obay Coc 'disappears' promises huge profits
Since the beginning of 2020, due to "facing difficulties in cash flow", Thanh Do Investment, Development and Construction Joint Stock Company - the investor of Cocobay Da Nang Complex - will not pay committed income according to the sale and purchase contract. When opening the project for sale, the investor's profit commitment was 12% per year.
The company will not recover the previously committed income and will continue to be responsible for paying the owner.
Regarding the next cooperation plan, Thanh Do Company offers 3 groups of solutions for customers to choose from.
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What does VietinBank have to do with the Duong River Surface Water Plant Project?
The Duong River Surface Water Plant under AquaOne Group is the largest clean water supply project in the North.
The total investment capital of the project according to the investment certificate is about 5,000 billion VND (about 224 million USD).
Of which, the capital contributed to the project is nearly 1,000 billion VND (accounting for only 20% of total private oil capital). The company borrowed nearly VND4,000 billion remaining from VietinBank.
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TTC Land and Coteccons were heavily fined for tax violations by the Tax Department
The General Department of Taxation has inspected and discovered that Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land) has made incorrect declarations, leading to a shortage of tax payable. TTC Land was fined at a fine of 20% on the amount of corporate income tax and personal income tax declared in excess, equivalent to VND 1.55 billion
In addition, TTC Land was also charged nearly VND7.8 billion in corporate income tax, personal income tax and VND533 million in late payment fees. Thus, the total amount of fines and arrears imposed by TTC Land is nearly 9.9 billion VND.
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State banks tighten consumer lending
The State Bank has just issued Circular 18 amending many regulations on consumer lending, effective from the beginning of 2020. Accordingly, only customers who did not have bad debts at CIC at the most recent time were able to borrow.
In addition, the State Bank tightens the outstanding loan ratio of a customer compared to the total consumer loan ratio of a financial company according to the roadmap.
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After 2 postponements, Eximbank held an extraordinary general meeting of shareholders in March 2020
Export-Import Bank of Vietnam (Eximbank) said that it will finalize the list of shareholders on December 12 and is expected to hold an extraordinary meeting on March 5, 2020. The main content of the meeting was to elect an additional member of the Board of Directors for the 6th term (2015-2020) according to the proposal of a group of shareholders previously.
In this announcement, Eximbank said that the bank will submit to shareholders detailed information on the list of candidates and nominations for personnel expected to be elected to the board of directors on December 21. At the same time, the bank will receive applications from shareholders or groups of shareholders on nomination and nomination from December 30 this year to January 13, 2020.
After this time, Eximbank will submit the dossier to the State Bank for consideration and approval of the list of personnel expected to be elected as additional members of the Board of Directors before being elected at the extraordinary general meeting of shareholders.
