Idea floated to pay resettled families in shares, not cash (17-07-2007) Ex-Deputy Minister of Environment Dang Hung Vo spoke with Nong thon Ngay nay (Countryside Today) about a proposal to compensate families forced to relocate for public works in stocks instead of cash. What do you think about this idea to compensate people for lost land use rights in shares instead of cash? This is a very interesting and practical idea that has the support of the State. It benefits both investors and resettled people. Resettled people's lives will be more stable thanks to receiving dividends from business activities, while investors can utilise the initial capital investment. The model has been applied in places like South Korea and Taiwan and has worked very well. So, what's the controversy, if there are so many advantages? The mechanism should have been applied earlier, but it still faces difficulties. First, resettled people, especially in rural and remote areas, often want to receive compensation … [Read more...] about Idea floated to pay resettled families in shares, not cash
Invest money in shares
Pros, cons and inequalities in taxing money from shares (22-07-2008) Chairwoman of the Viet Nam Tax Consultants Association Nguyen Thi Cuc spoke with Nha Bao va Cong Luan (Journalists and Public Opinion) about imposing taxes on dividends. Under the Law on Personal Income Tax which will come into effect on January 1 2009, how much will be imposed on individuals' income from dividends? Under the law, all individuals who earned profit on shares bought on the stock market or through capital invested in enterprises will have 5 per cent personal income tax imposed on their dividends. (Share issuers will deduct 5 per cent from the dividend.) When the draft law was first presented to the National Assembly (NA), many NA members suggested that the tax on dividends be levied only on investors outside enterprises instead of company employees as the latter actually ownvery few company shares. What is your view on this? I agree with the NA members. At that time, the Viet Nam Labour General … [Read more...] about Pros, cons and inequalities in taxing money from shares
Gold: the No 1 choice Making investments in gold is now bringing fat profit to investors. In 2007, the gold price increased by 33-34%, and in the first two months of the year, the price rose by 11.3%. This means that investors who bought gold in early 2007 and sell now can get the profit of 50%, i.e. they sum of money they can get is 1.5 times higher than their initial investment capital. Stock market: risky but attractive On March 5, 2008, the VN Index was at the deepest low in the history of Vietnam's stock market, at 583.4 points, while HASTC Index was 191.38 points. Experts said that prices were low enough to buy stocks, and their advice proved to be reasonable. The VN Index and HASTC Index rose to 640.14 points and 225.55 points, respectively, on March 7, 2008. However, unlike gold investments, long-term investors are losing money. Those who bought stocks in early 2007 and selling now are suffering heavy losses. The prices of many share items have decreased by nearly 70% over the … [Read more...] about Which basket to put money in?
Talking Shop (03-07-2008) Oman invests $20m in Cat Ba tourism Oman's State General Reserve Fund (SGRF)has made a commitment to pour US$20 million into Vinaconex Investment and Tourism Joint Stock Company (Vinaconex-ITC) and become its main strategic shareholder. The company's general director Tran Ngoc Quang spoke to Viet Nam News reporter Van Nga about finding foreign investors despite the gloomy domestic market. … [Read more...] about Oman invests $20m in Cat Ba tourism
The year 2012 is believed to be one more difficult year of the national economy. Therefore, where to inject money in proves to be an inextricable question for many investors. Gold, real estate, stocks, dollars or dong deposits - all the investment channels remain open. While 2011 was a bad year for the real estate market, it was a lucky year for gold investors. The gold price jumped from 36 million dong per tael in late 2010 to 42.75 million dong per tael on December 31, 2011, a sharp increase of 16 percent. As such, long term investors, who injected money in gold, could earn at least 6.75 million dong per tael, because the gold price once climbed to 48 million dong per tael. Not only long term investors, but short term investors, also earned big money, because in 2011, there were a lot of "price waves." Especially, it happened that the gold price increased by 2-3 million dong per tael just within 2-3 days. However, since late 2011, the gold price increases have slowed down, … [Read more...] about Where to inject money in in 2012?