- The Ministry of Finance proposed to amend the Law on Value Added Tax (VAT)

The Ministry of Finance is seeking comments on the draft Law on Value Added Tax (amended) to remove inadequacies and overlaps in the value added tax legal system. The basic content of the draft is basically inherited from the current Law but has been adjusted and supplemented to be consistent with the policy content (according to Chinhphu.vn).

- Some investors want to participate in restructuring SCB Bank

In a report sent to the Government meeting on economic restructuring for the 2021-2025 period, the Ministry of Planning and Investment said that in the 2021-2023 period, the State Bank has resolutely implemented the restructuring of the credit institution system. The State Bank is studying the proposal to participate in restructuring SCB from a number of investors, to urgently submit to the Government a plan to restructure SCB according to regulations (according to Tuoi Tre).

- VinFast announced changes in leadership

On January 6, 2024, VinFast, Vietnam's leading electric vehicle manufacturer, announced a change in its leadership. Accordingly, Mr. Pham Nhat Vuong, founder and Chairman of Vingroup, VinFast's parent company, will move from the role of Chairman of VinFast's Board of Directors to take on the position of General Director of VinFast, replacing Ms. Le Thi Thu Thuy. Mr. Vuong will also take over the position of Executive Director. Ms. Thuy will move from the role of General Director of VinFast to take on the position of Chairwoman of the Board of Directors. (See more)

- After pressure, SJC gold price will drop to 65 million VND/tael?

The world gold price as well as the domestic SJC gold bar price may fluctuate strongly after a series of negative signals. The auction will cause the SJC gold price to decrease, possibly to 65 million VND/tael, but it is likely that the gold price will cool down in a few months. (See more)

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Gold prices could fall sharply if the State Bank auctions gold. (Photo: Nguyen Hue)

- Transferring money from 10 million or more, who must do biometric authentication?

According to Decision No. 2345/QD-NHNN dated December 18, 2023, from July 1, 2024, all money transfer transactions with a value of VND 10 million or more must go through a biometric authentication step for the sender. Clarifying this regulation, Mr. Pham Anh Tuan - Director of the Payment Department, State Bank of Vietnam - said that the regulation only applies to regular money transfer transactions, not to payment transactions where the recipient is the clear destination. (See more)

- Formosa compensated 400 billion, how are projects in Ha Tinh spending money?

After nearly 5 years of receiving 400 billion VND from the compensation for the Formosa environmental incident in Ha Tinh to carry out 4 projects to build and upgrade fishing logistics service facilities, only 1 project has been completed and put into operation. (See more)

- Thaco wants to invest in a bauxite mining and tourism project worth more than 100,000 billion in Lam Dong

On January 6, Lam Dong Provincial People's Committee informed that it had just received a report on the research results of the Thaco Circular Economic Complex project of Truong Hai Group Joint Stock Company (Thaco) in the locality. Thaco proposed to build a circular economic complex to exploit and process bauxite, aluminum and agriculture associated with eco-tourism, with a total capital of more than 100,000 billion VND in Lam Dong. (See more)

- More than 50 businesses with tax debts have had their invoices suspended.

In December 2023, the Ho Chi Minh City Tax Department announced a decision to enforce the suspension of invoice use and notify that invoices are no longer valid for more than 50 businesses located in the city. The period of suspension of invoice use by businesses is 1 year from the effective date of the enforcement decision (according to Nguoi Lao Dong).

- Tet flight tickets: Abundant 'golden' flight routes, but still expensive even when the rooster crows at midnight

The tension of Tet flight tickets is falling on the routes from Ho Chi Minh City and Hanoi to some localities when some routes are completely sold out, some routes are up to 90% full. However, some routes still have many seats but tickets are still expensive, even when traveling at "midnight". (See more)

- Easy Tour app investors "sit on fire", worried about losing tens of billions of dong

Many investors were "sitting on fire" when they loaded hundreds of millions to billions of dong into the app of Vietnam Easy Tour Travel Company Limited (Easy Tour), but the app suddenly crashed and the website could not be accessed. Easy Tour was established in January 2023. According to the business registration, the main registered business is travel agency, without recording any financial investment industry group (according to Dan Tri).

- Little money, how to deposit in the bank to get high interest rate?

Although the interest rates of banks have dropped to an unprecedented low, if you know how to choose a bank and deposit term, you can still enjoy high interest rates. (See more)

- Exporting 267,000 tons of 'black gold', Vietnam becomes the largest supplier to the US

Our country exported a total of 267,000 tons of "black gold" in 2023. Accordingly, Vietnam is the largest supplier of "black gold" to the US market. (See more)

Oil prices rose on the international market today after the Fed meeting minutes showed that inflation was under control. Brent crude oil prices rose to $78/barrel, while WTI crude oil prices were at $73/barrel.

The price of gold today, January 6, 2024, on the world market remained at 2,045 USD/ounce. The price of SJC gold bars has fluctuated up and down over the past 4 days, but has remained almost unchanged at 75 million VND/tael.