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Tan Hoang Minh chairman receives 8-year sentence for bond fraud

Tan Hoang Minh chairman receives 8-year sentence for bond fraud

All defendants in the Tan Hoang Minh bond fraud trial were sentenced below the prosecution's indictment range, owing to newly emerged mitigating factors.

Casino service in SEZs is drafted to enjoy special consumption tax of 15 percent

On May 23, the draft Law on Special Administrative and Economic Zones was discussed by the National Assembly, in which the casino business service in the Units is expected to enjoy a special consumption tax incentive of 15 percent for the first ten years if approved.

Swedish-based SOWAREEN expresses desire to invest in financial center in Van Don

The Swedish-based SOWAREEN corporation has proposed to invest in establishing the financial and insurance center in Van Don special economic zone, Quang Ninh province.

Vietnamese steel originated in China will endure severe tariff from the U.S.

Corrosion-resistant steel and certain cold-rolled steel flat products delivered from Vietnam but originated in China are subjected to import duties up to 200 percent due to evading the U.S. anti-dumping and countervailing duty orders, according to conclusive decisions just declared by the U.S. Department of Commerce

Vietnam NA will continue to discuss the draft Law on Special Administrative and Economic Units

The Law on Special Administrative and Economic Units is one of the highlighted issues put high on agenda in the fifth working session of 14th National Assembly.

Employees concern about potential removal of wage scales and payroll may worsen their benefit

Several workers at industrial zones in the Red River Delta are exposing concerns that a possible removal or reduction of the wage scales and payroll can directly influence to workers benefits, creating an easy opportunity for employers to harness the employment's salary reform.

Land price hike over 100 times leads to controversial decision on land transaction suspension in SEZs

Local authorities are enforcing orders to temporarily cease the transfer, conversion of land use purpose and modification of land ownership after a dramatic increase in land prices in the future special economic zones (SEZs) such as Van Don, Phu Quoc and Northern Van Phong.

Incentives of corporate income and excise taxes may be curtailed at the special economic zones

The latest draft law of the special economic zones has been amended based on the opinions of several members of the National Assembly to reduce incentives for several investment projects including casino, tourism and entertainment services.

Giant Japanese retail group, AEON anticipates to open a $180 million shopping mall in Hai Phong city

AEON Mall Hai Phong - Le Chan scheduled to open in 2020 will be the sixth commercial mall of the biggest Japanese retail corporation in Vietnam, the third largest in the North, and the first large scale commercial center in Hai Phong city.

Gamuda Gardens residents oppose investors stuffing more houses in its development plan

Gamuda Land’s intention of changing its Gamuda Gardens township development plan in order to increase the number of houses for sales has faced negative feedbacks from people living in the area.

Fitch upgrades rating for Vietnam citing it as the fastest amongst 'BB' rated peers

Fitch Ratings has upgraded Vietnam’s rating from "BB-" to "BB" proving the nation’s improvement on economic growth, foreign exchange reserves and government debt.

Stock indexes
1,290.18 7.09 0.55
Volume: 1,012,175,340 Value: 25,868 (Billions VNĐ)
243.92 1.07 0.44
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91.48 0.3 0.33
Volume: 39,453,046 Value: 586 (Billions VNĐ)
1,303.2 14.43 1.12
Volume: 336,980,786 Value: 11,682 (Billions VNĐ)