- Tolls on 4 expressways will increase from February 1, 2024
From February 1, 4 expressways managed and operated by Vietnam Expressway Corporation (VEC) will officially increase service fees. Accordingly, the three routes Cau Gie - Ninh Binh, Noi Bai - Lao Cai, Da Nang - Quang Ngai will increase by an average of 12% compared to the current road service fees. In particular, the Ho Chi Minh City - Long Thanh - Dau Giay expressway will increase by 5%. (See more)
- An Giang mangoes are exported to Australia and the US for the first time.
Cho Moi Islet District, An Giang Province has developed more than 700 hectares of green-skinned elephant mangoes according to VietGAP standards and has the first export shipment to the Australian and American markets. This is a batch of mangoes that has been granted a growing area code, this time the Australian market imported 6 tons and the US 1 ton (according to Tuoi Tre).
- Warning of fraud in collecting fees for export code certificates to China
The leader of the Vietnam SPS Office - Ministry of Agriculture and Rural Development affirmed that the fact that some Chinese customers require Vietnamese businesses to pay a fee of 100-1,000 USD to register for an export code certificate to this market is a sign of fraud. The General Department of Customs of China does not require this type of document and does not charge a fee (according to Tien Phong).
- Seeking opinions to build a new decree on petroleum business
The Ministry of Industry and Trade has just issued a document requesting the Departments of Industry and Trade of provinces and cities to contribute their opinions and develop a new decree on petroleum trading. The opinions should be sent to the Ministry of Industry and Trade before January 12 (according to Dan Tri).
- Vietnam is in the high growth group, with an economic scale of 430 billion USD.
According to the Government's report, the economic growth in 2023 will be higher in the following quarter than the previous quarter, and the whole year will increase by 5.05%. Vietnam is among the high growth groups in the region and the world, raising the size of the economy to 430 billion USD. (See more)
- Remove 2 exclusive provisions, request licenses for 3 enterprises to import raw gold
Abolishing the monopoly on gold imports and the monopoly on the national gold brand SJC will solve the problem of the large difference in SJC gold price compared to the world gold price. Experts have proposed this many times, is the State Bank of Vietnam slow to react? (See more)
- The State Bank will 'pump' 2 million billion into the economy in 2024
Speaking to the press at the Government press conference on the afternoon of January 5, Deputy Governor of the State Bank Dao Minh Tu said that with the target of 15% credit growth, if calculated on the basis of money volume, the current outstanding debt is about 13.56 million billion VND; by 2024, nearly 2 million billion VND will be put into the economy (according to Thanh Nien).
- Strictly punish securities companies that violate corporate bond offerings.
The State Securities Commission continues to issue a document reminding securities companies in their consulting and soliciting activities for corporate bonds. Accordingly, securities companies, employees, and securities practitioners are not allowed to provide consulting, soliciting, or selling individual corporate bonds to subjects that do not comply with regulations... Violations will be strictly handled according to regulations (according to Thanh Nien).
- Quang Ngai: The highest Lunar New Year bonus in 2024 is 156 million VND
On January 5, the leader of the Department of Labor, Invalids and Social Affairs of Quang Ngai province said that many enterprises in the province have announced the 2024 Lunar New Year bonus. The highest 2024 Lunar New Year bonus belongs to a foreign-invested enterprise with 156 million VND/person (according to VTC News).
- Ho Chi Minh City officially 'tightens' management of sidewalks and roads
In an urgent document recently sent, the Ho Chi Minh City Department of Transport requested the People's Committee of Thu Duc City and the People's Committees of districts to focus on directing and implementing the management of roads and sidewalks in their management areas in accordance with the issued regulations, to establish traffic safety and order, civilization, urban beauty and create consensus among the people. After the locality surveys, there will be routes that are allowed to park vehicles for free, but there will also be areas where individuals or organizations want to park their vehicles, they must rent them (according to Thanh Nien).
- Former Deputy Minister Hoang Quoc Vuong was arrested: Former chairman of 2 large corporations
During his work, Mr. Hoang Quoc Vuong often alternated between the roles of a management agency and a business leader. Mr. Vuong used to hold the position of Chairman of the Board of Directors of Vietnam Electricity Group (EVN) and Chairman of Vietnam Oil and Gas Group (PVN). (See more)
- Record low interest rates, strong hand over credit: Bank stocks 'surging'
Banking stocks continue to rise after positive signals about monetary policy. Strong credit allocation and low interest rates could make credit institutions have a vibrant year in 2024. (See more)
- Western oil 'tycoon' forced to pay tax of more than 1,100 billion VND
Due to overdue tax debt, Nam Song Hau Petroleum Investment and Trading Joint Stock Company was forced to pay over 1,100 billion VND in taxes. The reason for the enforcement was because this company had overdue tax debt of over 90 days. (See more)
- Oil and gas tycoon: Huge tax debt, still lending 'big boss' thousands of billions for spending
Despite still owing the budget environmental protection tax, the petroleum giant Thien Minh Duc still lent Mr. Chu Dang Khoa and Ms. Chu Thi Thanh VND 7,485 billion for personal use. (See more)
Today, January 5, the price of gasoline and oil on the international market continues to increase due to concerns about supply disruptions. Brent crude oil price is trading at 77 USD/barrel, WTI crude oil price is at 72 USD/barrel.
Gold prices on the international market today increased slightly again after the US Department of Labor announced a decrease in unemployment benefit applications. SJC gold is anchored at 75 million VND/tael, holding its breath waiting for new moves from the management agency.
The stock market on January 5 recorded the VN-Index increasing by 3.96 points to 1,154.68 points. This is the 6th consecutive increase of this index. The matched liquidity was at an average level, reaching 15,395 billion VND.
The central exchange rate on January 5 was 23,932 VND/USD, up 17 VND compared to the previous session. The USD price at commercial banks on January 5 fluctuated little, listed at the end of the session at 24,160 VND/USD (buy) and 24,530 VND/USD (sell). The international USD price increased.
No bank has adjusted the bank interest rate on January 5, 2024. After the first 3 working days of 2024, 8 banks adjusted their deposit interest rates.
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