- Ministry of Finance publicly announces state budget estimates for 2024
The Ministry of Finance has issued Decision 2715/QD-BTC on the public announcement of the 2024 state budget estimate. Accordingly, the 2024 state budget estimate is specifically as follows:
Total state budget revenue is 1,700,988 billion VND, of which: domestic revenue: 1,444,413 billion VND; revenue from crude oil: 46,000 billion VND; balanced revenue from export and import activities: 204,000 billion VND; aid revenue: 6,575 billion VND. Total state budget expenditure is 2,119,428 billion VND, of which: development investment expenditure: 677,349 billion VND; debt interest payment: 111,714 billion VND; aid expenditure: 2,200 billion VND; regular expenditure: 1,175,720 billion VND; expenditure for salary reform and salary adjustment, some subsidy regimes, allowances, social security policies: 74,048 billion VND (according to Government Newspaper).
- Remittances to Ho Chi Minh City in 2023 are nearly 3 times higher than foreign investment capital.
In 2023, remittances to Ho Chi Minh City will reach about 9 billion USD, an increase of more than 35% over the same period in 2022, while attracting foreign direct investment (FDI) will reach 3.4 billion USD. The information was stated by Vice Chairman of Ho Chi Minh City People's Committee Vo Van Hoan at the plenary session on economic diplomacy of the 32nd Diplomatic Conference held in Hanoi on the morning of December 21 (according to Tuoi Tre).
- Prohibit securities companies from mobilizing capital from investors
The State Securities Commission has just sent a document requesting securities companies to rectify their operations after an inspection. Securities companies are not allowed to pay interest on the balance in securities accounts because it is similar to the capital mobilization function of banks (according to Thanh Nien).
- Global minimum tax from fiscal year 2024
The National Assembly has passed Resolution No. 107/2023/QH15 on the application of additional corporate income tax under the provisions on preventing global tax base erosion (also known as global minimum tax). The Resolution clearly states that the global minimum taxpayer is a constituent unit of a multinational corporation with revenue in the consolidated financial statements of the ultimate parent company for at least 2 years in the 4 consecutive years preceding the fiscal year equivalent to 750 million euros or more (according to the Government Newspaper).
- Fierce race in the 'global market', Vietnam's pangasius market share declines
Reaching out to the world, Vietnam’s billion-dollar catfish always dominates the “global market” in terms of output and export. However, the increasingly fierce race is causing our country’s market share of this billion-dollar catfish to gradually decline. (See more)
- Focus on real estate to grow the economy?
Some say that it is necessary to restore confidence and boost the real estate market. This is the key to supporting economic stability and growth. However, pumping money to revive the economy is not easy while the bond market is still quite quiet. (See more)
- Airlines fear sharp decline in domestic passengers next year
The Civil Aviation Authority of Vietnam expects the number of domestic air passengers in 2024 to be 38.5 million, down 10.5% from this year. In contrast, international passenger traffic will increase sharply. (See more)
- From the arrest of Mr. Le Duy Minh: Tax money people pay when buying gasoline is being misappropriated
Gasoline selling businesses only "collect" the environmental protection tax on gasoline to pay into the budget. But many businesses, after collecting, delay in keeping and not paying this tax to the budget. (See more)
- Another stock on HoSE floor has its margin cut
The Ho Chi Minh City Stock Exchange (HoSE) announced that VNL shares of Vinalink Logistics JSC were put on the list of stocks that are not eligible for margin trading (margin cut). The reason is that this company violated tax laws according to the conclusion of the tax authority. As of December 20, HoSE had 87 stocks with margin cut, including familiar stocks such as QCG, NVL, POM, ITA... (according to Nguoi Lao Dong).
- The privileges of 'money queen' Cao Thi Ngoc Dung and the breakthrough of the gold company
Ms. Cao Thi Ngoc Dung, Chairwoman of Phu Nhuan Jewelry PNJ, enjoys privileges in her leadership position at one of the fastest growing enterprises in Vietnam. (See more)
- Spending billions of dollars on buying 'foreign' meat, the amount of by-products increases dramatically
In 11 months, our country spent 2.58 billion USD importing livestock products. Of which, imports of pig, cow, and buffalo by-products increased dramatically. (See more)
The stock market on December 21 recorded the VN-Index increasing by 1.67 points, to 1,102.43 points. In the context of the stock market continuing to be gloomy, there are 2 stocks that attract special attention, which are the "queen" of jewelry PNJ and HAG stock of Bau Duc.
The central exchange rate on December 21 was 23,920 VND/USD, down 18 VND compared to the previous session. The USD price at commercial banks today decreased slightly, closing the session listed at 24,130-24,500 VND/USD (buy - sell). The world USD price went down.
Today's world oil prices reversed downward after increasing in the previous 3 sessions, losing the 80 USD/barrel mark. Domestic oil prices are being managed by the Ministry of Industry and Trade - Ministry of Finance in a strong upward direction, in which RON95 gasoline increased the most after 5 consecutive decreases.
On December 21, domestic gold price SJC gold increased by 200,000 VND/tael in both directions in the late afternoon, regaining the peak of 75.8 million VND/tael set on December 19. World gold price decreased slightly.
Today's bank interest rates recorded ACB Bank reducing deposit interest rates. However, customers can still consider deposit levels to get the most benefit when saving.
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