Yen decreases
According to Lao Dong, on June 4, the Japanese Yen (JPY) continued to weaken against the US Dollar (USD), marking the second consecutive day of decline and reaching the lowest level of the week.
The main reason comes from the cautious statement of the Governor of the Bank of Japan (BoJ) Kazuo Ueda yesterday, causing the market to reduce expectations of the BoJ to soon raise interest rates. See more...
Some businesses in Ho Chi Minh City refuse to accept bank transfers
Visiting a clothing store on Binh Dong Street (District 8), Ms. Le My Phuong chose a satisfactory item with a bill of nearly 1.5 million VND. However, when paying, the staff informed the store that they would not accept transfers to invoices over 1 million VND and asked them not to record content such as "buy and sell", "pay", "buy goods" in the transaction.
"I was quite surprised because before, the store still accepted transfers normally. With this requirement, I had to leave an item because I did not have enough cash, Ms. Phuong shared.
A similar situation also occurred at a restaurant in District 10, where a sign was posted "Please pay in cash". Mr. Nguyen Quang (residing in District 10) said: "I planned to buy food but saw the notice so I stopped. When asked why, the restaurant just shook its head.
According to Lao Dong newspaper, the phenomenon of refusing to transfer money is not popular, but has begun to appear in some small stores and restaurants, especially those run by large traders. Some locations have suspended transfers without explaining a clear reason. See more...
Durian exports plummet, solutions to regain the position of billion-dollar fruits
No need to use a money computer, business households still worry about paying taxes
From June 1, 2025, a series of new regulations related to electronic invoices will officially take effect. In particular, business households with revenue from 1 billion VND/year in the fields of retail, food and beverage, hospitality, transportation, etc. are encouraged to use electronic invoices generated from connected cash registers and transfer data to tax authorities. However, according to Circular 32/2025/TT-BTC recently issued by the Ministry of Finance, the use of cash registers is not mandatory for households that have registered to use electronic invoices before June 1, 2025.
However, many small business households are still concerned that the implementation of the new regulation will create additional costs and management pressure.
Running a breakfast restaurant in Cau Giay (Hanoi), Ms. T.T.N.T shared: In the past, customers often transferred excess money to exchange cash, but I still returned it comfortably. But now, if the software records more revenue than it actually does, I could be charged a tax on that excess amount.
According to her, from June 1, although it is not mandatory to switch to calculating money, if not done in time, false revenue declaration can still occur. "I was forced to ask customers to transfer the correct amount of money, minimizing data errors" - she said. See more...
