Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices. At present Vietnam's macro data continues to be positive but the domestic stock market is reeling from external variables.
In the early days of May 2022, many banks have raised their savings interest rates by about 0.1 percent-0.5 percent per year compared to April, especially online savings rates have increased by up to 0.7 percent per annum.
Value-added tax (VAT) was reduced from 10 percent to 8 percent has benefited many businesses. However, the lower VAT rate will not apply to some businesses; therefore, just some businesses are entitled to enjoy value-added tax reductions.
2021 is a pivotal year for F0s in many aspects: F0 as in Covid-19 F0 cases and F0 as in new investors in securities. First of all, 2021 is the year that some people jokingly call the second Covid year. Vietnam succeeded in controlling the pandemic in 2020.
Regarding loan credit and bidding guarantee for enterprises bidding for four land plots in Ho Chi Minh City’s Thu Thiem New Urban Area, the Department of Banking Inspection and Supervision II said that commercial banks do not grant credit to four real estate businesses that won the auction of land use rights in the new urban area.
At a press conference held right after the closing of the first extraordinary session of the National Assembly, Deputy Chairman of the Finance and Budget Committee Nguyen Huu Toan said that the National Assembly did not immediately decide but assigned the Government to continue to study the proposal for a tax increase for securities and real estate transactions.
Although the state budget revenue in 2021 exceeded the annual estimate, it is still not enough to convince the tax authorities. When the income structure is unstable and long term, the actual state budget revenue gradually decreases.
The year 2021 witnessed many fluctuations in the economy, in general, and the stock market in particular. The Securities Journalists Club held an annual announcement of ten securities events in 2021 on December 28 in Hanoi.
Despite the complicated developments of the Covid-19 pandemic, after surpassing the historic peak in April this year, Vietnam's stock market continued to conquer new heights in both the index and liquidity in May. Vietnam’s stock market continuously set many records by attracting a large amount of money.
Vietnam’s stock market dropped steeply on June 29, extending its losing streak to a fifth trading session as selling pressure increased due to information that the gross domestic product in the second quarter of this year merely grew 0.36 percent, the lowest level in the past ten years, affecting investors’ sentiment.