Business

Taxpayers at Hà Nội Taxation Department. — Photo nhandan.com.vn HÀ NỘI — The total tax debt under the management of tax authorities is estimated at VNĐ104 trillion (US$4.5 billion) as of December 31 last year, a year-on-year increase of 9.3 per cent. The General Department of Taxation reported that it …

The stimulus package of VND350 trillion ($15.4 billion) is timely and well planned but how it is executed will determine the pace of recovery, experts say. “Many of the measures in the support program are well chosen to help support recovery of private investment and consumption,” Dorsati Madani, senior economist, …

  Containers at Hải Phòng Port in northern Việt Nam. — VNA/VnExpress News Photo HÀ NỘI — Logistics costs will continue to skyrocket as demand soars while supply will remain limited at least until the end of this year, said industry experts and businesses.  Demand is to climb due to increased stockpiling while …

  An FLC real estate project in Quy Nhơn City, Bình Định Province. VNA/VnExpress News Photo   Compiled by Mai Hương Recent property firm scandals have shaken the stock market, blowing tens of trillions of Vietnamese đồng and making investors feel the pain of loss when the market was in …

  A worker works on a VNPOLY’s production line. As Đình Vũ polyester plant has begun to pick up steam, it doesn’t need stakeholders financial support any longer. Photo tienphong.vn HÀ NỘI — Thanks to a scheme for State-owned enterprise (SOEs) restructuring during 2016-2020, many unprofitable plants have been reinvigorated, according to reports. Việt …

  Securities companies report record profits on the back of impressive growth by the stock market. — Photo courtesy of VCSC HCM CITY — Securities companies reported huge revenues and profits last year on the back of impressive growth by the stock market. SSI Securities Corporation achieved revenues and pre-tax profits …

While HCMC apartment prices rose 10-15 percent year-on-year, 2021 sales dropped to the lowest level since 2015. According to a report by real estate services provider DKRA Vietnam on the housing market in 2021, a total of 10,749 apartments were sold in the city, compared with 15,200 units in 2020, …

An investor watches the market’s movements on his mobile phone. Photo baocongthuong.vn HÀ NỘI — Many securities companies recommend investors cautiously disburse capital investments as the market has not been bullish, but some still believe that before the Tết holiday may be an opportunity to increase stock proportions in their portfolios. …

  ABBANK fulfills all targets last year. — Photo courtesy of the bank HCM CITY — An Bình Commercial Joint Stock Bank has announced its 2021 results, saying it fulfilled all targets. Its pre-tax profits were worth VNĐ1.97 trillion (US$86.72 million), loans outstanding increased by 13.2 per cent to VNĐ78.64 trillion, and …

Many hydropower plants made bigger year-on-year profits in 2021, while that of coal and gas-fired power plants decreased or remained flat. Electricity consumption rose by just four percent last year due to the impact of Covid-19 outbreaks, while more renewable energy projects became operational. The combined operational capacity of renewable …