Taxing to reduce obesity

The financial statement of the company from the fourth quarter of 2020 stated a net revenue of VND2.113 trillion ($91.87 million) for 2020, down 8 per cent on-year, while after-tax profit dropped 23 per cent to VND302 billion ($13.13 million). The total assets of CenLand (at the end of 2020) increased by 45 per cent to VND3.892 trillion ($169.2 million). … [Read more...] about CenLand stock no longer up for margin tradinng due to tax evasion

VinFast, a unit of Vietnam’s biggest private conglomerate Vingroup, entered the auto industry three years ago. It has an auto plant in the northern province of Hai Phong and research and development centers in Australia, Germany and the U.S. … [Read more...] about VinFast introduces self-driving car models

HCM City (VNA) - Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20. Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu considered abolishing black credit as one of the important tasks that has been continuously implemented across the whole credit institution system in Vietnam. In recent years, the SBV and credit institutions in localities have been cocoordinating with the Ministry of Public Security and local authorities in implementing drastic measures to limit black credit. In the future, the SBV will continue improving the awareness of local people about credit policies, loan packages and procedures for loan applications so that local people could easily access bank loans. Meanwhile, the State Bank will study and soon complete legal documents … [Read more...] about Promoting consumer finance to fight black credit: experts

An early version of the bill states that foreign investors are allowed to lease land for up to 99 years for projects in the zones with approval from the Vietnamese prime minister, an incentive critics feared would pose a serious threat to national security if given to wrong hands. … [Read more...] about Use of force not a priority in handling ‘riot-like’ situations: Vietnam official

“We are excited to partner with Vietnam to strengthen its electrical networks and integrate more renewable energy. Expanding local manufacturing of essential equipment in the country will help us contribute to that,” said Chandan Singh, managing director, Hitachi ABB Power Grids Vietnam Co., Ltd. “Enhancing the manufacturing facilities of power transformers is one step in that direction.” … [Read more...] about Hitachi ABB Power Grids expands transformer manufacturing in Vietnam