TAX FILING EXTENSION A MODICUM OF RELIEF
While welcoming the government’s new supporting policy, foreign-invested enterprises in Vietnam are seeking more assistance to survive the COVID-19 storm and spur recovery.
LEGAL FRAMEWORK NEEDED TO MANAGE VIRTUAL FINANCIAL INVESTMENT PLATFORMS
Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.
CREDIT INSTITUTIONS ASKED TO TIGHTEN LOANS IN “OVERHEATING” SECTORS: SBV
The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.
FOREIGN INVESTORS WILL SOON RETURN TO VIETNAM'S STOCK MARKET: HSBC
Vietnam’s stock market is expected to continue to grow, helped by strong economic growth and increasing local liquidity. The positive outlook will attract foreign investors back to the market, according to HSBC.
BANKS DOMINATE VIETNAM’S PROFIT MAKERS LIST
Seven banks are in the list of Top 10 most profitable listed companies in Q1, recording increases in pre-tax profits.
Topping the list are two stated-owned lenders Vietcombank and VietinBank. The former recorded VND8.6 trillion ($373.9 million) in pre-tax profits, up 65 percent year-on-year, while the latter posted VND8 trillion, up 171 percent.
SOUTHERN STOCK MARKET POSTS HIGH TRANSACTION VALUE IN APRIL
Liquidity of the southern stock market in April stood at the highest level from the outset of the year, with more than 14.51 billion stocks traded at a value of over 366.94 trillion VND, according to the Ho Chi Minh Stock Exchange (HOSE).
GOV’T PROMULGATES THIRD DECREE ON EXTENSION OF DEADLINES FOR TAX PAYMENT
The Government has issued Decree No. 52/2021/ND-CP proving extension of time limits for payment of value-added tax, corporate income tax, personal income tax, and land rent fees to support businesses and people suffering from the COVID-19 pandemic.
OPTIMISTIC MOTIVATION FOR STOCK MARKET
Macro-economic stability, over 80% of listed companies in 2020 being profitable, good containment of Covid-19 pandemic and the introduction of many new policies will further motivate Vietnam's stock market to grow stronger in the coming time.
