Gold price breaks out due to weak USD and trade tensions
Gold prices have just recorded their strongest increase in more than a month, as many macroeconomic factors at the same time boosted demand for precious metals.
The main driver for gold's price increase is the clear weakness of the USD, as this currency decreased sharply compared to many other major currencies.
At the same time, US Treasury yields also fell, with the 2-year yield falling by 2.6 basis points to 3.854%, while the 10-year yield falling by 5.7 basis points to 4.366%.
The combination of a weak US dollar and falling bond yields has created an ideal environment for gold, an asset that is often more favored when investment yields fall. See more...
Inter-canal disease in Hue is complicated, restaurant owners struggle because of declining customers
The Ministry of Finance speaks out about the roadmap to tax 20% on real estate sales interest
According to the Ministry of Finance, the current Law on Personal Income Tax (PIT) stipulates that the PIT for real estate transfers is 2% on the transfer price each time. However, many opinions say that this fee does not accurately reflect the nature of income from economic transactions and needs to be changed in the direction of taxing 20% on actual interest - that is, the difference between selling price minus purchase price and related costs.
Receiving comments, the draft Law on personal income tax (replacement) is currently being discussed by the Ministry of Finance with an additional plan to calculate a 20% tax on real estate taxable income. The Ministry of Finance said that preliminary calculations show that applying this method can ensure a tax rate equivalent to the current tax rate, and will be more beneficial in some cases where no interest or loss is incurred.
However, this conversion to tax calculation requires a suitable roadmap, associated with the level of completion of land, housing policies, database systems and information technology infrastructure for real estate registration and transfer. This is to ensure that tax authorities have enough information and legal basis to determine taxable income correctly. See more...
Lao Cai International Border Gate Customs collects over VND500 billion in budget
As of July, Lao Cai International Border Gate Customs (Rural Customs Branch VII) collected 526 billion VND in budget revenue, a sharp increase over the same period in 2024.
Since the beginning of 2025, Lao Cai International Border Gate Customs has carried out customs procedures for nearly 600 import-export enterprises; carried out procedures for nearly 64,300 vehicles, ensuring customs clearance is quick, convenient and in accordance with regulations.
Imported items mainly include agricultural products, candy, steel and steel products, machinery and mechanical equipment, fertilizers, chemicals, coal, etc. See more...
