Tag: civil servant allocation

The VN-Index soared to yet another all-time high during the trading session on October 9th, immediately following FTSE Russell’s upgrade of Vietnam’s market classification.

Following the news of a market upgrade, domestic stocks surged at the opening bell, propelling the VN-Index above 1,730 points. However, the momentum was short-lived, as the benchmark index swiftly retreated, closing today’s session (October 8) below 1,700 points.

The Ministry of Finance has opted to maintain the existing tax payment method for dividends and bonuses in the form of securities, requiring payment at the time of transfer rather than upon receipt, as previously suggested. Immediate taxation upon stock distribution is deemed impractical, as investors lack the actual cash flow to pay taxes, while businesses, if required to withhold taxes, would face additional financial strain, potentially impacting their production and business operations.