LOCAL AUTO FIRMS EXPECT EXTENSION FOR EXCISE TAX PAYMENT
The total amount of special consumption tax (SCT) or excise tax on domestically manufactured and assembled automobiles, proposed for payment extension from June, July, August and September of 2023, is estimated at VND10,400 - 11,200 billion.
IMPROVING BANKABILITY OF PPP PROJECTS IN VIETNAM
In recent years, many Public-Private Partnership (PPP) projects in transportation, energy, and other infrastructure sectors in Vietnam have failed to secure financing from commercial banks and other lenders. The lack of interest from lenders and financiers in these PPP projects has raised important questions about the bankability of projects procured under a PPP model.
CELEBRATE MOTHER’S DAY IN THE SWEET WAY
Summer is associated with trips, why not travel to Saigon city you love? It is a greeting from a fresh perspective with many attractive promotions at LOTTE HOTEL SAIGON on Mother's Day (14th May).
INTELLASIA FINANCE & BUSINESS NEWS - MAY 10, 2023
1. Demand for gold decreases in Vietnam
2. Vietnam lawmakers call for further rate cut to prop up growth
3. Corporate bond market prudently recovers
4. Cash crunch prompts fire sales at large firms
5. Taking advantage of opportunities for exports to China
----and more news
VIETNAM TENDERS DAILY- MAY 10, 2023
1. Automatic queuing system supply
2. Air Compressor Package supply
3. Hydraulic corrugated ironing machine supply
4. Exhaust expansion joint supply
5. Prestressed reinforced concrete supply
----and more news
M&A TO PICK UP IN PROPERTY MARKET
Domestic property developers are looking to sell assets and shares to deal with debts, restructure, maintain cash flow and keep operations going, according to industry experts.
INDUSTRIAL PRODUCTION INCREASES IN APRIL
The index of industrial production (IIP) in April was estimated to increase by 3.6 per cent on month and by 0.5 per cent over the same period last year, according to the General Statistics Office (GSO).
APPAREL FIRMS SCALING DOWN BUSINESS TARGETS
Many apparel, textile and spinning firms are setting 2023 business targets far below last year's figures amid gloomy market conditions and sinking orders. In the first four months of this year, textile apparel exports were hit by an economic slump and high inflation on a global scale, leading to a 19.3 per cent plunge in value on-year, falling to $9.57 billion.
