A series of large banks used trillions of bonds for the wrong purposes.
The Government Inspectorate has just concluded an inspection of compliance with legal policies on corporate bond issuance with the issuers being the Military Commercial Joint Stock Bank (MB); Asia Commercial Joint Stock Bank (ACB); Vietnam International Commercial Joint Stock Bank (VIB) and Orient Commercial Joint Stock Bank (OCB)...
Accordingly, these banks have used thousands of billions collected from issuing corporate bonds for purposes other than those stated in the issuance plan.
Why can't the State Bank remove credit room?
According to the State Bank's report on the implementation of Resolution No. 62/2022/QH15 on questioning activities at the 3rd Session of the 15th National Assembly , it is not yet possible to completely end the assignment of credit growth targets.
The reason pointed out by the State Bank is that in the context of the burden of capital supply for the economy still mainly falling on the bank credit channel, if there are no measures to control credit growth, it will lead to the possibility of repeating the consequences as in the period before 2011, causing macroeconomic instability, increasing inflation risks, and at the same time increasing bad debt risks, threatening the safety of the banking system.
'Black market' USD exchange rate fluctuates, State Bank has new move
On October 24, the State Bank of Vietnam (SBV) sent a document to the Ministry of Public Security, the Ministry of Industry and Trade, and the Government Inspectorate regarding coordination in managing foreign exchange market activities.
The State Bank of Vietnam requests the Ministry of Public Security, the Ministry of Industry and Trade, and the Government Inspectorate to direct their functional units to inspect, examine, supervise, and manage foreign exchange activities of organizations and individuals; promptly detect violations, especially illegal foreign currency buying and selling activities, and activities of the unofficial foreign exchange market; and strictly handle violations (if any).
Proposal for people installing rooftop solar power to notify
The Ministry of Industry and Trade proposed to amend and supplement a number of articles in Decree No. 58 to simplify the procedures for notifying the development of self-produced and self-consumed rooftop solar power sources.
According to the draft, organizations and individuals installing rooftop solar power for self-production and self-consumption without connecting to the national power system only need to send a notice to the People's Committee of the commune where the power source is installed, instead of having to apply for many types of licenses as before. This is also to facilitate organizations and individuals to carry out procedures.
Horse racing and football betting levels can be 10 times higher, up to 100 million/day
Regarding the draft Decree replacing Decree No. 06/2017 on betting business on horse racing, dog racing and international football, the Vietnam Confederation of Commerce and Industry (VCCI) has just sent comments to the Ministry of Finance based on recommendations from businesses and investors.
VCCI said that businesses proposed to consider raising the maximum betting level to 100 million VND/person/day or at least allowing businesses to apply the level of 10 million VND/day for each betting product.
Stocks fell nearly 95 points, what 'braked the brakes' on the market?
During the trading session on October 20, the Vietnamese stock market recorded an unprecedented sharp decline. At the end of the session, the VN-Index lost nearly 95 points, and the VN30 index evaporated more than 106 points.
This drop is stronger than the shock drop of nearly 88 points in early April this year when US President Donald Trump announced plans to impose reciprocal tariffs on most countries around the world.
So what has stopped the growth of the 300 billion USD floor? And what will be the upcoming prospects of the capital mobilization channel for the economy?
'Exhausted' from cash flow congestion, businesses propose automatic tax refund mechanism
VCCI has just sent a document to the Prime Minister proposing to resolve problems regarding value added tax (VAT) policy.
According to VCCI, VAT refund procedures are still complicated and pose many legal risks. Many businesses have reported that tax refunds are prolonged for many months or even rejected for reasons beyond their control. Therefore, VCCI recommends building an automatic tax refund mechanism for valid dossiers.
Enterprises related to Ms. Truong My Lan missed the payment deadline of more than 2,400 billion VND in bonds.
Owning a series of hotels on "golden land" in Ho Chi Minh City and Hanoi, the company related to Ms. Truong My Lan has just missed the payment deadline of thousands of billions of dong in bonds for this reason.
Specifically, Bong Sen Corporation (Bong Sen Corp) is one of 762 enterprises related to Van Thinh Phat Group and Ms. Truong My Lan.
Bong Sen Corp currently has a bond lot worth 4,800 billion VND with an interest rate of 15.75%/year. According to the schedule, by October 15, the company must pay the interest amount of nearly 2,426.5 billion VND. However, because the account is frozen, Bong Sen Corp cannot fulfill its obligation to pay this amount.
Water bills for many households in Thanh Hoa are up to a million a month, 10 times higher than normal.
Many households in Nam Sam Son ward (Thanh Hoa) were surprised when their water bill in October increased unusually high, up to millions of dong, many times higher than previous months.
After VietNamNet reported that the water bill in Sam Son (Thanh Hoa) increased 10 times higher than normal, the provincial Department of Construction requested an inspection to clarify the cause.
New scam trick: HCMC business households have tax payment notices sent to their homes
A business household in Ho Chi Minh City received an invitation from the tax authority. However, this is a fake document. If you do not read it carefully, you may be deceived.
Previously, the Tax Department also warned that there was a phenomenon of some subjects impersonating tax authorities to request organizations, enterprises, and business households to update information according to the 2-level local government model.
Source: https://vietnamnet.vn/lap-dien-mat-troi-mai-nha-can-thong-bao-thu-doan-lua-dao-moi-ho-kinh-doanh-2456412.html
Comment (0)