By 2021, Thien Long Group has made this list eight consecutive times. Vietnam’s 50 Best-performing Companies (TOP50) is an annual ranking to affirm the value of Vietnamese corporations. This year, the ranking process took counsel from many economists and business experts from Harvard Business School to seek and honor outstanding companies on Vietnam’s stock exchange. Lam Van Hai, standing deputy general director of Commercial Division of Thien Long Group, poses with "Vietnam’s 50 Best-performing Companies" award. Photo by Thien Long Group To boost the TOP50, experts evaluate the business results of companies for three consecutive fiscal years, based on three growth indicators: revenue, return on equity (ROE) and earnings per share (EPS). The measurement results aim to objectively assess the corporate governance capacity of the enterprise. During its 40 years of establishment and development, Thien Long Group has risen to become one of the Asia's leading stationery … [Read more...] about Thien Long named among Vietnam’s 50 best-performing companies
Economists
Fees and charges make up growing shares in Vietnam state budget revenue
Such increases have created a burden on the citizens, while multinationals are taking advantage of Vietnam’s incentive policies to avoid taxes. While the total tax revenue substantially decreased during 2009-2011, the proportion of fees and charges in the total state budget revenue tended to grow again during 2012-2019, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR). In the last three years, revenues gained from fees and charges increased robustly, with the average growth rate reaching 21% per annum, stated VEPR in its latest annual economic report. Such increases have added a burden on the citizens, the report added. Additionally, revenues gained from non-refundable ODA only represented 1.15% of non-tax revenue in 2019. This shows that Vietnam’s current budget revenue closely depends on indirect tax, especially value-added tax, VEPR stated, warning this tax is highly regressive. In terms of tax … [Read more...] about Fees and charges make up growing shares in Vietnam state budget revenue