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VinFast’s revenue growth is fast, but the electric-vehicle maker’s costs grow faster. Vietnam’s Tesla challenger is building a $2 billion manufacturing plant in North Carolina, is poised to ...
The trial in Vietnam's largest financial fraud case on record began on Tuesday, with nearly 90 defendants accused of being part of a $12 billion scam, for which some of them risk the death penalty.
Real estate tycoon Truong My Lan, who was sentenced to death Thursday by a court in Ho Chi Minh city for orchestrating the country’s largest ever financial fraud case, was one of Vietnam's most ...
The Ministry of Finance ( MOF, Vietnamese: Bộ Tài chính) is the government ministry responsible for the finances of Vietnam, including managing the national budget, tax revenue, state assets, national financial reserves and the finances of state corporations. The Ministry manages the work of national accounting, state borrowing, the ...
The economy of Vietnam is a developing mixed socialist-oriented market economy. [25] It is the 35th-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
Truong My Lan was convicted of taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some ...
Vietnam joined the International Monetary Fund (IMF) on September 21, 1956, under the policy of Article VIII. [1] Their quota contributes an estimated SDR of 1,153 millions and voting power of 0.24%. [2] As of August 2016, the current IMF Resident Representative to Vietnam is Jonathan Dunn. [3]
November 26, 2023 at 9:36 PM. HANOI (Reuters) - Vietnam's parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15 ...