HIGHLIGHTED NEWS
In the draft Law on Tax Administration (amended), the Ministry of Finance proposed to adjust the scope of subjects eligible for tax debt cancellation, only applying to cases of real force majeure. Specifically, the subjects include enterprises or cooperatives that have gone bankrupt under the Bankruptcy Law and have no assets to pay; individuals who have died or lost civil capacity, have no assets, including inherited assets, to fulfill tax obligations. In addition, tax debts that have lasted for more than 10 years, despite the application of sufficient enforcement measures but still cannot be recovered, will also be considered for cancellation, but if they return to business, they will have to repay the previously canceled debt. For debts arising from natural disasters, catastrophes or widespread epidemics that cause serious damage and make it impossible to restore production and business, taxpayers can also be exempted from obligations. In parallel, the draft adds regulations to tighten the tax assessment mechanism. The draft also stipulates a monitoring mechanism, with the Chairman of the Provincial People's Committee reporting to the People's Council of the same level on the results of debt cancellation. The Ministry of Finance believes that these amendments will enhance transparency and feasibility in tax management, while creating a clear legal corridor for tax authorities to strictly determine tax obligations, in accordance with international practices.
TRADING STRATEGY
The stock market continued to recover, reaching 1,672 points with improved liquidity compared to the previous trading session. Divergence between groups and industries appeared. Cash flow tended to concentrate on a number of individual stocks in the finance, F&B, technology, industrial services, and retail sectors. Meanwhile, selling pressure returned to leading stocks in the real estate, basic resources, oil and gas, and utilities sectors. Today's VN-index is likely to fluctuate around the 1,660 - 1,680 point range.
The market had its second consecutive gain after successfully defending the psychological support zone around 1,600 points. Cash flow returned to a selective differentiation state with the destination still being individual stocks that are assessed to have promising business results in the third quarter or have supporting fundamental information. Foreign investors sold a record net (excluding negotiated transactions). The VN-Index is still in a medium- and long-term uptrend. However, in the short term, investors should still prioritize individual management of each stock in the portfolio, instead of focusing too much on the general index; it is possible to consider taking profits/partially reducing the proportion of stocks that have met profit expectations or the recovery momentum shows signs of weakening. New purchases should prioritize stocks with stable price bases, reasonable valuations or supporting fundamental factors, limiting widespread investment.
Investor can see the full Newsletter below:
