Stocks Archive

Funds raise concerns over tax rules

Posted July 14, 2015 By stoccato
Representatives of investment funds raised concerns over the nation’s tax regimes in a recent meeting in New York, saying that income tax regulations were hindering them from promoting investment.

Current tax policy discouraged investors to put money into private equity funds and also limited the accessibility of capital in these funds, they said.

Foreign individual and organisational investors (along with domestic individual investors) are imposed a tax of 0.1 per cent on every fund transaction, while domestic organisations are only required to pay a tax of 25 per cent on actual capital gains and domestic individual investors only 20 per cent.

Read the remainder of this entry »

Stocks fell by midday on Tursday, with positive news on inflation and a fuel price cut failing to revive buying interest, a broker and an analyst said on Thursday.

The government estimated that inflation fell below 10 percent in May for the first time since October 2010, which could give the central bank more room to ease policy to boost flagging growth.

On Wednesday, a state-run newspaper reported the government cut retail petrol prices for the second time this month.

Read the remainder of this entry »

Developer refuses to file bankruptcy

Posted December 11, 2014 By stoccato

Investment General Corporation (SHN) will not file for voluntary bankruptcy despite being short of cash and burdened with a high bad debt ratio, said CEO Dinh Hong Long at the company’s shareholders meeting this week.

SHN has been on the verge of bankruptcy since the beginning of this year, when information leaked that the company would unlikely recover debt due from Beta BQP Joint Stock Co worth a total of VND238 billion (US$11.3 million).

Read the remainder of this entry »