State auditor salary

Entering 2023, inflation has emerged as the top concern for the Central Bank of Vietnam (SBV). Specifically, inflation was predicted to be above 5 per cent within January. As China’s economy is now fully open, global pricing remains unpredictable, while the US Federal Reserve is still on a path of raising and modifying interest rates. A transaction office of VietinBank (Photo: VNA) “Thus, the SBV is under pressure to implement suitable monetary policies,” said banking expert Nguyen Chi Hieu. BIDV chief economist Can Van Luc also said, “Amid the global economic downturn, some countries may fall into a short-term recession. In this context, Vietnam’s GDP growth is expected to slow in 2023 compared with the high base level of 2022.” However, the country maintains a good level of GDP growth at 6-6.5 per cent as a base scenario, Luc said. Exports are expected to rise by 8-10 per cent, while domestic and foreign investment is expected to rise by about 8 per cent. He … [Read more...] about Economists cautious on interest rate adjustments

Vi, who has almost 20 years of experience working in the field of finance and investment credit, discussed credit financing for renewable energy initiatives, including wind and solar, at the event. She said the spectrum of electricity investment in Vietnam could be divided into three categories: foreign investors, Vietnamese corporate entities that can arrange credit with domestic and foreign banks, and businesses that have not yet had the opportunity to arrange capital but wish to. During 2017–2019, international investors could obtain capital inflows at a cost of around 4–5 per cent, but Vietnamese firms had to obtain capital from local banks at a cost of 11–15 per cent of total capital expenses. Therefore, local investors were pressured to invest much more than their international counterparts. In addition, Vietnamese organisations and businesses continue to need assistance in gaining access to credit, owing to the fact that international banks do not lend to local businesses … [Read more...] about Misleading to assert foreign firms dominate Vietnam’s energy sphere: expert

Accordingly, Deputy Prime Minister Le Minh Khai has been tasked with monitoring and directing economic-related fields, including planning; finance-price; monetary-banking; capital market and stock market; financial investment sources; State reserve; macroeconomic forecast and management policy; state budget expenditure; salary and social insurance policy; re-organization of state-owned enterprises; and anti-corruption. During the absence of Deputy PM Le Van Thanh, Khai will be responsible for directing the settlement of issues related to trade, import-export, reserve and supply of petrol and oil, and logistics services; economic and industrial, and export processing zones. Meanwhile, Deputy PM Tran Hong Ha will be in charge of monitoring and directing issues related to education-training, vocational training; science and technology; labor, employment and social issues; information and communication; culture; travel; sports; health, population, family and children. Deputy PM Tran … [Read more...] about Prime Minister assigns tasks to deputy prime ministers

Deputy PMs Tran Luu Quang , Le Minh Khai and Tran Hong Ha (from left to right) (Photo: viettimes.vn) Hanoi (VNA) - Prime Minister Pham Minh Chinh has signed a decision assigning tasks to deputy prime ministers . Accordingly, Deputy Prime Minister Le Minh Khai has been tasked with monitoring and directing economic-related fields, including planning; finance-price; monetary-banking; capital market and stock market; financial investment sources; State reserve; macroeconomic forecast and management policy; state budget expenditure; salary and social insurance policy; re-organisation of state-owned enterprises; and anti-corruption. During the absence of Deputy PM Le Van Thanh, Khai will be responsible for directing the settlement of issues related to trade, import-export, reserve and supply of petrol and oil, and logistics services; economic and industrial, and export processing zones. Meanwhile, Deputy PM Tran Hong Ha will be in charge of monitoring and directing … [Read more...] about PM assigns tasks to deputy prime ministers

Thirty-nine homeless people enjoyed their Tet at the Hanoi Center for Social Affairs and Children Protection. In the 2023 Tet holiday, as in the previous ones, homeless people in Hanoi, especially those unexpectedly forced to stay in the capital to earn a living, are well taken care of to have joyful celebrations even without a home. Homeless people enjoy meals during Tet at the Hanoi Center for Social Affairs and Children Protection. Photo: Tran Oanh/The Hanoi Times Tran Cong Chinh, 60, a resident of An Phu Commune, Quynh Phu District, Thai Binh Province, came to Hanoi in December 2022 to work as a construction worker. He was promised a salary of VND350,000 (US$15) daily, and the contractor provided room and board for him on the construction site. Chinh and his colleagues were also told they would be paid three days before the end of the lunar year. However, the contractor disappeared that day, and Chinh had to spend the rest of the lunar year … [Read more...] about Warm shelter for the homeless in Hanoi

Pham Thu Huyen, owner of a garment factory in Hanoi’s Hai Ba Trung district, has been worried about how to deliver salaries to hundreds of workers during the Lunar New Year period. “Instead of working overtime all day and night like a year ago, we have had too few orders due to the sharp drop in demand in the last few months. I have no profit to share with workers, and I am looking to borrow from somewhere else,” said Huyen. Huyen is also considering scaling down the company if the market remains gloomy after the festive break. Lack of overseas demand is cutting into operations of many businesses, Photo: Le Toan This is the common status of countless companies at this time. Many cannot survive, with little work coming in over the past several months. In a report from the Ministry of Planning and Investment in December, over 3,770 enterprises registered to suspend business for a definite time, up by a quarter on-year. In 2022, the number of enterprises withdrawing … [Read more...] about Experts call for extension of tax support

Ha, who sells imported goods brought by air, said the number of orders this year has halved from last Tet . "In previous years sales were very good [starting a week before Tet]. I would get a lot of orders. Now it is sluggish." She said her customers, even if they work for foreign companies and large state-owned enterprises and have high incomes, are spending less this year. Low-priced gift hampers -- costing VND550,000-800,000 (US$23-34) – are the ones selling well this year. Instead of buying 5-kg salted pork thighs like last year, shoppers are opting for one kilogram packs. Ha said her customers would often buy watches worth tens of millions of dong, but this year they remain on the shelf. "Handbags costing more than VND5 million too have few takers, and customers are instead opting for those priced at around VND1 million." It is the same with jewelry, with most buying items for not more than VND2 million, she said. Minh, the owner of an online fruit store in Hanoi, said … [Read more...] about Businesses paint gloomy picture as Tet shoppers tighten purse strings