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Saturday,  02/22/2020
Tax bill hits 3.8 billion USD with write offs suggested
Tax bill hits 3.8 billion USD with write offs suggested
Hanoi (VNA) – Vietnam’s outstanding tax payments had reached 88.25 trillion VND (3.8 billion USD) as of September, up 8.2 percent from the end of 2018, Finance Minister Dinh Tien Dung said. Finance Minister Dinh Tien Dung addresses the parliament's meeting on October 22 (Photo: VNA) The figure included nearly 43 trillion VND worth of uncollectable tax, or 48.7...
Vietnam to become Asian production hub: experts
Vietnam to become Asian production hub: experts
Hanoi (VNA) – Amidst escalating US-China trade tensions, Vietnam is expected to become a major Asian destination for foreign investors thanks to its location, policies and human resources, experts have said. Illustrative image (Source: VNA) Speaking at the recent 7th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA Hanoi 2019) in Hanoi, Tee Boon Teong, General...
US cuts antidumping duties on Vietnamese tra fish fillets
US cuts antidumping duties on Vietnamese tra fish fillets
Hanoi (VNA) – The US Department of Commerce (DOC) has lowered anti-dumping duties on frozen tra fish (pangasius) fillets from Vietnam in the 15th period of review (POR15), according to the Ministry of Trade and Industry (MOIT). Production of tra fish for export at Can Tho Import Export Seafood JSC (CASEAMEX). (Photo: VNA) This is the DOC’s preliminary conclusion...
Provincial leader inspects new-style rural area building in Bac Son district
Provincial leader inspects new-style rural area building in Bac Son district
Vice Chairman of the provincial People’s Committee Nguyen Cong Truong on October 18 led a working delegation to examine the implementation of the new-style rural area building programme in Nhat Tien commune, Bac Son district. Nhat Tien commune was among five localities chosen to fulfill the new-style rural area building programme’s targets during 2016-2020. Thanks to the State’s investment...
Reference exchange rate down 1 VND at week’s beginning
Reference exchange rate down 1 VND at week’s beginning
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,153 VND per USD on October 21, down 1 VND from the last working day of previous week (October 18). The State Bank of Vietnam (SBV) sets the daily reference exchange rate at 23,153 VND per USD on October 21.(Photo: VNA) With the...
Capital from local budgets adds support to poverty alleviation
Capital from local budgets adds support to poverty alleviation
(LSO) - Aside from funding of the central budget, over the past years, the People’s Committees of Lang Son province and its district-level localities have entrusted part of their budgets to the Vietnam Bank for Social Policies (VBSP) to provide loans for poor households and other disadvantaged groups. As one of the outstanding performers in allocating part of its...
Vietnam – first choice of many industrial sectors: Forbes
Vietnam – first choice of many industrial sectors: Forbes
Hanoi (VNA) - For many industries, Vietnam has become their first choice in this manufacturing diaspora, said an article on Forbes recently. Illustrative image (Source: VNA) In his article, Warren Shoulberg noted that Vietnam has always had a heritage for handcrafted products. One of the industries in the forefront of the great Vietnam surge has been furniture. In a...
Reference exchange rate down 5 VND on October 18
Reference exchange rate down 5 VND on October 18
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on October 18, down 5 VND from the previous day (October 17). The daily reference exchange rate was set at 23,154 VND per USD on October 18 (Photo: VNA) With the current trading band of +/- 3 percent, the...
Petrol prices slightly drop after recent hike
Petrol prices slightly drop after recent hike
Hanoi (VNA) - The retail prices of petrol were reduced as from 3pm on October 16, following a hike earlier this month. Motorcyclists buy petrol at a gas station of Petrolimex (Photo: VNA) Specifically, the price of E5 RON92 was down 310 VND to 19,470 VND (0.84 USD) per litre at the highest, and that of RON95-III also...
State Treasury raises 4 trillion VND through G-bonds
State Treasury raises 4 trillion VND through G-bonds
Hanoi (VNA) - The State Treasury mobilised 4 trillion VND (172.66 million USD) through Government bond auctions on the Hanoi Stock Exchange (HNX) on October 16. Illustrative image (Source: vneconomy) Accordingly, the State Treasury offered five-year bonds valued at 500 billion VND, 10-year and 15-year bonds each valued at 1.5 trillion VND, and 20-year bonds valued at 500 billion...
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