Vietlott jackpots continuously explode; no promotions for depositors

Banks are not allowed to offer promotions to depositors.

Circular 48/2024 regulating the application of interest rates to deposits in Vietnamese Dong of organizations and individuals at credit institutions and foreign bank branches (collectively referred to as credit institutions) issued by the Governor of the State Bank of Vietnam (SBV), effective from November 20.

According to Circular 48, when receiving deposits, credit institutions are not allowed to conduct promotions in any form (in cash, interest rates and other forms) that are not in accordance with the provisions of law. (See details)

Vietlott's billion-dollar jackpot has been found again

Vietnam Computerized Lottery Company (Vietlott) informed that in the 1115th drawing of Power 6/55 lottery which took place on the evening of November 19, Vietlott determined the value of Jackpot 1 prize to be 54,820,284,600 VND (more than 54.8 billion VND). However, no lucky player has won this jackpot yet. However, Vietlott's system found 1 lottery ticket that won Jackpot 2 worth more than 5.3 billion VND.

Recently, Vieltott also continuously found winning lottery tickets for Jackpot 2 in the Power 6/55 lottery. (See details)

Automatic personal income tax refund from the beginning of 2025

It is expected that from the beginning of 2025, the tax industry will upgrade the application to support individuals in electronic tax declaration, thereby automatically supporting all tax settlement and personal income tax (PIT) refunds for taxpayers.

This application will support the creation of suggested declarations for individuals based on the tax system database compiled from income-paying organizations instead of taxpayers having to compile information themselves to declare. After that, the tax authority will upgrade the application, automatically supporting all tax settlement and personal income tax refunds for taxpayers. (See details)

Gold price skyrockets, Bitcoin hits $100,000 for first time in history

Gold prices continued to soar and return to an upward trend, while the price of Bitcoin also approached the $100,000 threshold for the first time in history due to the moves of US President-elect Donald Trump.

Bitcoin has risen sharply due to the expectation that it can be considered as gold. Meanwhile, the price of gold has risen sharply when the world is unstable and increasingly uncertain. USD, gold, and Bitcoin are considered as a safe haven when tensions and inflation in the world escalate. (See details)

Gold and Bitcoin prices both increased sharply in 2024. Photo: NIE

Ministry of Finance removes obstacles for 'thin capital' regulations, needs to be applied immediately this year

The Ministry of Finance has just sent a dossier to the Ministry of Justice for appraisal of the draft Decree amending and supplementing a number of articles of Decree No. 132/2020/ND-CP regulating tax management for enterprises with related-party transactions. Decree 132 (previously Decree 20) was issued to prevent transfer pricing, 'thin capital'... in the business activities of enterprises.

In this draft, the Ministry of Finance has amended and supplemented a number of very important regulations, resolving many difficulties. This regulation, applied from the 2024 corporate income tax period, will help businesses reduce some of the difficulties caused by the amendment of the Decree, which has been extended from 2023 to present. (See details)

Eximbank speaks out about being "inspected by the State Bank"

Recently, Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has continuously received questions from shareholders, partners, customers and press agencies regarding the article reporting that the State Bank of Vietnam is inspecting the bank's operations.

Eximbank confirmed that it has not received any decision from the State Bank to conduct an inspection of Eximbank's credit granting activities recently and that the bank "always strictly complies with the laws and regulations of the State Bank. The bank is still operating stably, safely and effectively, meeting the diverse financial needs of customers and partners." (See details)

LPBank shareholders approve proposal to move headquarters and invest in FPT

The extraordinary 2024 General Meeting of Shareholders of Loc Phat Vietnam Commercial Joint Stock Bank (LPBank) on November 16 in Ninh Binh approved the Board of Directors' proposal on the 2023 profit distribution plan, charter capital increase in 2024, capital contribution to buy FPT shares and change of head office location. However, LPBank has not announced specific information about the location and time of moving to the new headquarters.

LPBank will relocate its headquarters, buy up to 5% of FPT shares, and increase its charter capital to nearly VND30,000 billion through 2023 stock dividends. (See details)

Submit to the National Assembly a plan to increase taxes on alcohol, beer, and cigarettes

The Government proposes to maintain the 75% tax rate on tobacco for the time being but to add an absolute tax rate (100%) according to the roadmap. For alcohol and beer, the tax rate is proposed to be a percentage rate, increasing according to the roadmap each year. (See details)

On the morning of November 22, the National Assembly discussed in groups the draft Law on Special Consumption Tax (amended). Many National Assembly deputies expressed their opinions on the issue of increasing tax on alcohol and beer.

Delegate Tran Hoang Ngan (HCMC) proposed a roadmap for increasing tax on beer, avoiding "shocks" to ensure budget revenue, not greatly affecting workers, and giving businesses time to restructure their operations. (See details)

'Female General' Nguyen Thi Mai Thanh leaves the chairperson position to take on a new assignment

Refrigeration Electrical Engineering Corporation (REE) has just announced that Ms. Nguyen Thi Mai Thanh will no longer hold the position of Chairwoman of the Board of Directors from November 22. Replacing Ms. Thanh in this position is Mr. Alain Xavier Cany, Vice Chairwoman of the Board of Directors.

Ms. Nguyen Thi Mai Thanh was appointed as General Director, replacing Mr. Nguyen Minh Quang. As the person who steered the REE “ship” from the very beginning until it became a famous corporation as it is today, Ms. Thanh is known to many people. (See details)

The reason why the wife of the late DIG chairman Nguyen Thien Tuan has not received all the inherited shares

According to information from the Construction Development Investment Corporation (DIC Corp, code DIG), Ms. Le Thi Ha Thanh, mother of Mr. Nguyen Hung Cuong, Chairman of the Board of Directors, registered to receive the transfer of 16,969 million shares from October 24 to November 22. This is the receipt of assets from the joint assets of the couple after the death of her husband - the late Chairman of DIG Nguyen Thien Tuan.

However, Ms. Thanh has only received 12.219 million shares, out of a total of 16.969 million registered units. The reason for not completing the transaction is that the transfer procedure is being carried out at the relevant agency according to regulations. (See details)

Wives and children of big bank and corporation bosses rush to buy stocks

The stock market is down, liquidity is low, and attractiveness is declining. However, recently, the wives and children of tycoons, big business and bank bosses have been racing to buy and register to buy stocks.

The phenomenon of wives and children of tycoons, big bosses and related people at businesses and banks racing to buy and register to buy stocks in the context of a gloomy stock market, not yet out of the downward trend... is not rare in the past. (See details)

Source: https://vietnamnet.vn/vietlott-no-doc-dac-lien-tuc-khong-duoc-khuyen-mai-cho-nguoi-gui-tien-2345046.html