Bp yearly profit

A Vietnamese man has chosen to follow the newest agricultural trend which guarantees both profit and quality, with human health always in his mind. While most villagers in Son La Province, located in northwestern Vietnam, still rely heavily on pesticides when growing vegetables and fruits, 30-year-old Vu Xuan Thanh pioneers clean agriculture practices with his organic crops. The Na San region, near Son La’s airport, is where Thanh’s orange garden is located. Customers are often invited to visit, observe, and acquaint themselves with clean agricultural practices that are becoming Thanh’s values to guarantee safety and quality of the goods he sells. Thanh’s garden of one hectare is covered with orange trees with ripe fruits hanging off of the branches that look like orange polka dots on a green background from afar. All these oranges are waiting to be reaped and sold in Hanoi’s organic grocery store chain ahead of Tet, when many kinds of fruit are in high demand. Tet is the … [Read more...] about Vietnamese man brings organic agriculture to his village

The first wave of bullishness as China began abandoning its zero-Covid policy in December lifted airline stocks and online travel agencies like Trip.com Group Ltd. But with global airlines being slow to add capacity to connect China with the U.S. and Europe and Chinese travelers preferring trips closer to home, a new set of stocks is benefiting. Thailand has re-emerged as a favorite destination for Chinese travelers, and also for investors. "We were active earlier in terms of domestic travel, lodging space and airports, where we've done quite well," said Elaine Tse, portfolio manager at Allspring Global Investments. Tse said the firm has locked in some profits from those bets. "We are optimistic on a rebound in regional and international travel and continue to get exposure through airports and airplane leasing." Shares of airports, such as Airport of Bangkok and Shanghai International Airport have underperformed the big three Chinese airlines Air China, China Eastern and … [Read more...] about China travel rebound bets turn toward airports, away from airlines

In December, the EU officially approved a directive for companies to pay a minimum tax rate of 15 per cent from 2024. Our neighbouring markets such as Malaysia, Singapore, and Hong Kong are heading towards the official application of GMT policy from 2024 or 2025. Thomas McClelland - Country tax leader Deloitte Vietnam Countries with foreign investment in Vietnam, like South Korea and Japan, will implement new tax policies or announce a draft tax reform, moving towards the application of the GMT from the fiscal year 2024. The impact of the policy on Vietnam is clear and urgent, and requires the authorities to take timely action before it is too late. Firstly, to protect tax collection, Vietnam could consider the immediate solution of implementing a qualified domestic minimum top-up tax to gain the right to collect the top-up tax rather than the tax going to another country. This mechanism can simply be understood as a domestic mechanism in which the calculation of … [Read more...] about Vietnam must revisit policies to develop implementation of global minimum tax

A group of solar power ventures that did not make the 2021 feed-in tariff deadline remain idle and developers want fresh solutions Nearly 40 renewable power investors last week asked the prime minister to consider addressing pricing-related inadequacies in renewables development. The joint letter said that the impact of the pandemic and expiry of the country’s previous feed-in tariffs (FiTs) has resulted in 84 renewable power projects, with total capacity of some 4,600MW, falling behind schedule and failing to achieve commercial operation. Among these, 28 wind farms and six solar farms with the combined capacity of more than 2,000MW, which have cost an estimated $3.6 billion are eligible to connect to the national power grid, are still waiting for a suitable pricing mechanism. Six solar power ventures have been waiting for such a mechanism for over two years. The developers last week expressed concerns that they may go bankrupt as the government’s latest pricing band fix are … [Read more...] about Pricing structure not enough to clinch nation’s energy goals

The 15% tax on profits, which was approved by 136 countries in 2021, is considered the deepest overhaul of cross-border tax rules in decades. The purpose of the overhaul is to ensure that tech giants such as Apple and Google will not have an unfair advantage by booking their profits in low-tax countries such as Ireland. The tax applies to multinationals with total revenues of at least EUR750 million ($819 million) in two of the preceding four years. This means that a company that invests in a foreign country will have be taxed by that country by at least 15%. Vietnam, along with the United Kingdom, Japan, South Korea, and the E.U. plan to start collecting the tax next year. It is estimated that 100 multinationals will be affected by the tax, which is expected to yield an extra $220 billions in tax income globally. Nguyen Thi Thu Huyen, deputy director of publicity at Canon Vietnam, said that tax incentive is one of the key factors for the company to maintain its large-scale … [Read more...] about New global tax to diminish Vietnam’s FDI attractiveness

