TAXATION AND CREDIT RESTRICTIONS TO COMBAT REAL ESTATE SPECULATION
More initiatives from the government to develop the real estate industry, particularly taxation and credit limitation, are believed to lay a foundation for curbing land speculation, maximising residential properties and creating a set of diversified financing options.
REMITTANCES TO HCM CITY REACH RECORD $7B IN 2021
HCM City received a record US$7.1 billion worth of remittances last year, a 16 per cent increase from 2020 and accounting for more than half of the country’s total remittances, according to the State Bank of Việt Nam.
INCREASING TAX EVASION IN E-COMMERCE
The COVID-19 pandemic has sparked a boom in e-commerce in Việt Nam since consumers shift their spending habits towards online platforms. However, as online sales continue to grow, so does tax evasion.
STOCK MARKET EXPECTED TO GROW STRONGLY AFTER TẾT: EXPERTS
Ahead of the 2022 Lunar New Year, the stock market saw a strong correction, with hundreds of stocks closing at lower levels. However, this is expected to be a short-term trend.
BANK DEPOSIT GROWTH OF INDIVIDUAL CUSTOMERS SLOWED IN 2021
According to the latest data from the State Bank of Vietnam (SBV), deposits of individual customers at banks by the end of November last year increased by just 2.63 per cent, the lowest growth rate in many years.
GOV’T PROPOSES US$2.81 BILLION TAX REDUCTION-EXEMPTION PACKAGE FOR 2022
This is part of the Government’s fiscal and monetary measures submitted by Minister of Planning and Investment Nguyen Chi Dung to the National Assembly on Tuesday, with an aim to facilitate post-pandemic recovery and socio-economic development in 2022 and 2023.
FOREIGN OWNERSHIP REGULATION HINDERS BANKS FROM FINDING STRATEGIC SHAREHOLDERS
Many banks expect the participation of foreign strategic shareholders will help them increase capital and improve governance capacity and competitiveness, but the current regulations on foreign ownership ratio are making it difficult, according to experts.
SECURITIES FIRMS RACE IN MARGIN LENDING
To meet the market demand, securities firms have continuously raised capital, extending room for margin lending. This not only helps securities companies keep and attract investors, but also increases revenue and profit for the business. However, margin lending will cause great risks for investors when the market goes down.