Bulk goods are suspected to be fake in Thanh Hoa

Information from the Market Management force and the Police of Thanh Hoa Province, Vietnam – These agencies have inspected 5 warehouses with an area of ​​80-100 m2 in To Vinh Dien street, Bim Son town, Thanh Hoa province, Vietnam. .

There are more than 12,000 products with many signs of violation, suspected of being fake or imitation goods.

Most of the products have signs of counterfeiting many famous brands such as Channel, Gucci, Kenzo…

This quantity of goods does not prove the legal origin. All goods have been sealed and seized.

Due diligence Vietnam – The remaining goods in the warehouses will continue to be counted and classified.

The owner of the facility containing this amount of goods used 2 accounts “Nguyen Thao” and “Ntthaolasortie” to post sales and livestream products.

The above two accounts have been temporarily locked, the monthly sales of this warehouse is billions of dong.

The case is still under investigation – https://vietpi.com

SZ DJI Technology stops working in Russia

DJI is a Chinese company that has stopped working in Russia, according to its latest information. The company said it will suspend business to comply with regulations of many countries.

Russia is currently under sanctions by a number of countries because of its military campaign in Ukraine.

Drones are an important tool in warfare. Ukrainian officials even suggested that DJI was involved in the war.

The US president has urged many companies, from SMIC to Lenovo, to join the sanctions against Russia.

US President Joe Biden has warned China of the consequences if it helps Russia evade sanctions.

Many foreign companies have withdrawn from Russia, Chinese companies are still cautious about this.

Due diligence in Vietnam https://vietnamduediligence.com

Roadmap to increase taxes on tobacco, beer, alcohol

Information from the Vietnamese government – Deputy Prime Minister Le Minh Khai has just signed a decision approving the Strategy for Tax System Reform to 2030.

For value-added tax (VAT), the goal is to basically apply a single tax rate.

The strategy will develop a roadmap to adjust and increase taxes on tobacco, beer and alcohol products to limit production and consumption.

Implementation of international commitments; review and adjust excise tax rates on a number of items to suit socio-economic conditions in the 2021-2030 period;

The study applies a combination of proportional tax rate and absolute tax rate to a number of goods and services subject to excise tax.

For export tax and import tax, continue to reduce the number of tax rates to simplify the import tariff, strive to reduce the number of import tax rates by 2025 from 32 at present to about 25. levels by 2025 and 20 levels by 2030.

Researching and amending and supplementing export tax and import tax policies to promote exports, encourage the increase of domestic value, and limit the export of raw resources and minerals.;

Having appropriate preferential policies to promote the development of spearhead industries, supporting industries and priority fields.

For corporate income tax, according to the Strategy, the content will be to review to amend or abolish tax exemption and reduction incentives that are no longer relevant.

Limit the integration of social policies with tax exemption and reduction policies, ensure tax neutrality for stable application in the medium and long term; implementing corporate income tax incentives for small and micro enterprises…

For personal income tax, additional review of taxable objects; study, amend and supplement in the direction of adjusting the amount and tax rates suitable to the taxable income in accordance with the nature of each type of income.

For property-related taxes (including agricultural land use tax and non-agricultural land use tax), the Government agreed to continue to exempt agricultural land use tax until the end of 2025.

Relevant agencies are responsible for summarizing and evaluating the overall implementation of the non-agricultural land use tax policy.

On that basis, complete research in the direction of increasing the regulation level for land and supplementing tax collection for houses in order to encourage effective use of houses and land, contributing to limiting speculation on houses and land.

Corporate due diligence & Business screening service https://vietnamduediligence.com

Revealing senior personnel at Sacombank

Information from Sacombank – The current key leaders of Sacombank are expected to continue to join the Board of Directors for the term 2022-2026

Among the senior staff, only 2 candidates are brand new.

The annual general meeting of this bank will be held on April 22, 2022.

Saigon Thuong Tin Commercial Joint Stock Bank – Sacombank (stock code: STB) announced the candidates expected to join the Board of Directors for the new term 2022-2026 for shareholders to vote.

According to the list submitted to shareholders, Sacombank’s new Board of Directors will have 7 employees, including 2 independent members.

In which, the key members include: Chairman Duong Cong Minh, General Director Nguyen Duc Thach Diem, Vice Chairman Pham Van Phong and Mr. Nguyen Xuan Vu are the current members of Sacombank’s Board of Directors.

The above senior personnel continue to be on the list to elect the bank’s leadership for a new term.

Sacombank Deputy General Director Phan Dinh Tue was also added to the list of candidates.

Two new faces in the election of senior personnel are Ms. Pham Thi Thu Hang and Mr. Vuong Cong Duc.

Vice Chairman of the Board of Directors Nguyen Mien Tuan, two independent members Nguyen Van Huynh and Le Thi Hoa are not on the list.

Mr. Tuan is currently the Chairman of Rong Viet Securities Company.

Due diligence service in Vietnam https://vietnamduediligence.com

Gasoline discount 800 VND/ 1 liter in Vietnam

Information in the Vietnamese market – from 3pm on April 12, 2022, each liter of gasoline will decrease by VND 830-840, kerosene and diesel will decrease by VND 700-740.

The price of gasoline E5 RON 92 decreased to 26,470 dong, gasoline RON 95 was 27,310 dong.

