Tag: interest rates

The Ministry of Finance has recently submitted to the Ministry of Justice a dossier for appraisal of the Personal Income Tax Law (amended). This latest draft features several significant changes, most notably the introduction of a mechanism to calculate taxes on income and apply a 17% tax rate for households and individuals with business revenues exceeding the prescribed threshold.

The province of Quang Ninh has set an ambitious target for its economic growth this year, aiming for a 14% increase in GRDP - the highest goal in its history and 2% higher than the government's target. This bold aspiration presents both a challenge and an opportunity to solidify its position as a leading growth hub in Northern Vietnam. To turn this record-breaking vision into reality, Quang Ninh is implementing a comprehensive range of strategic solutions across vital sectors.

"The banking sector is poised for a valuation uplift, according to Quan Trong Thanh, Director of Analytics at Maybank Investment Bank (MSVN). He asserts that the industry's prospects are closely tied to the nation's economic growth trajectory. With Vietnam's imminent upgrade to Emerging Market status, the country's stock market is expected to witness a significant influx of foreign investment. A substantial portion of this inflow is likely to be directed towards the banking sector, further bolstering its valuation."