Pangasius farmers in the Mekong Delta are in a dilemma and on the verge of ruin as they are unable to sell large-sized fish while factories face a shortage of small-sized fish for processing. Farmers are in distress because traders refuse to buy their large-sized fish in the context that exporters prefer small-sized fish. Farmers [...]
The Government should resume the credit growth cap to 23% as targeted in early 2011, suggested member of the National Assembly’s Standing Committee for Finance and Budget at the 41th NA’s meeting. The move to cut credit growth to low 20% in 2011 from 31% in 2010 may help to fight inflation, yet will hurt [...]
The dong deposit interest rates rose to about 17-18% for most terms, even up to 19-20% p.a., while lending interest rates mostly range between 18% p.a. and 22% p.a. and even hit 25-27% p.a., according to a report by the NA’s Economic Committee. The dong deposit interest rates rose to about 17-18% for most terms, [...]
Local firms find it more difficult to export gold due to Government’s stricter requirements and higher tax rates, the online newspaper Sai Gon Tiep Thi reported June 30. A gold exporter who exported over a ton of gold jewelry in June shared that she must ensure 98.5% of gold purity to enjoy 0% tax rate, [...]
The People’s Committee of northern Bac Kan province launched the Agro-Forestry Promotion and Investment Fund (APIF) at an investment promotion conference on June 29, aiming to encourage public-private partnership in the fields of agro-forestry and tourism. The fund will provide financial assistance from US$30,000 to US$100,000 for investment initiatives taken by private investors which meet [...]
The Ministry of Finance is proposing to levy new taxes on used foreign luxury cars in an effort to curtail imports. According to a proposal submitted to the Government, a luxury used car would be subject to two types of taxes: a fixed tax of US$5,000-10,000 and an import tax of 80-83 per cent, similar [...]
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