Association has proposed the Government does not implement a recent decision on value-added tax (VAT) refunds …

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Leading food producer KIDO seeks 33 pct rise in profits

Leading food producer KIDO seeks 33 pct rise in profits

KIDO, the leading producer of cooking oil and ice cream in Vietnam, expected to reap revenues and profits of VND14 trillion ($612 million) and VND900 billion this year, up 31 percent and 33 percent, respectively. Deputy Manager Nguyen Thi Xuan Lieu said given the current highly volatile market, the company …

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HCM City needs to improve business climate: experts

  More than 100 leading experts, businesses and officials from various ministries attend a conference on economic recovery on Tuesday in HCM City.  Photo courtesy of  HCMC Press Centre HCM CITY — The southern metropolis HCM City needs to develop policy mechanisms and legal frameworks and improve its business climate, infrastructure and human …

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Suggestions for banks amid mounting bad debt

  Economic expert Nguyễn Trí Hiếu. Photo thoibaonganhang.vn  Resolution 42 on bad debt settlement, which is a pilot legal document that took effect on August 15, 2017, will expire in August this year. Meanwhile, bad debts in the banking system are expected to continue to rise steadily due to the …

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VN aims to become industrialised world exporter by 2030

  A production line of electronic components at Suntech Vietnam Technology Co Ltd. The MoIT has proposed a restructuring plan for Việt Nam’s industries with a focus on the development of supporting industries. VNA/VnExpress News Photo Danh Lam HÀ NỘI — Việt Nam has set a target of becoming an industrialised country …

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SSC warns of identity thefts

  An investor monitoring share prices via his desktop computer. Photo thanhnien.vn HÀ NỘI — State Securities Commission (SSC) is warning securities firms that several criminals have been exploiting security holes to hack into their IT systems. The SSC is concerned that the criminals have already obtained some pieces of identity …

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VN-Index ends six-session rally, blue chips slide

  PV Gas engineers operate a gas pipeline at a plant in Cà Mau. The company shares lost 2.4 per cent yesterday. —VNA/VnExpress News Photo Huy Hùng HÀ NỘI — The market witnessed a downhill slide of blue chips in the last trading minutes on Wednesday, pulling down the VN-Index …

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Vietnam hikes overtime cap until year-end

Vietnam hikes overtime cap until year-end

Vietnamese lawmakers Wednesday decided to increase the monthly overtime cap of a worker from 40 to 60 hours. All members of the National Assembly Standing Committee approved the decision, which would take affect from April 1 till the end of the year. The decision also increases the annual cap for …

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