Unexpectedly, the owner of Tan Tan peanuts; the company owned by the 'diamond tycoon' is fined.

On the evening of August 6th, during the 1070th draw of the Power 6/55 lottery, the Vietnam Computerized Lottery Company (Vietlott) found a customer who won the Jackpot 1 prize worth over 228 billion VND. According to Vietlott's announcement, the owner of the winning Power 6/55 Jackpot 1 ticket purchased the lottery ticket through the Vietlott SMS application connected to the Viettel network. (See details)

Shares of companies owned by Mr. Tran Ba ​​Duong and Mr. Le Viet Hai have been delisted from the HoSE.

Due to poor business performance, the shares of two companies owned by billionaire Tran Ba ​​Duong and Le Viet Hai suffered the same fate of being delisted from the HoSE stock exchange from September 6th.

Both companies had planned to list their shares on the UPCoM exchange if they were delisted from the HoSE exchange.

On the stock market, both HBC and HNG shares fell sharply after facing the risk of delisting. As of the end of trading on August 9th, HBC shares had dropped 30.3% in two weeks, while HNG shares had fallen 25% between July 11th and August 5th. (See details)

Another country recognizes Vietnam as a market economy .

According to information from the Trade Remedies Department ( Ministry of Industry and Trade ), on August 5th, with the approval of the President of Costa Rica, Mr. Rodrigo Chaves, the Minister of Foreign Trade of Costa Rica, Manuel Tovar, personally announced and handed over the diplomatic note regarding Costa Rica's recognition of Vietnam as a market economy at the headquarters of the Ministry of Industry and Trade.

Costa Rica has become the 73rd country to recognize Vietnam as a market economy. (See details)

Will stricter EU food safety regulations create difficulties for Vietnamese agricultural exports?

The Vietnam SPS Office has just sent a letter to the Plant Protection Department, the Veterinary Department (Ministry of Agriculture and Rural Development), the Vietnam Fruit and Vegetable Association, and the Vietnam Beekeeping Association regarding the EU's current consultation with WTO members on draft notifications related to increasing and decreasing the MRL (Maximum Residue Limit) of certain active ingredients.

Notably, the EU proposed reducing the MRL (Maximum Residue Limit) of Zoxamide in lettuce, spinach, and other leafy greens from 30 ppm to 0.01 ppm (equivalent to a 3,000-fold reduction). Accordingly, 0.01 ppm is the default level applied by the EU to active ingredients for which the market has not established an MRL and which are not included in the common database.

Many of Vietnam's key agricultural products, such as rice, coffee, pepper, and fruits and vegetables, are expected to face difficulties exporting to the EU as the market changes its food safety regulations, moving towards stricter controls. (See details)

Officially separating from EVN, the Power System Dispatch Center has a new name.

The Prime Minister has just issued decisions to separate the National Power System Dispatch Center (A0) from Vietnam Electricity Group (EVN) to establish the National Power System Operation and Electricity Market Company Limited (NSMO), which will then be transferred to the Ministry of Industry and Trade. (See details)

The Chairman of the State Capital Management Committee at Enterprises has just signed a decision appointing Mr. Nguyen Duc Ninh as the General Director of NSMO. The decision takes effect from August 5th. (See details)

The Ministry of Industry and Trade established an inspection team, and the company owned by the "diamond tycoon" was penalized.

The Ministry of Industry and Trade is inspecting 6 key petroleum businesses and 8 petroleum distributors. The General Department of Market Management has also been ordered to inspect 4 key businesses and 20 distributors suspected of violations. (See details)

The Ministry of Industry and Trade has handled 247 cases of violations related to the trading of these essential goods in the past 7 months.

In the first seven months of this year, market management forces inspected and penalized several key petroleum traders, including Thien Minh Duc Group Joint Stock Company, Appollo Oil Joint Stock Company, and Trung Linh Phat Limited Company. These three businesses violated the law regarding business conditions for key petroleum traders.

Among them, Thien Minh Duc Group is famous not only as a major distributor of petroleum products but also for being associated with the name of "diamond tycoon" Chu Dang Khoa - who served on the company's board of directors for many years and is also the son of the group's chairman, Ms. Chu Thi Thanh. (See details).

Why are so many people suddenly owing hundreds of millions of dong in personal income tax?

On the morning of August 5th, the Ministry of Finance responded to and clarified the issue of individuals with multiple income sources suddenly receiving notices from tax authorities demanding back taxes on personal income for many years, amounting to hundreds of millions of dong; nearly half of which is in the form of penalties and late payment fees.

Notably, many people, unintentionally failing to declare income of only a few hundred thousand dong, have been charged late payment penalties amounting to tens of millions of dong. (See details)

The State Bank of Vietnam's latest move on interest rates.

The State Bank of Vietnam (SBV) has unexpectedly adjusted downward the interest rates for open market operations (OMO) and treasury bills.

Accordingly, seven market participants borrowed nearly VND 13,669 billion from the State Bank of Vietnam (SBV) through the Open Market Operations (OMO) channel, with a 7-day term and an interest rate of 4.25% per annum, a decrease of 0.25% per annum compared to the previous session. Notably, this is the first time this year that the SBV has reduced the OMO interest rate. (See details)