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
Invest money in 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?
Kinh Do earns big money in tower project stake transfer By Quoc Hung - The Saigon Times Daily HCMC - Kinh Do Corp. has finished transferring its stake in Kim Cuong Joint Stock Company, which is developing SJC Tower project in downtown HCMC, to another company and earned a hefty profit, said a top company executive. Nguyen said that the country's leading confectionery maker had transferred its paid-in capital in the project to a local investor and that the profit has been accounted into the company's first quarter profit this year. He declined to reveal the name of the purchaser. According to a plan in 2008 from Kinh Do Corp., the US$137-million SJC Tower project would include apartments, offices and department stores and will be developed by Kim Cuong Joint Stock Company. The other stakeholders in the property project are Saigon Jewelry Holding Company (SJC) and another company. The project, designed by a U.S. company, would have 45 stories and six basements at a prime downtown … [Read more...] about Kinh Do earns big money in tower project stake transfer