Ministry of Finance rejects proposal to organize payment to provide account information for taxpayers
The Ministry of Finance is drafting a Decree guiding the Law on Tax Administration, expected to take effect from July 1, 2026. Compared to the previous draft, the Ministry of Finance has removed the proposal requiring banks, e-wallets and intermediary payment organizations to provide payment account information of users to tax authorities.
According to the State Bank of Vietnam, payment systems currently process millions of transactions every day. Therefore, requiring banks to automatically identify foreign suppliers that are "not registered, declared, or taxed" is not feasible.
Previously, according to Decree 126/2020 and the Law on Tax Administration 2019, banks used to provide account information, balances and transactions at the request of tax authorities to serve tax obligation inspection and examination. See more...
Gold prices surge, people line up to sell
On May 25, domestic gold prices reversed to increase by about 500,000 VND/tael after many sessions of deep decline. However, compared to a month ago, gold prices are still lower by about 6.8 - 7.3 million VND/tael in both buying and selling directions.
At gold shops on Cau Giay and Tran Duy Hung streets (Hanoi), the number of customers buying is average, and transactions are quite open. Stores continue to sell gold rings in unlimited quantities and return goods directly to customers after the transaction is completed.
While the number of buyers is not too large, the number of customers taking gold to sell has increased. Many people take advantage of the gold price rebound to sell a part of their accumulated gold to serve personal financial needs. See more...
Ha Long canned goods continue to report losses, revenue declines in Q1/2026
In Q1/2026, Ha Long Canned Food Joint Stock Company continued to operate at a loss. Financial statements show that the parent company lost more than 4.4 billion VND before tax, while the consolidated report lost more than 2.2 billion VND before tax due to a sharp decrease in revenue, especially in the export segment. Although the business has cut some expenses, business results are still declining.
CAN shares of Ha Long Canned Food have just been put under control by the Hanoi Stock Exchange due to late submission of the audited financial statements for 2025. The enterprise said it is coordinating with the investigating agency to clarify a number of cases related to production activities, finished product quality and input material management. In 2025, the company's net revenue reached more than 662 billion VND, down compared to both the plan and the previous year.
Previously, Hai Phong City Police prosecuted the General Director of Ha Long Canned Food Joint Stock Company and 3 employees related to the case of violating food safety regulations. See more...
Lam Dong affirms its position as the capital of Vietnamese silk
Lam Dong currently has more than 10,600 hectares of mulberry, an average increase of 6.7% per year, with cocoon production reaching more than 15,456 tons/year. Of which, more than 77% of the area uses hybrid mulberry varieties, new varieties and more than 2,000 hectares apply high technology, attracting about 17,000 households to participate in production.
Mulberry growing and silkworm farming are assessed to bring high economic efficiency thanks to low investment costs, fast capital recovery and stable job creation. Many households and businesses in Lam Dong have invested in modern silk incubators, typically the facility of Ms. Vu Thi Tuy in Dam Rong 3 commune with an investment capital of more than 21 billion VND, creating jobs for about 130 local workers. See more...
