Clarity necessary on legal procedures for businesses

Clarity necessary on legal procedures for businesses

(SGI) - There is an urgent need to clarify the decisions made recently by the Government on exemption and reduction of taxes, fees, and land use levies to help production and business enterprises to recover after a long phase of decline across almost all businesses.

Real estate stocks still find bottom

(SGI) - The last few years has seen a decline in revenue across most businesses, especially those in real estate, where the pressure of corporate bonds maturing within this year has many enterprises fearing a state of insolvency. Although the Government has now announced many rescue measures and solutions, the effect is still to be seen.

New provisions provide relief to bonds market

(SGI) - The new provisions introduced in Decree 08 provide temporary solutions to easing the immediate tension in the bonds market. Now bond issuers will be able to negotiate with creditors and extend the bond maturity time frame upto a two-year period, as well as negotiate on repayment of bonds with other assets.

Tax laws need revising for E-commerce businesses

(SGI) - The Government needs to urgently review, revise, and update all the tax laws pertaining to electronic transactions in Vietnam, in order to facilitate timely declaration and payment of taxes by organizations and individuals.

Tax department needs to keep pace with E-commerce

(SGI) - Revenue collected from taxes of E-commerce activities in Vietnam as well as cross-border digital platforms has been gradually and steadily increasing in the last few years. Nonetheless, despite the development speed of E-commerce within the country and increase in cross-border digital services, the revenue increase has been rather insignificant.
Seafood stocks to remain unsteady

Seafood stocks to remain unsteady

(SGI) - Seafood stocks are expected to fall from fluctuations in the current volatile export market and a decline in businesses in 2023.
Investors wary of more reduction in interest rates

Investors wary of more reduction in interest rates

(SGI) - Since the beginning of March 2023, commercial banks have reduced deposit interest rates which has been contrary to forecasts made by many domestic and foreign investment organizations who believed that the interest rates may increase when the Federal Reserve (FED) raises the interest rate yet again.
Seaport stocks fail to entice investors

Seaport stocks fail to entice investors

(SGI) - Outstanding business results in 2022 were factors for investors to expect great hopes in seaport stocks in 2023. However, recent statistics show that seaport enterprises are facing turbulent times as demand has fallen all round.
Vietnam not oriented towards culture of tourism

Vietnam not oriented towards culture of tourism

(SGI) - Ministries and businesses have put in a great deal of effort in luring international visitors to Vietnam, but the number of foreign tourists has always been lower than to other countries in the region.
Some industries hope to revive in second quarter

Some industries hope to revive in second quarter

(SGI) - Many export manufacturers had faced serious cancellations and shortage of orders by the end of 2022, and many enterprises in the textile, footwear, and wood industries operated in moderation with employees working on alternate days.
Support for enterprises lacks concrete action

Support for enterprises lacks concrete action

(SGI) - All throughout 2022, Vietnamese enterprises faced endless frustration and disappointment in trying to access loans with preferential interest rates and exhausted their attempts to seek extension of support policies such as for VAT reduction.
Mekong Delta region in need of railway line

Mekong Delta region in need of railway line

(SGI) - According to historical documents the 70 km long Saigon-My Tho railway line was the first railway line in Vietnam in the once Indochina region which began operations on 20 July 1885.
Sasco business projects in dire crisis

Sasco business projects in dire crisis

(SGI) - The Covid-19 pandemic had a serious negative impact on the Tan Son Nhat Aviation Services Joint Stock Company (Sasco-SAS). The business suffered and Sasco shareholders still remain dissatisfied with the ongoing projects that are lying on hold despite huge investments made over the last so many years.
Market sees strong impact of foreign capital

Market sees strong impact of foreign capital

(SGI) - The first trading month of 2023 saw only 16 sessions due to the Lunar New Year holiday break, but nonetheless, Foreign Exchange Traded Funds (ETF) poured in more than VND 2,247 bln into the stock market. In January 2023, the amount of foreign capital that poured into HoSE amounted to VND 3,797 bln.
Stock market reaction positive to interest rate hike

Stock market reaction positive to interest rate hike

(SGI) - When the US Federal Reserve (FED) raised the interest rate recently the stock market reacted positively, unlike when in 2022 the continuous raising of the interest rate by the FED had caused panic across markets.
New law on real estate tax under consideration

New law on real estate tax under consideration

(SGI) - The National Assembly is currently working on developing a new law on applying tax on real estate, to replace the Law on Agricultural Land Use and Law on Non-Agricultural Land Use. The new Law on Real Estate Tax is expected to be passed by 2025. Under this new law, houses and land will be taxed separately, with higher tax rate applicable on vacant houses.
Imperative to revive cash flow in current market

Imperative to revive cash flow in current market

(SGI) - The Ho Chi Minh City Real Estate Association (HoREA) recently submitted a written proposal to the Ministry of Finance for submitting to the Government for further consideration and amendment of Decree 65/2022/ND-CP for implementing strict regulations for bonds issuers, credit rating consultants, and bonds consultants. This is being seen as imperative in clearing the path for cash to flow again in the current market.
Foreign investors continue net buying trend

Foreign investors continue net buying trend

(SGI) - Foreign investors have maintained a net buying position on the stock market since November 2022, partly contributing to maintaining confidence in the recovery of the VN Index.