State news headlines

Hanoi (VNA) – The National Assembly on June 19 passed a resolution on reducing corporate income tax in 2020 for enterprises, cooperatives, public non-production agencies and other organisations, with 91.1 percent of votes.   The resolution has three articles, and will enter into force 45 days after the day it is signed. The reduction will be applied to enterprises with revenues not above 200 billion VND (around 85,850 USD) in the assessment period in 2020. Before the voting, a report on the final amendment to the draft resolution presented by the Chairman of the NA’s Financial-Budgetary Committee Nguyen Duc Hai showed that the tax reduction under the resolution would result in a decrease of 23 trillion VND (nearly 1 billion USD) in State budget revenues in 2020. Hai said if the economy continues to experience difficulties to the end of the year or the beginning of next year, the NA Standing Committee will ask the resolution drafting board to study and propose to … [Read more...] about Legislature adopts resolution on reducing corporate income tax

Locals are ready to go home after completing the mandatory quarantine period. Vietnam reported no new Covid-19 cases this morning, July 8, while three more patients have fully recovered from the virus – PHOTO: VNA HCMC – Vietnam reported no new Covid-19 cases this morning, July 8, while three more patients have fully recovered from the virus, according to the national steering committee for Covid-19 infection prevention and control. … [Read more...] about Three more patients recover from Covid-19

The State Bank of Vietnam (SBV) reported that as of June 16, credit had increased by 2.13 percent, just half of the figure for the same period last year. Among the big four state-owned banks, Vietcombank is the only bank with positive growth rate (+ 3 percent). The State Bank of Vietnam (SBV) reported that as of June 16, credit had increased by 2.13 percent, just half of the figure for the same period last year. Among the big four state-owned banks, Vietcombank is the only bank with positive growth rate (+ 3 percent). … [Read more...] about Local banks warn they may become ‘hostage’ of businesses

"While the costs of undernutrition and overweight/obesity to societies and governments are well explored, the costs and risks to companies created by malnutrition in the workforce and the wider community have remained under the radar," said lead researchers Laura Wellesley, a senior research fellow at Chatham House. … [Read more...] about Malnutrition in poorer nations costs firms up to $850 bln: study

Hanoi (VNA) – Domestic gold prices kept soaring this morning to pass the historic high on July 6, reaching 50.32 million VND (2,172 USD) per tael (1.2 ounces). The prices of the yellow metal went up in the global market. On July 7, Saigon Gold and Jewelry Company listed each tael of SJC gold at 49.87 million VND – 50.32 million VND (buying – selling), adding 300,000 VND for buying and 370,000 VND for the selling side from a day before when the prices reached the highest level ever in the local market. On the same day, Phu Quy Group rated the yellow metal at 49.99 million VND – 50.13 million VND (buying – selling) while Doji Group listed theirs at 49.98 million VND – 50.20 million VND (buying – selling). Those prices were up between 250,000 VND to 350,000 VND from July 6. Bao Tin Minh Chau in Hanoi increased rates by 220,000 VND per tael to 49.98 million VND and 50.35 million VND (buying – selling) compared to the rates on July 6. … [Read more...] about Domestic gold prices hit new record high