Check out the Patek Philippe watch the oil tycoon gave Mr. Le Duc Tho, worth nearly 10 billion
In the case related to Xuyen Viet Oil, Mr. Le Duc Tho, former Secretary of Ben Tre Provincial Party Committee, received a gift of a Patek Philippe watch worth more than 9.8 billion VND. Why are Patek Philippe watches so expensive?
When it comes to luxury watches, Patek Philippe is a Swiss brand that tops the list. These are extremely complicated watches that only skilled and experienced craftsmen can create. Patek Philippe watches are considered one of a kind masterpieces in the world . (See details)
In addition to the gift of a Patek Philippe watch, the Investigation Agency said that Mr. Le Duc Tho also received a bribe of more than 13 billion VND, a Mercedes Benz S450 Luxury car worth more than 6.6 billion VND...
Meanwhile, Xuyen Viet Oil has negative equity of 462 billion VND; owes the State 1,246 billion VND in environmental protection tax; owes the Price Stabilization Fund 212 billion VND... but the company's leaders still have money to bribe everywhere. (See details)
Difficulty in applying for personal income tax refund
Many people feel discouraged when spending too much time and effort on procedures to receive personal income tax (PIT) refunds. But it is a pity to give up, because this is the money that they have earned with sweat and effort.
According to current regulations, personal income tax refund dossiers must include: personal income tax refund request; personal income tax finalization declaration; personal income tax deduction documents. Therefore, once a taxpayer has income from many places, it will take a lot of time to gather enough tax deduction documents.
The Ministry of Finance pointed out a series of reasons for the delay in processing personal income tax refunds, such as: taxpayers submitting incorrect tax finalizations to tax authorities, under-declaring taxable income, incorrectly declaring dependent deduction periods, under-declaring deductible compulsory insurance premiums, etc. The fault lies with taxpayers. (See details)
2 reasons for not increasing family deduction for taxpayers
The Ministry of Finance has just sent a document responding to the petition of voters of 6 provinces (Binh Dinh, Ha Giang, Thai Nguyen, Tra Vinh, Tuyen Quang, Tay Ninh) regarding the consideration of adjusting the family deduction level for personal income taxpayers and dependents, especially after the salary increase from July 1.
According to the Ministry of Finance, the current deduction for taxpayers is higher than the common level applied by other countries. If there are 2 dependents, the 22 million VND/month level does not have to pay personal income tax after deducting insurance. (See details)
CEO of Dutch milk arrested, Dutch Lady milk brand speaks out
The Ministry of Public Security announced on August 30 that Mr. Nguyen Trung Vuong, General Director of the Netherlands Dairy Products Joint Stock Company, had been prosecuted and temporarily detained to investigate the crime of "Producing and trading in counterfeit food products".
Regarding the above incident, the Dutch Lady milk brand has spoken out. “The violating company has the common name 'Ha Lan', which has caused many people to mistake it. In fact, these are two separate companies. Notably, the Dutch Lady milk brand is liquid milk, while the Dutch Milk Joint Stock Company produces and sells fake milk in powder form,” said a representative of FrieslandCampina Vietnam. (See details)
From 2025, you will not be able to transfer money online without verifying your account.
Circular 17/2024/TT-NHNN stipulates that from January 1, 2025, bank account holders must register biometrics if they want to withdraw or transfer money online.
This is an improvement compared to the regulation requiring biometric authentication when transferring money from over 10 million VND/transaction and 20 million VND/day according to Decision 2345 of the State Bank of Vietnam, effective from July 1, 2024. (See details)
Officially reduce 50% of registration fee for domestically produced cars from September 1st
The Government has just issued Decree No. 109/2024/ND-CP stipulating the registration fee for automobiles, trailers or semi-trailers pulled by automobiles and vehicles similar to automobiles manufactured and assembled domestically.
According to this decree, from September 1 to November 30, the registration fee collection rate is equal to 50% of the collection rate prescribed in Decree No. 10/2022 of the Government regulating registration fees and current resolutions and decisions of the People's Council/People's Committee of provinces and centrally run cities on local registration fee collection rates and amendments, supplements and replacements (if any).
From December 1st onwards, the registration fee will continue to be applied as before. (See details)
Inauguration of the 500kV line circuit 3 Quang Trach - Pho Noi bringing electricity to the North
On August 29, Vietnam Electricity Group (EVN) and National Power Transmission Corporation (EVNNPT) held the inauguration ceremony of the 500 kV transmission line project, circuit 3, from Quang Trach (Quang Binh) to Pho Noi (Hung Yen).
This is a key, urgent project, of particular importance to national energy security. Therefore, the Prime Minister has strongly directed all levels, ministries, branches, and local authorities, requesting them to join hands. (See details)
After the SCB scandal, the Ministry of Finance wants to increase the fine 30 times for independent auditors.
The Ministry of Finance has proposed to raise the maximum fine from VND100 million to VND3 billion, a 30-fold increase for violations of independent auditing to be a sufficient deterrent. The statute of limitations for penalties will be 10 years, instead of 1 year.
In the Van Thinh Phat case, hundreds of billions of dong were "drained" from Saigon Commercial Joint Stock Bank (SCB), but for 10 years (2012-2022), SCB's financial reports were audited by three leading auditing companies including Ernst & Young Vietnam, Deloitte Vietnam, and KPMG Vietnam, and no signs of irregularities were detected. (See details)
![[Photo] Binh Trieu 1 Bridge has been completed, raised by 1.1m, and will open to traffic at the end of November.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/10/2/a6549e2a3b5848a1ba76a1ded6141fae)
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