Workers loading products at a warehouse of Hoa Sen Group. — Photo courtesy of the company Hoa Sen Group was sanctioned for violation of tax regulations by the Tax Department of Binh Duong Province, with a total fine and tax arrears of more than VND2.8 billion (US$119,174), the company said on March 21. In a decision dated March 13 sent to Hoa Sen Group, the Tax Department of Binh Duong Province said that the steel producer has misreported revenue, expenses and other incomes for 2020-2021, leading to underpayment of corporate income tax (CIT) and VAT of VND2.08 billion to the State budget. Therefore, Hoa Sen Group is fined VND415.76 million for the violations. And besides the unpaid amount of CIT and VAT, the company also has to pay for the late payment VND317.6 million. The final payment for fine and tax arrears is VND2.81 billion. In a recent General Meeting of Shareholders 2022-2023, Le Phuoc Vu, chairman of the Board of Director of Hoa Sen Group, said that even though … [Read more...] about Hoa Sen Group fined for tax arrears

In an interview with HEC Liege University Vietnam, he said: "How will you be able to know which data is useful and reliable in the world with so much data being generated? That's very challenging." With over 100 published academic articles and papers, Dr. Chen has also guided his students in conducting various Big Data projects for companies, showcasing his commitment to both research and teaching. "As you have too much data now, and not every data will be useful, you now have to learn how to clean the data. ‘Clean’ means filtering data, improving the quality of data, and making sure the data is useful. "Once you identify data by cleaning it up and making it useful, you can process the data and generate some new data, such as a business insight to help them make decisions." He gave examples of using Big data to help a cafeteria decide what kind of food to serve customers to maximize profit. He taught students how to use Big data to help a trucking company make recommendations … [Read more...] about With surfeit of data, businesses need to separate wheat from chaff

Vietnam GameVerse hosts a chain of events for the gaming community including exhibitions, seminars, cosplay competitions, and game awards. Phu Tho Indoor Sport Stadium is home to many domestic and international eSport tournaments. Vietnam GameVerse is co-organized by the Department of Radio, Television and Electronic Information, under the Ministry of Information and Communications, VnExpress and the Vietnam Game Union. Le Quang Tu Do, Director of the Department of Radio, Television and Electronic Information at the Ministry of Information and Communications, speaks at the launch event. Photo by VnExpress/Giang Huy The event will start with Game Expo, an area for displaying game products and services. Game Expo will be open from 8:30 a.m. to 5:30 p.m. throughout the two days of the event. More than 20 partner booths will showcase at Game Expo, along with a series of sideline activities and hundreds of gifts for visitors. From 9:30 a.m. on April 1, the Game Forum … [Read more...] about Vietnam game festival to take place in April

A street in Bangkok capital of Thailand. (Photo: AP) Bangkok (VNA) - Election campaigns are forecast to generate up to 120 billion THB (3.5 billion USD) for the economy of Thailand, said the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce . The centre’s director Thanawat Polvichai said political parties are going into full gear with campaigning for votes after the election date was set for May 14 by the Election Commission. The 120 billion THB generated while campaigning will push Thailand ’s GDP up by 4% in the second quarter, he said, adding that the Thai economy is expected to grow by 3-4% this year. However, rising production costs and inflation can affect the business sector’s profits and liquidity though the economy is believed to pick up in the second half of this year, according to Thanawat./. VNA … [Read more...] about Election campaigns may create 3.5 billion USD for Thai economy

Gold ring price went up 0.09% VND55.95 million. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices slipped on Friday as the dollar edged higher, while investors assessed the U.S. central bank’s hints at a potential pause in its rate-hike trajectory, Reuters reported. Spot gold was down 0.4% at $1,986.40 per ounce after two sessions of sharp gains. U.S. gold futures also fell 0.4% to $1,988.90. Non-yielding bullion, which becomes more attractive in a low-interest-rate environment, gained 2% after the Federal Reserve signalled it might pause further rate increases after the recent collapse of two U.S. banks, and pointed to just one more rate hike this year. "However, the Fed also mentioned it would not look to cut interest rates this year," said Brian Lan, managing director at Singapore-based dealer GoldSilver Central. Lan noted some profit-taking at play, and added, "gold prices would look to consolidate, unless there’s any big news." … [Read more...] about Gold posts marginal gain