The change in APA approval authority is expected to shorten processing time and enhance business proactiveness in international tax negotiations.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.
Cen Land is shifting from brokerage to development, targeting a 170% revenue increase and 424% profit growth in 2025.
Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.
While major consumer finance firms in Vietnam have reported strong growth, Mcredit posted an unexpected 87 per cent drop in profit for the first half of 2024.
Phu Thai Holdings has successfully maintained strong profit growth despite the crisis, thanks to its enhanced core capabilities and accelerated development strategy.
Despite concerns about the potential "shock" to the industry, companies in the sector have shown resilience, maintaining financial stability and achieving notable business results.
Non-financial companies are poised for continued profit growth in the second half of 2024, buoyed by a favorable monetary policy environment.
A swift increase in special consumption tax over coming years is expected to exacerbate challenges for alcohol producers, potentially complicating their ability to devise viable business strategies.
Vietcombank has announced the highest pre-tax profit in the banking sector for the second quarter and the first half of 2024, even as core revenue streams show a downturn.
Vietnam's Ministry of Finance is proposing a 100 per cent special consumption tax on beer and high-alcohol beverages by 2030 as part of efforts to curb excessive drinking and raise state revenues.
A prominent issue for many Vietnamese businesses concerns the proposed narrowing of the 0 per cent VAT rate for export services.
This ambitious target comes as the company anticipates substantial contributions from several key projects slated for unveiling in the latter half of the year
The national flag carrier has revealed its second quarter’s business results with a VND51.6 trillion ($2.24 billion) in revenue, up 5.5 per cent on-year. Its pre-tax profit has nevertheless been down by almost 11 per cent on-year to VND1.65 trillion ($71.73 million).
