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EXPERTS WARN ABOUT PARTICIPATION OF REAL ESTATE COMPANIES IN BANKS
According to the experts, the participation of real estate companies in banks can adversely influence these banks’ lending practices. Leaders of real estate companies, who are also ultimate owners of certain banks, can channel more loans to their real estate projects, online newspaper bnews.vn reported.
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MONETARY POLICIES AID SOCIO-ECONOMIC RECOVERY AND DEVELOPMENT
Resolution on fiscal and monetary policies supporting the socio-economic recovery and development programe was ratified at the 15th National Asembly's first extraordinary session (January 4-11, 2022).
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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.
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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.
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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.
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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.
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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.
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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.