The Ministry of Finance has recently issued Circular 23/2021/TT-BTC on printing, issuance, management, and usage of e-stamps labeling on tobacco and alcohol products. Illustrative image – File photo Accordingly, e-stamp means having signs recognizable to the naked eye and containing e-information and e-data activatable and searchable on e-portals of the General Department of Taxation and General Department of Customs. Especially, tobacco and alcohol products must be labeled with e-stamps from July 1, 2022. Each home-made or imported cigarette pack or liquor bottle must be affixed with an e-stamp. For cigarette packs and liquor bottles covered with cellophane films, e-stamps would be affixed to products before the outer cellophane layers are sealed. E-stamps would be affixed in such a way that once the cigarette packs or liquor bottles are opened, they would be torn and could not be reused. Cigarette and liquor producers and importers would be allowed to conduct … [Read more...] about E-stamp labeling on tobacco and alcohol products to be mandatory from next year
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Generali Vietnam to launch exceptional product “VITA – Đầu Tư Như Ý”
The product offers customers the flexibility to select from different protection options at the same premium, attractive bonuses and an opportunity to invest in the stock and bond markets via investment funds managed by two leading asset managers in Vietnam, VinaCapital and Dragon Capital. For the first time in the market, at the same premium, customers can select from four options for Death and Total Permanent Disability benefits according to their protection needs. These options include Protection 50, Protection 100, Protection 150, Protection 200; for 50 percent, 100 percent, 150 percent and 200 percent of sum-assured respectively, plus policy account value. Additionally, the customers will also be covered from critical illnesses, hospitalization, accidents… with a range of optional riders. VITA - Đầu Tư Như Ý also offers best-in-class bonuses. Policyholders are entitled to “Start-up bonus” of up to five percent of annual premium, “Regular bonuses” equivalent to four … [Read more...] about Generali Vietnam to launch exceptional product “VITA – Đầu Tư Như Ý”
Big-shot groups aim again for IPO success
Bamboo Airways is looking to raise $200 million with an IPO in the US. Photo: Duc Thanh Last week investors were hoping to make a killing after VinFast – the automaker of Vietnamese behemoth Vingroup – was said to be considering an initial public offering (IPO) in the New York Stock Exchange (NYSE), which could raise as much as $2 billion. Despite a number of flops by other Vietnamese peers, media outlets such as Bloomberg and Reuters reported that VinFast could be valued at around $50 billion after a successful listing – seen as surprising given that car giant Ford was valued at $144 billion in 2018, while VinFast is only a few years old. News of the consideration led Vingroup’s ticker to rise significantly in multiple consecutive trading sessions last week. Meanwhile, Bamboo Airways, a subsidiary of FLC Group, also revealed plans to raise up to $200 million in an overseas IPO in the third quarter of this year, particularly in the United States. The company aims to secure … [Read more...] about Big-shot groups aim again for IPO success
Generali Vietnam launches “VITA – Dau Tu Nhu Y” with preeminent benefits
The “VITA – Dau Tu Nhu Y ” product features preeminent benefits and a unique investment scheme The product offers customers the flexibility to select from different protection options at the same premium, attractive bonuses and an opportunity to invest in the stock and bond markets via investment funds managed by two leading asset managers in Vietnam, VinaCapital and Dragon Capital. For the first time in the market, at the same premium, customers can select from four options for Death and Total Permanent Disability benefits according to their protection needs. These options include Protection 50, Protection 100, Protection 150, and Protection 200 for 50, 100, 150, and 200 per cent of sum-assured, respectively, plus policy account value. Additionally, the customers will also be covered from critical illnesses, hospitalisation, or accidents with a range of optional riders. Apart from from four options with the same premium, customers will also be covered from … [Read more...] about Generali Vietnam launches “VITA – Dau Tu Nhu Y” with preeminent benefits
April 30–May 1 holidays: air tickets selling out, more trips offered
Airlines are offering more flights on the national holidays marking the Reunification and International Labor Day, but air tickets for some routes are running out because of high demand. Vietnam Airlines Group, including VNA, Pacific Airlines and VASCO, have announced the availability of 500,000 more seats, or nearly 2,600 domestic flights, for the rush days (April 28–May 3). VNA has opened six new air routes, namely Da Nang – Vinh; Phu Quoc – Can Tho, Nha Trang, Buon Ma Thuot, Hue and Thanh Hoa. Also, it has resumed the Da Nang – Thanh Hoa and Can Tho – Buon Ma Thuot routes, from April 24. Bamboo Airways in late March and early April planned to increase the transport output by 12-15 percent on backbone routes and tourism routes during the holidays. Despite the higher number of flights, no more air tickets are available for some routes, while airfares are high because of high demand. Passengers booking tickets on April 18 have to pay nearly VND8 million to fly one way … [Read more...] about April 30–May 1 holidays: air tickets selling out, more trips offered