Morning news 1-10: Selling debt of company of Tan Hoang Minh chairman's son

Tin tức sáng 1-10: Rao bán nợ công ty con trai chủ tịch Tân Hoàng Minh - Ảnh 1. — Pensioners wait to receive their salaries at a payment point in Hai Ba Trung district, Hanoi - Photo: HA QUAN

The salary increase coefficient is decided by the locality.

The Ministry of Labor, War Invalids and Social Affairs has just responded to Thai Nguyen voters about the salary increase coefficient.

Tin tức sáng 1-10: - Ảnh 2. — GOLD PRICE UPDATE

The Ministry said that Circular 17/2019 of the Ministry stated that the salary of direct producers is based on labor cost multiplied by salary coefficient, position and job allowance multiplied by base salary and salary increase adjustment coefficient.

In which, the salary increase coefficient is determined by region, not exceeding 1.2 (region I); 0.9 (region II), 0.7 (region III) and not exceeding 0.5 (region IV).

The coefficient is decided by ministries, branches, and provincial People's Committees depending on the salary level and budget capacity. In case of changing the minimum wage zone from region III to region II, the maximum salary increase coefficient is decided by the provincial People's Committee.

The Ministry noted that this coefficient applies nationwide, without distinction, but businesses in different regions such as Hanoi, Ho Chi Minh City, Bac Giang , Bac Ninh, Hoa Binh or Lai Chau have differences due to living expenses and market wages.

VIX Securities Chairman Dismissed

VIX Securities Joint Stock Company has just announced the resolution of the Board of Directors on the dismissal of Mr. Thai Hoang Long.

Tin tức sáng 1-10: Rao bán nợ công ty con trai chủ tịch Tân Hoàng Minh - Ảnh 3. — Illustration photo

Accordingly, Mr. Long will withdraw from the position of Chairman of the Board of Directors according to his resignation letter for personal reasons. The dismissal of Mr. Long from the position of member of the Board of Directors will be approved at the nearest general meeting of shareholders.

After Mr. Long retired, the Board of Directors of VIX Securities also assigned Mr. Nguyen Tuan Dung, a member of the Board of Directors, to take charge of the Board of Directors from September 27.

Previously, Mr. Long was appointed as Chairman of VIX from April 2023 to replace Mr. Nguyen Tuan Dung. At that time, Mr. Dung was also in charge of the Board of Directors.

Mr. Long has many years of experience in the field of finance and securities. He was the general director of Nhat Viet Securities Joint Stock Company, deputy general director of VietinBank Securities, and then deputy general director of VIX Securities.

HSBC forecasts Vietnam's inflation at only 3.6%

News from HSBC's global research department has just released an update report on the Asian economy, including Vietnam.

According to HSBC, Vietnam’s economic recovery continues to strengthen. The PMI has recorded five consecutive months in expansion territory, while the industrial production index (IP) has also recorded a recovery in activities in the textile and footwear industries.

Tin tức sáng 1-10: - Ảnh 4. — Gasoline prices are expected to fluctuate until the end of the year. In the photo: customers filling up gas in Ho Chi Minh City - Photo: Q. DINH

However, HSBC experts found that the domestic sector is recovering more slowly than initially expected, with retail growth still lower than the pre-pandemic trend.

In return, the Government has taken many measures to support a series of domestic economic sectors, thereby creating expectations that confidence will be restored over time.

Despite the temporary economic damage caused by Typhoon Yagi, HSBC still maintains its GDP growth forecast for both 2024 and 2025 at 6.5%.

Regarding inflation, price developments are trending more favorably in the second half of the year as the base effect is unfavorable due to declining energy, the HSBC report stated.

An expected Fed easing cycle would also help ease some of the pressure on exchange rates. Based on a number of factors, HSBC maintains its 2024 inflation forecast at 3.6%, well below the State Bank of Vietnam’s target ceiling of 4.5%.

Selling debt of company of son of Tan Hoang Minh chairman

Agribank has just announced the auction of the debt of Thanh Dat Vietnam Construction Investment Joint Stock Company with a starting price of 19.6 billion VND. The auction will be held on October 11.

Tin tức sáng 1-10: Rao bán nợ công ty con trai chủ tịch Tân Hoàng Minh - Ảnh 8. — Illustration photo

It is known that Thanh Dat Vietnam Construction Investment is a company whose legal representative is Mr. Do Hoang Viet. Mr. Viet is the son of Mr. Do Anh Dung - Chairman of Tan Hoang Minh Group.

On the same day, October 11, this bank will auction the debt of Hoang Hai Phu Quoc Housing Development Investment Joint Stock Company. The starting price is 252.56 billion VND.

Hoang Hai Phu Quoc is also a company with Mr. Do Hoang Viet as the legal representative. This company is the investor of the Hoang Hai complex tourist area project - Hoang Hai Complex in Phu Quoc.

On real estate trading websites, Hoang Hai Complex Phu Quoc is introduced as a complex including resort hotels, shophouses and commercial services with a total area of ^123,776m2 .