A customs official checks goods at Ben Luc Customs Sub-Department in the southern province of Long An. — VNA/VNS Photo Hoang Hung Simplified tax and customs procedures would attract more foreign investors to Viet Nam, said South Korean Ambassador Kim Do-huyn at a conference in Ha Noi on September 17. Ambassador Kim said Viet Nam needed to create a more transparent and fairer tax environment for businesses. South Korea is the largest direct investment partner in Viet Nam. According to statistics, South Korea has 6,760 projects with total registered capital of US$59 billion. Speaking at the meeting, which was held by Viet Nam’s Ministry of Finance and the South Korean Embassy in Viet Nam, Deputy Minister of Finance Vu Thi Mai said that administrative procedures, tax policies and customs were always a top concern. “The finance ministry is ready to listen to comments from enterprises to solve difficulties related to administrative procedures, tax and customs policies, … [Read more...] about VN and South Korea discuss tax policies
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Over $744 billion mobilised from selling G-bonds in August
Ten-year bonds posted annual interest rates of 4.5-5.6 per cent, and 15-year bonds, 4.81-6 per cent per annum. — Photo vneconomy.vn The Hanoi Stock Exchange held 38 auctions in August, mobilising a total of more than VND17.3 trillion (US$744.3 billion) worth of Government bonds, up 9.9 per cent from the previous month. Of the amount, VND16.06 trillion was raised by the State Treasury, while the remainder was mobilised by the Bank for Social Policies. The interest rates of successfully-bid 3-year bonds ranged from 4-5 per cent per year, while those for 5-year bonds were from 3.5-5.1 per cent per year and 7-year bonds at 3.9 per cent a year. Ten-year bonds posted annual interest rates of 4.5-5.6 per cent, and 15-year bonds, 4.81-6 per cent per annum. The interest rates increased for bonds of all terms compared to those sold in July, excluding the 7-year term, which remained unchanged. On the secondary G-bond market, the total volume of G-bonds sold by the outright method exceeded … [Read more...] about Over $744 billion mobilised from selling G-bonds in August
Banks to prioritise senior staff, capital increases at this year’s AGMs
Techcombank is due to submit a proposal for eight members of the banks Board of Directors (BoD) and three members of its supervisory board (SB) for the 2019-24 period.— Photo techcombank Changes in senior personnel, listing on the securities market, raising capital and the settlement of bad debts are expected to be the top priorities of banks at their upcoming annual general meetings (AGM) this month. At the AGMs this year, many banks are expected to make major changes in the selection of their top personnel for the upcoming term from 2019 to 2024. Techcombank is due to submit a proposal for eight members of the banks Board of Directors (BoD) and three members of its supervisory board (SB) for the 2019-24 period. Military Bank will also consult its shareholders about a plan to elect the BoD and the SB with the intention of having five members in the BoD and three members of the SB. SCB will also hold a general meeting this month, where it will change the BoD and SB for the next … [Read more...] about Banks to prioritise senior staff, capital increases at this year’s AGMs
