Imports-exports contribute $2.37 billion to State budget in Jan-Feb State budget collection from import-export activities reached 54.76 trillion VND (2.37 billion USD) in the first two months, or 17.38 percent of the estimate and a year-on-year rise of 7.53 percent, according to the General Department of Vietnam Customs. In February alone, the collection was 23.66 trillion VND. As Tet (Lunar New Year) holidays fell in the month, the customs department worked together with relevant agencies to combat smuggling and trade frauds while increasing inspections. The customs force detected 967 cases in total from January 16 to February 15, seizing goods of 258.67 billion VND and contributing 8.6 billion VND to the State budget. State budget collection was estimated at 220.5 trillion VND in total in the first two months of 2021, equivalent to 16.4 percent of the year’s estimate./. Risky to invest in forex trading plaforms: Deputy Governor Forex trading via investment platforms had not been licensed in Viet Nam, posing significant risks to investors, Deputy Governor of the State Bank of Viet Nam Dao Minh Tu warned. Tu said at the Government’s meeting on Tuesday in Ha Noi that the operation of forex trading platforms was currently illegal, adding that the trading of foreign currencies and derivatives must be provided by credit institutions and commercial banks licensed by the State Bank of Viet Nam. Until now, no forex trading platforms had been licensed for trading, he stressed, warning about risks when investing via these platforms. Recently, some organisations like Lion Group called for investments in forex through Fx Trading Markets with attractive interest rates of up to 300 per cent per year and commissions. Lion Group attracted around 40,000 investors nationwide. Tu urged people to be cautious with these appealing calls, adding that there were signs of in-transparencies and frauds. “The skyrocketing profits in the current situation …
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Getting rich quickly, Ninh Binh businessman about to become dollar billionaire
Nguyen Duc Thuy, or Boss Thuy, has stock assets worth VND17.3 trillion. However, his real assets are believed to be higher. Nguyen Duc Thuy (right) The price of TDH shares of Thaiholdings increased sharply in the last few trading sessions, exceeding the VND200,000 per share threshold. Since early December 2020, its value has increased by 10 times, from VND20,000 per share to VND201,000. With 86 million TDH, Thuy now has stock assets of VND17.3 trillion. However, the figure could be higher if counting other properties. Thuy was believed to buy a large amount of LienViet Post Bank (LPB) recently. Prior to that, Thuy attended the gong beating ceremony on the day LienViet Post Bank entered the bourse, together with the bank’s key leaders. If only considering the stock assets from TDH, Thuy would be listed as the sixth richest stock billionaire, just after the billionaires listed by Forbes, namely Pham Nhat Vuong, president of Vingroup; Tran Dinh Long, president of Hoa Phat Group; Nguyen Thi Phuong Thao, CEO of Vietjet Air; Ho Hung Anh, president of Techcombank; and Nguyen Dang Quang, president of Masan. Thuy is even believed to be richer than the ‘real estate tycoon’ in the south Bui Thanh Nhon, president of Novaland, and Pham Thu Huong, the wife of Vuong. There have been some changes in the list of stock billionaires in Vietnam recently. Long of Hoa Phat Group has become the second richest billionaire, just after Vuong. Meanwhile, in Forbes ranking, Long is in the third position. The first and second positions still belong to Vuong of VIngroup and Thao of Vietjet Air. Thuy is now the chair of the board of directors of Thaigroup and the biggest shareholder of Thaiholdings. He once was on the post of Thaiholdings’ chair, but resigned in February and is now the founder of Thaigroup. Thaiholdings’ capitalization value has soared to VND70.4 trillion, or $3.5 billion. In late 2020, Thaiholdings fixed the list of shareholders and issued 296.1 …
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City urges districts to ensure fire protection at apartment buildings, public facilities
An old apartment building in HCM City’s District 4. VNA/VNS Photo Thanh Vũ HCM CITY— The HCM City People’s Committee has instructed districts to address problems and carry out measures to ensure fire prevention and safety at production establishments, apartment buildings, schools, hospitals and other buildings by October. Following the instruction, the city Police Department’s fire-fighting and rescue police division is working with agencies to check the implementation of measures in local districts. After an inspection on Monday, Colonel Huỳnh Ngọc Quan, the division’s deputy head, said that District 5 has many apartment buildings and schools built before 2001 that do not meet the criteria on fire prevention and safety and need to be upgraded. Nguyễn Xuân Trung, vice chairman of the District 5 People’s Committee, said that 55 per cent of all production establishments, apartment buildings, hospitals and schools in the district were built before 1975. Many of them have a high risk of fire, but the district faces a shortage of capital to upgrade them, he said. The district People’s Committee said it would not be able to repair and upgrade firefighting equipment as required by the city committee, and could only upgrade several apartment buildings and production establishments first. Quan said that the district committee should set up a steering board to address this problem and try to finish the work per the city committee’s requirement. People living in these apartment buildings should be provided firefighting devices to resolve sudden fires, Quan said, adding that they also should be educated about fire prevention and fighting measures. Since 2016, the city has carried out the upgrading or rebuilding of old apartment buildings. Under the programme, 199 old buildings have been repaired, according to the city Department of Construction. Two old buildings with 876 apartments in districts 3 and 10 were rebuilt. …
