VIETNAM TENDERS DAILY- JANUARY 21, 2020
1. Materials and spare parts supply
2. Lighting system uprgade
3. Supervision service supply
4. Materials and spare parts supply
5. Relay equipment supply
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HIGHLIGHTS OF DIPLOMACY IN 2019
The top events include the second DPRK-USA Summit, winning UNSC non-permanent seat, signing trade and investment deals with the European Union and new border treaty with Cambodia.
INTELLASIA FINANCE & BUSINESS NEWS - JANUARY 20, 2020
1. Reference exchange rate down 2 VND at week's beginning
2. The habit of trading via ATM has changed dramatically
3. Economists warn GDP growth target a challenge
4. Hanoi Tax Department to scrutinise transfer pricing in 2020
5. Vietnam faces difficulty in raising funds for infrastructure
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HANOI TAX DEPARTMENT TO SCRUTINISE TRANSFER PRICING IN 2020
In 2019, the Hanoi Tax Department made great achievements, with state budget collection hitting a five-year record high with tax collection reaching VND252.18 trillion ($10.96 billion), up 15 per cent on-year. Tax collection from manufacturing business rose 17 per cent on-year, up from the 11.2 per cent in 2016-2018.
MINISTRY EYES TIGHTENING CORPORATE BOND ISSUANCE AMID MARKET’S OVERHEATING
The ministry has made public a draft decree to amend several points of the Decree 163/2018/NĐ-CP about corporate bond issuance for comments, which included amendments of conditions for corporate bond issuance, rates, issuance approach in domestic and international markets, information disclosure and reporting mechanism.
HCM CITY CALLS FOR WB’S SUPPORT TO BUILD INT’L FINANCIAL CENTRE
At an event to unveil the WB’s Vietnam Development Report 2019, Chairman of the municipal People’s Committee Nguyen Thanh Phong said although the city has taken leading steps in development connectivity, the size of its economy remains modest with 58 billion USD. Therefore, despite a high annual growth rate, the local economy still lags far behind those of big cities in the region.
MOF ANNOUNCES 13 MARKET MAKERS FOR DEBT MARKET
According to the Government’s Decree No. 95/2018 / ND-CP, three securities firms, nine commercial banks and a member company of Agribank are identified as the market makers of government debt instruments, which are known as G-bonds, government-guaranteed bonds or Government notes.
SHAPING FDI FLOWS IN ERA 4.0
In the past three decades, Vietnam has become a favored destination for many gigantic corporations. However, only 100 of the Top 500 Global Companies have made investment in Vietnam. That urged Vietnam's investment management agency to work out top priorities to attract investment from the world's leading corporations.
