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Finance ministry again moots tax on sweetened beverages

Finance ministry again moots tax on sweetened beverages

The Ministry of Finance is again considering imposing a tax on sweetened beverages eight years after failing to get other ministries’ backing for it. A “reasonable” special consumption tax on sugary drinks would help protect people’s health in line with the World Health Organization’s recommendation and international practice, it said. …

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How insurance policies become banks’ ‘golden egg’

Selling insurance products fetch banks trillions of Vietnamese dong (VND1 trillion = $42 million) in revenues each year, but with this comes dissatisfaction from customers who say they are “forced” to pay premiums to acquire loans. At the end of 2017, Vietnamese lender Sacombank and Japanese insurer Dai-ichi Life signed …

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Dollar rises to nearly 3-month high

Dollar rises to nearly 3-month high

The U.S. dollar gained over the Vietnamese dong Friday morning to an 11-week high. Vietcombank sold the dollar at VND24,000 Friday, up 0.04% from Thursday to the highest since Dec. 8. Eximbank sold the greenback at VND23,970, same as Thursday. The dollar remained stable at Techcombank at VND24,005. The State …

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