– PG Bank changed its name
On November 20, the Board of Directors of Petrolimex Petroleum Commercial Joint Stock Bank (PG Bank) announced the decision to change its commercial name to Prosperity and Development Joint Stock Commercial Bank (PGBank). The bank’s current abbreviation, PG Bank, will be changed to PGBank (according to Dan Tri).
– From December 1, transactions from 400 million VND must be reported
According to Decision 11/2023 of the Prime Minister, from December 1, transactions worth 400 million VND or more must be reported to the State Bank. This decision stipulates that large value transactions must be reported to the State Bank according to the provisions of Clause 2, Article 25 of the Law on Prevention and Combat of Money Laundering (according to Tien Phong).
– The Ministry of Finance does not support the recommendations of the automobile giants
The Ministry of Finance has just submitted a report to the Government on the draft Decree amending and supplementing a number of articles of Decree No. 26/2023/ND-CP of the Government on export tariffs and preferential import tariffs, List of goods and absolute tax rates, mixed taxes, and import taxes outside the tariff quota. In this submission, the Ministry of Finance does not support the two recommendations of Toyota and Ford because “there are many policies to support the domestic automobile manufacturing and assembly industry”. (See more)
– Spending 2.7 billion USD to import soybean meal, not agreeing to reduce tax to 0%
In the submission to the Government on the draft Decree amending and supplementing a number of articles of Decree No. 26/2023/ND-CP, the Ministry of Finance did not agree to adjust and reduce import tax on soybean meal from 2% to 0%. According to the Ministry of Finance, soybean meal is a product from the soybean oil pressing process. This item is one of the important raw materials for animal feed production. In 2022, our country will have to spend 2.7 billion USD to import about 5 million tons of soybean meal. (See more)
– ‘Expedited’ postponement of gasoline price adjustment date
On November 21, the Ministry of Industry and Trade issued urgent document No. 8239 to the Departments of Industry and Trade of provinces and cities, key enterprises and gasoline distributors to announce changes in the operating time of gasoline prices. from 10 days to 7 days and applies every Thursday according to Decree No. 80 recently issued. Accordingly, the first price management period under the new regulations is November 23 (according to Tien Phong).
– China agrees to sell electricity to Vietnam in the direction of Lao Cai
The National Power System Dispatch Center (A0) under Vietnam Electricity Group (EVN) has just reported on the operating method for November and the remaining months of 2023. Regarding electricity import, A0 said the possibility China’s electricity purchasing capacity in the last months of the year is updated according to the latest negotiations from the Electricity Trading Company. Accordingly, the Chinese side agreed to sell electricity to Vietnam in the direction of Lao Cai with total output in November and December 2023 of 90 and 93 million kWh (about 3 million kWh/day), respectively, and there is no definite plan yet. receive electricity sales in the direction of Ha Giang in 2023 (according to Tuoi Tre).
– The Ministry of Finance explains the mandatory issuance of invoices for each sale of gasoline
On November 21, the Ministry of Finance said: Law on Tax Administration No. 38/2019/QH14 issued on June 13, 2019 and effective from July 1, 2020, specifically regulations on invoices and certificates. The electronic version of this law takes effect from July 1, 2022. Implementing the above regulations, the tax authority has coordinated with relevant units, with the support and companionship of the people and business community, from July 1, 2022, all businesses, Organizations across the country have issued electronic invoices. (See more)
– Deposited nearly 7.8 million VND in temporarily idle funds, collected more than billion USD in bank interest
From 2017 to October 31, 2023, the Ministry of Finance has deposited temporarily idle state funds at commercial banks with a total deposit value of 7.79 million billion VND, with interest earned of nearly 25,100 billion VND. The above information was stated by the Ministry of Finance in the Proposal for the Decree amending and supplementing Decree No. 24/2016/ND-CP dated April 5, 2016 of the Government stipulating the state budget management regime. (See more)
– How is Sabeco doing after nearly 6 years of being owned by a Thai billionaire?
After the acquisition of more than 54% of Thai shares, Sabeco’s business results were not very positive when the Covid-19 pandemic broke out and lasted for nearly 3 years, and economic difficulties also greatly affected its operations. actions of beer industry giants. Considering the cumulative first 9 months of 2023, Sabeco’s revenue reached 22,125 billion VND, down 12% compared to the same period in 2022. Of which, beer revenue reached 19,582 billion VND (same period was 22,129 billion VND), revenue Selling raw materials is 2,269 billion VND, revenue from selling wine and alcohol is only 36 billion VND… (according to Nguoi Lao Dong).
– Billion dollar seeds have record high prices, worried about losing thousands of billions when picking green fruits
Coffee prices are at record highs and are expected to continue to increase in the near future. Experts warn that if people harvest green fruit, it will greatly affect the quality and lose thousands of billions of dong. (See more)
Gasoline prices Today, November 21, the world market increased rapidly due to concerns that global supply continued to tighten. Brent oil price has risen to 82 USD/barrel, while WTI oil price is aiming at 78 USD/barrel.
The central exchange rate on November 21 decreased by 39 VND. Price USD at commercial banks today dropped sharply, reaching the mark of 24,200 VND/USD on the selling side, ending the session trading around the mark of 23,920-24,290 VND/USD (buy – sell). The world USD price continues to weaken.
Stock market November 21 saw the VN-Index increase by 6.8 points, to 1,110.46 points.
Green dominates red in most industry groups. Construction stocks and oil and gas stocks simultaneously “floated”.
Gold price Today, November 21, the world market went up. The price of gold rings in the country today increased sharply, reaching a peak of nearly half a million VND, approaching the mark of 61 million VND/tael, reaching a record level. Gold bar prices also reached their highest level in a month.
Interest rate The bank today, November 21, further noted that some commercial banks continue to reduce deposit interest rates in the context that nearly VND 100,000 billion will be pumped back into the market within the next 3 weeks.