Diesel oil dropped 700 VND per liter, down to 24,380 VND. Kerosene fell by 740 dong, to 23,030 dong per liter. Madut oil prices remained unchanged.

The operating agency in Vietnam continues to stop discharging the Stabilization Fund, except for madut oil.

The level of deduction for the stabilization fund for gasoline products increased compared to previous periods.

The rate of deduction to the Petroleum Stabilization Fund is 550 VND per liter of E5 RON 92 gasoline; RON 95 gasoline is 650 VND.

The rate of deduction to the stabilization fund for kerosene is 350 dong per liter and 500 dong for diesel.

This is the second operating period for this item to be eligible for a 50% reduction in environmental tax. Tax reduction is applied from April 1 to the end of 2022.

Appraisal service bulletin in Vietnam https://vietnamduediligence.com

Forbes: Vietnam has 7 billionaires

Forbes magazine has just announced the list of world billionaires in 2022, Vietnam this year has 7 representatives in the top richest people in the world.

According to the newly announced list: Vingroup Chairman Pham Nhat Vuong, VietJet Air CEO Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Techcombank Chairman Ho Hung Anh, Thaco Chairman Tran Ba ​​Duong, Masan Chairman Nguyen Dang Quang, Chairman of Nova Group Bui Thanh Nhon.

These are 7 names included in the list of the richest people in the world.

Vietnam has the most representatives on the list compared to previous years.

Nova Group Chairman Bui Thanh Nhon first appeared on the list of Forbes, with $ 2.9 billion, ranked 1,053 in the world.

Mr. Vuong appeared for the 10th time, with a fortune of 6.2 billion USD, ranked 411th in the world.

Thao, with a fortune of $3.1 billion, has also been on the list six times.

Mr. Duong owns 1.6 billion USD. Truong Hai Automobile Company (Thaco) was founded by Mr. Duong with the brands Kia, Mazda and Peugeot and manufactures buses and trucks with Vietnamese brands.

Mr. Ho Hung Anh has a net worth of 2.3 billion USD.

Masan Chairman Nguyen Dang Quang has $1.9 billion.

Steel billionaire Tran Dinh Long owns $3.2 billion, an increase of $1 billion compared to last year and ranks 951.

Vietnam business due diligence service bulletin https://vietnamduediligence.com

Gautam Adani reaches 100 billion USD

Gautam Adani, an Indian, is the latest member of the club to reach a fortune of hundreds of billions of dollars. His fortune has increased by more than $28 billion this year.

Gautam Adani currently owns $ 105 billion, is the 10th richest person in the world and the richest person in Asia.

Adani started his coal business and expanded his fossil fuel business.

In addition, other businesses include: renewable energy, airports, data centers and defense contractors.

The billionaire’s fortune has grown rapidly in the last two years. Adani attracts investment from companies such as Total (France) and Warburg Pincus (USA).

Some company shares under the Adani Group have increased by more than 1,000% since 2020.

Newsletter on business and personal due diligence services in Vietnam https://vietnamduediligence.com

Russia cuts oil prices for Indian companies

Information from Bloomberg, a source said that Russia is offering to sell Urals oil to India at a price up to $ 35 cheaper than before the conflict with Ukraine.

Information said that Russia wants to sell to India 15 million barrels of oil in 2022.

Negotiations are taking place at the government level.

India is currently the second largest oil importer in Asia. India is also one of the few countries that is increasing its purchases of Russian oil.

India and China are two countries that buy a lot of Russian oil today.

Payment mechanism in both Indian ruble and rupee, through SPFS system. The final decision is likely to be discussed during Russian Foreign Minister Sergei Lavrov’s two-day visit to India mid-week.

Direct sales are expected to take place between Rosneft (Russia) and India Oil (India). Strong discounts make this deal viable, despite the high shipping costs.

It is not clear how much oil India can buy from Russia. But India’s demand for the offered oils is also said to be modest.

India will also seek to boost exports of pharmaceuticals, machinery and chemicals to Russia.

Due diligence service in Vietnam – https://vietnamduediligence.com

EU wants to manage Bitcoin transaction information

The European Union is working to regulate all cryptocurrency exchanges, transaction information must be managed.

Two committees in the European Parliament have eliminated the requirement that digital currency transactions require a minimum of five fields of information.

Under a proposal first put forward last year by the EU’s European Executive Committee, cryptocurrency exchanges would have to store and report information about people trading cryptocurrencies. The commission has proposed applying this regulation to money transfers of 1,000 euros ($1,116) or more.

Under the new decision, the rule of minimum is removed, meaning that all translations will need to be documented.

Ernest Urtasun, a lawmaker from the Spanish Green Party, said the regulation makes it easier to identify and report suspicious transactions, supports a digital asset freeze and discourages high risk transactions.

According to him, the exemption for low-value remittance transactions is not appropriate, as users can circumvent the regulation by dividing the amount into multiple transactions.

In addition, small transactions may also be associated with certain types of crimes.

The removal of the EU draft minimum is also said to be in line with global anti-money laundering regulations.

The EU’s legislatively responsible committees have also agreed to new regulations for the management of individual digital wallets.

They agreed on a list of digital asset service providers with high risk or non-compliance.

Coinbase Chief Legal Officer Paul Grewal believes that traditional cash, not digital currency, is the most common way to hide financial crimes.

According to the exchange, new regulations will stifle innovation.

Due Diligence service in Vietnam https://vietnamduediligence.com