World gold price increases
Gold prices are supported by a weakening USD and increased concerns after the news that US President Donald Trump is considering replacing US Federal Reserve Chairman Jerome Powell in September or October.
Investors are concerned about the Fed's independent future, boosting demand for gold - a safe-haven asset.
The Dollar Index fell to its lowest level since March 2022, making gold more attractive to buyers holding other currencies.
Expert Tim Waterer - Director of Market Analysis at KCM Trade - commented: "Mr. Trump clearly wants a more dovish Fed Chairman. The increased possibility of the Fed cutting interest rates more aggressively has weakened the USD. See more...
Publicly disclosing 399 tax-yed enterprises in Nghe An
On June 26, according to information from the Tax Department of Region X, the Vinh City Tax Team has just issued Notice No. 9055 publicly announcing the list of taxpayers who still owe taxes and other revenues to the state budget in Nghe An province.
Accordingly, 399 enterprises still owe taxes and state budget revenues until May 31, 2025, with a total debt of more than 49 billion VND.
In this list, many businesses have large tax debts, lasting for many years, despite announcements and reminders from tax authorities. Notably, Thanh Vinh Investment, Production and Trading Joint Stock Company (located in Hung Binh Ward, Vinh City) leads with a tax debt of more than 4.1 billion VND.
Some other enterprises also have large debts such as: Central Consulting and Construction Joint Stock Company (Hung Binh Ward, Vinh City) owes more than 2.2 billion VND; Linh Bao Company Limited (Le Loi Ward, Vinh City) owes nearly 1.7 billion VND. Dozens of other enterprises owe from a few hundred million to more than 1.5 billion VND. See more...
Yen breaks out
According to Lao Dong, on June 26, the Japanese Yen (JPY) continued to increase strongly against the US Dollar (USD), dragging the USD/JPY pair to its lowest level in nearly two weeks.
The main reason is the increased demand for safe-haven assets amid many uncertainties in the US and expectations that the Bank of Japan (BoJ) will continue to raise interest rates. See more...
Surprising reason why many traders at fashion markets are still closed
At the end of June, after about a month since the authorities tightened the inspection of the origin of goods and the new tax regulations were applied, many traders at Ninh Hiep fashion unit market (Gia Lam, Hanoi) have not reopened.
Known as one of the largest fashion unit markets in the North, Ninh Hiep is currently more deserted than usual when the number of customers has decreased, the number of stores are operating less significantly.
Ms. Thuong (39 years old) - a long-time trader at the market - said that she was quite confused at first when she heard information about the new tax policy. However, after being instructed by the tax officer to declare and switch from contract tax to tax according to revenue, her business activities still functioned normally.
Only those who have not fully registered for business or have not prepared valid documents will face difficulties during this period. If it is clearly declared, there is nothing to worry about" - Ms. Thuong said. See more...
