Tag: 20 Percent

VNPT proposes 20 percent cut in mobile charges

The Vietnam Post and Telecommunications Group (VNPT) last week asked the Ministry of Information and Communications’ permission to cut charges for clients of VinaPhone and MobiFone.  The highest reduction suggested is 20 percent, starting in early February if the MoIC agrees. VNPT submitted this plan to the MoIC just two days after Viettel announced... Read more

Flower, ornamental tree prices scale new heights

LookAtVietnam – The flower and ornamental tree market has been steadily humming for the last several days, three weeks before Tet.   Imported flowers dominating market “Seventy percent of flowers and ornamental trees are from China,’ said Nam, the owner of Giang Nam Floral Shop in Hanoi Nam said that flowers from China are... Read more

New insurance plans bankrupt poor patients

Health insurance holders at An Binh Hospital in Ho Chi Minh City’s District 5 on Thursday. Policyholders no longer enjoy full payment and pay up to 20 percent instead. Tran Van Hoang says he might not be able to pay his bills at An Binh Hospital after being admitted last Thursday for urolithiasis and asthma.Although... Read more

Leaving home for Tet

Two tourists walk past a travel agent in Ho Chi Minh City. At a time when the Vietnamese diaspora heads home to celebrate Tet, the Lunar New Year, the trend of going abroad for the holiday has strengthened over the last few years. For many people, especially youths and the nouveaux riches, Tet has become a time... Read more

Mobius may seek shares in ‘cheap’ Vietnam, Nigeria

Investor Mark Mobius said he may buy more shares in the “particularly cheap” frontier markets of Vietnam, Nigeria, Kazakhstan and Ukraine even as developing nations face a “correction” that may exceed 20 percent. “We’re finding some very interesting opportunities in those markets,”... Read more

New tax to have little impact on stock market: analysts

LookAtVietnam - A new capital gains tax on stock investments has come into effect, but insiders say it won’t change much on the market. Under the Personal Income Tax Law effective January 1, stock investors must pay either 0.1 percent of the value of each transaction or 20 percent on their net profit for the year. Investors choosing to pay 20 percent on... Read more

New tax to have little impact on stock market: analysts

A new capital gains tax on stock investments has come into effect, but insiders say it won’t change much on the market. Under the Personal Income Tax Law effective January 1, stock investors must pay either 0.1 percent of the value of each transaction or 20 percent on their net profit for the year.Investors... Read more

Local banks say profits not too high

Commercial banks have rejected claims that they are making huge profits, saying they even earn less than companies in other sectors, according to a report by local newswire VnExpress.  LookAtVietnam - Commercial banks have rejected claims that they are making huge profits, saying they even earn less than companies in other sectors, according to a report... Read more

Local banks say profits not too high

Commercial banks have rejected claims that they are making huge profits, saying they even earn less than companies in other sectors, according to a report by local newswire VnExpress. Hanoi-based Techcombank, for instance, is set to post a full year profits of more than VND2.2 trillion (US$120 million) while the... Read more

Garment sector fulfils yearly target

For the first time in many years the garment sector has achieved one-digit export growth in 2009. Beyond expectations The export value of footwear is expected to tumble by 15 percent, wood products by 12 percent and seafood by 8 percent. Despite a fall in major markets such as the European Union and the US, garment exports to Australia, the Republic of Korea,... Read more

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