A worker checks products at a storage facility of Hoa Phat Group (HPG). The company's shares surged 2.4 per cent on Friday. — Photo hoaphat.com.vn Vietnamese shares finished the week higher, ending several days of sell-offs with a rebound fuelled by securities and steel stocks. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.82 per cent to close at 1,262.33 points. The VN-Index had lost 0.54 per cent in the last two days. More than 541.7 million shares worth VND13 trillion (US$555.7 million) were traded on the southern exchange. The market's breadth was positive with 273 stocks climbing, of which eight hit ceiling prices, while 166 declined. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.68 per cent, to 1,280.96 points. In the VN-30 index, gainers included Asia Commercial Bank (ACB), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), … [Read more...] about Shares finish week higher on the back of steel, securities sectors
Triple point social housing reit share price
Law on Personal Income Tax inconsistent
This move should in fact have been done two years ago in 2020, when the Consumer Price Index (CPI) at that time had increased to 22 percent compared to the time when the Law had come into effect. This is because the Law stipulates that when the CPI increases above 20 percent it must be adjusted. Tax rates not reasonable It is believed that the proposal to amend and adjust the Law on Personal Income Tax is too slow because the Ministry of Finance is trying to make its own adjustments even when the tax regulations and calculations are no longer consistent with ground reality. Because when the value of money decreases due to inflation, tax milestones and family deductions also decrease accordingly, making the lives of wage earners and dependents more and more difficult. Even in the difficult years of the Covid-19 pandemic, the income of employees decreased, but PIT still increased steadily. Only in the first quarter of this year, the PIT amount was estimated at 43.3 percent of the … [Read more...] about Law on Personal Income Tax inconsistent
PM urges favorable environment for businesses
A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses
ISHCMC graduates find path to flourish
As one of the leading international schools in Vietnam, ISHCMC has a rich 28-year history of student achievement. The class of 2022 was no exception, with one student, Seoyeon Hong, achieving a perfect score of 45 points in the IB Diploma. Mike Hebert, ISHCMC director of admissions and market growth, said: "The result puts her in the 99.7th percentile among students studying the IB Diploma Program globally. That is a true testament to the education students at ISHCMC are receiving and one that the whole community is proud of." Seoyeon Hong, who achieved a perfect score. Photo courtesy of ISHCMC Another student that has flourished under ISHCMC's educational environment is Junsoo Chung. Junsoo Chung joined ISHCMC in grade 2. Junsoo recounts: "I arrived at school with no English language. On my first day, a classmate shared with me a copy of "Star Wars," that book helped me kickstart my English skills." Junsoo is one of many recent graduates from ISHCMC’s class of … [Read more...] about ISHCMC graduates find path to flourish