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VAT CUT BY 2% TO CONTINUE FROM JANUARY TO JUNE 2025
The 15th National Assembly approved an extension of the 2% value-added tax (VAT) reduction. The reduction applies to specific goods and services listed in Point a, Section 1.1, Clause 1, Article 3 of Resolution No. 43 on fiscal and monetary policies to support the Socio-Economic Recovery and Development Programme. The extended policy will be effective from January 1, 2025 to June 30, 2025.
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MEMBER CORNER / PROMOTIONS
THIS FESTIVE SEASON, THE REVERIE SAIGON INTRODUCES A SERIES OF HARLEQUIN-INSPIRED EVENTS AND A PREMIUM HAMPER COLLECTION
As the year-end holiday season approaches, The Reverie Saigon invites guests to step into the world of enchantment with a series of Harlequin-inspired Christmas and New Year events, promising to bring unforgettable experiences. This year's holiday theme explores a new aspect of Christmas - not merely cozy, heartwarming moments but also the joy and whimsy to make union experiences even more memorable and special. Inspired by the iconic Harlequin character, renowned for his colorful costumes and diamond shape in the Italian Commedia dell'arte, 'Harlequin Magical Wonderland' at The Reverie Saigon offers a unique and thrilling adventure.
VIETNAM ECONOMY INVESTMENT
CUSTOMS SECTOR ACCELERATES STATE BUDGET REVENUE
To meet the target of collecting VND375 trillion, the General Department of Vietnam Customs (GDC)directed all local customs departments to enhance collection efficiency in the final months of the year.
BANKING / FINANCE / INSURANCE / TAX
BANK CAPITAL CONTRIBUTION NEEDS INVESTIGATION TO PREVENT CROSS-OWNERSHIP
It is necessary to investigate the investment and capital contribution of individuals or economic organisations related big bosses in the banking sector to prevent cross-ownership and manipulative ownership in banks, experts said.
TECHNOLOGY
GOOGLE TO MAKE ITS DEBUT IN VIETNAM
According to the emails, starting from April next year, Google Asia-Pacific, headquartered in Singapore, will transfer its contractual rights and obligations for advertising clients in Vietnam to Google Vietnam, based in Ho Chi Minh City.
BANKING / FINANCE / INSURANCE / TAX
STOCK MARKET SURGES, VN-INDEX EDGES CLOSER TO THE 1,300-POINT MILESTONE
Liquidity surged, with average daily matched orders reaching a 20-week high. The HoSE recorded an average daily trading volume of 628 million shares, up nearly 36 per cent from the previous week, and an average daily trading value of VNĐ16.03 trillion (US$693.7 million), representing a 32 per cent increase.
PROPERTY / INDUSTRIAL ZONE
BANKS FACE DIFFICULTIES IN IMPLEMENTING NEW REGULATIONS RELATING TO LAND
In the process of drafting three laws, the Land Law 2024, Housing Law 2023 and Real Estate Business Law 2023, and the decrees and circulars relating to them, the association, along with its member organisations and experts put forward proposals about the legal changes, said Nguyễn Quốc Hùng, VNBA vice chairman and general secretary.
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