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Monday, June 24, 2024

What’s in The Saigon Times Weekly this week

The Saigon Times

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Focus: Facing the global minimum tax: The day the global minimum tax takes effect is drawing near. Seminars have been held over the past two weeks, one after another, to discuss this topic. But a final say about whether Vietnam will uphold the tax has yet to be heard, putting FDI businesses under tenterhooks.

Inside Vietnam

In Rough Seas: Vietnam’s woodworking industry has performed poorly in the year to date. Its anxiety among local exporters and manufacturers has increased further as the market outlook remains as uncertain as ever. Restructuring production, cutting costs and finding niche markets are among measures for staying afloat and retaining employees in this difficult time.

Time For Debt Restructuring: One of the greatest concerns at the moment is the “time bomb” called corporate bonds, which may also affect the credit quality of the banking system. With a considerable volume of corporate bonds falling due in the rest of this year, what should banks do if issuing organizations fail to pay principal and interest on time?

Getting Back On Track: HCMC’s exports plunged to a 22-year low due to a nearly 17% year-on-year drop in the first quarter of this year, exposing the local manufacturing and export sectors to formidable challenges. Along with their efforts, businesses are seeking practical and timely support policies from the Government to get out of the current doldrums.

Business

The Return Of Hope: Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period.

Ample Room For Rice Exports: Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food.

Living

Back To Simple Life: Con Chim is a stunning island in the Mekong Delta province of Tra Vinh, known for its picturesque scenery, lush greenery and ponds for cultivating shrimp, fish and crab.

Coffee Is Not Just A Drink: For Vietnamese people, coffee is not just a drink. It is a way of life. Wherever you are, at whatever time of the day, there is not a street corner where you cannot find a cart or a coffee shop ready to serve you.

Travel

Ham Rong Cape – An Unspoiled Site At Phu Quoc Island: Ham Rong Cape is a famous destination on Phu Quoc Island, Kien Giang Province, surrounded by mangroves and pristine beaches, creating a wild landscape that attracts many tourists.

Reminiscing Flavor Of White Sardine Salad: It might not look as sophisticated as many other dishes, but the white sardine salad (goi ca mai) of the coastal city of Quy Nhon lures tourists with its sour, spicy, salty and sweet flavors.

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