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Illustrative image (Source: VNA) Hanoi (VNA) – The General Department of Taxation under the Ministry of Finance has said it will keep a close watch on the implementation of the global minimum tax in other countries, listen to opinions of firms impacted by the tax and study guidelines of the Organisation for Economic Cooperation and Development (OECD) to propose its application in Vietnam. The application of the global minimum tax should not create adverse impacts on Vietnam’s foreign investment attraction, and should ensure the country’s tax collection right , said deputy head of the general department Dang Ngoc Minh at a press conference held by the Finance Ministry in Hanoi on March 30. The OECD ’s Pillar Two establishes a global minimum effective corporate tax rate of 15% for large multinational enterprises (MNEs), which has important implications for the use of tax incentives around the world. Deputy head of the General Department of Taxation Dang … [Read more...] about Global minimum tax application under consideration

Almaz conference centre in Vinhomes Riverside, Ha Noi. Vinhomes (VHM) topped the list of stocks pulling the VN-Index most on Friday. — VNS Photo Mai Huong The VN-Index closed at a one-month high in the first quarter’s last trading session, supported by strong buys of both domestic and foreign traders. On the Ho Chi Minh Stock Exchange, the VN-Index ended up 0.49 per cent at 1,064.64 points, extending its rally streak to nine consecutive sessions. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange increased for a second day, up 0.75 per cent to close at 207.5 points. It inched up 0.2 per cent on Thursday. Liquidity in the afternoon session grew by 57 per cent compared to the morning, totaling 723.5 million shares worth VND13 trillion (US$552 million), the highest in more than a month. According to analysts, a long gaining streak showed investors’ expectations near the closing time of the net asset value of funds, pushing up many stocks. On average, this week saw the best … [Read more...] about VN-Index inks March’s last session in blue with ninth straight gaining session

My wife got pregnant a few months after moving in and stopped working after giving birth. My son is now 16 months old. I run my own business from home. A few years ago, the business did well so I had a high monthly income, more than enough to take care of my wife and son. My wife never had to worry about money, and I also helped with household chores after work and took care of my child. He was an easy baby to care for and so we didn’t have a hard time raising him. However, beginning last year, my business went stagnant and so I only made just enough, around VND20 million ($843) a month, to pay for our living expenses. Since Lunar New Year festival ( Tet ), which fell in January, I earned only VND10 million ($421) a month despite my best efforts. The financial pressure made me anxious and I cut down on my personal expenses. I have breakfast at home, make my own coffee and avoid attending social events such as weddings or parties. When I told my wife about our financial … [Read more...] about My wife refuses to work despite family money problems