Tag: trim levels

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.

Power industry experts warn of a looming electricity shortage crisis, citing a decade-long drought in major power projects. Meanwhile, over 170 renewable energy initiatives remain stalled, exacerbating the issue. The persistent challenge of electricity pricing continues to weigh heavily on the sector.