Benefit central enterprise

Deputy Governor Dao Minh Tu of the SBV said that as the liquidity of the banking system is currently abundant and banks do not lack capital, commercial banks are not allowed to raise interest rates, even mobilizing interest rates. If necessary, the SBV will adjust the benchmark interest rate, thereby indirectly helping banks to lower interest rates to support enterprises during the Covid-19 outbreak. He also noted that the whole banking system needs to ensure activities to happen normally. Commercial banks need to implement solutions, such as restructuring debts, outstanding loans, and repayment period and considering to lower interest rate. Currently, several banks have joined in helping enterprises affected by the Covid-19. Vietcombank cut interest rate by 1-1.5 percent per annum for credit outstanding balance in Vietnamese dong, depending on term; by 0.5-0.75 percent per annum for credit outstanding balance in US dollar; by 1 percent per annum for new loans in Vietnamese dong and … [Read more...] about Banks offer preferential interest rates for enterprises affected by Covid-19

The Vietnam Food & Beverage Forum 2019: "Actions for sustainability and better food safety management" The event was held by the American Chamber of Commerce Vietnam (AmCham Vietnam) and the Vietnam Chamber of Commerce and Industry (VCCI), the Central Institute for Economic Management (CIEM), the Vietnam Dairy Association (VDA), and the Vietnam Association of Seafood Exporters and Producers (VASEP). … [Read more...] about F&B enterprises in Vietnam reduce plastic for sustainable development

Due to affecting the tax base and the tax amount payable, the establishment of appropriate prices for transfer of goods, intangibles, and services between FIEs and their related parties, commonly referred to as transfer pricing (TP), is a great concern for both tax authorities and the enterprises themselves. In the meantime, many FIEs have reported continued losses while still carrying out business expansions. This has aroused suspicions that they have been involved in TP. … [Read more...] about Aligning transfer pricing with international norms

As a leading ICT group in Vietnam, the Military-Run Telecommunications and Industry (Viettel) has participated actively and effectively in the e-Government Project. Particularly, it has been chosen to implement key sub-projects in the Governmental Office, the Ministry of Information and Communications and Ministry of Education and Training. It is now developing an information system serving meetings of the cabinet and facilitating the operation of the government. It is also implementing a smart city model in Hue city, building a database for social insurance in Vietnam, and various other databases for the Ministry of Education and Training. … [Read more...] about Building e-government aims to create a powerful prosperous Vietnam