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MARKET NEWS FOR MAY 22
◆ Domestic gasoline prices rise sharply, global oil prices fall
E10 gasoline prices in the country increased by more than 1,400 VND per liter from 3 PM on May 21, while global oil prices dropped to the lowest level in nearly two weeks due to concerns over weak demand and increased supply from the US.
◆ Bitcoin may have bottomed out at $60,000
Bitcoin may have bottomed out at $60,000 in February; the recovery could continue despite significant volatility, affecting investor sentiment and the cryptocurrency market.
◆ Monthly income above 28.6 million VND must pay tax
The Ministry of Finance proposes that only incomes exceeding 28.63 million VND per month are subject to personal income tax, reducing the tax burden and stimulating domestic consumption.
◆ Tax sector launches 'clean-up' campaign for tax codes
The tax sector is implementing a campaign to handle outstanding tax codes and businesses that have disappeared, aiming to improve transparency and efficiency of the tax system, and increase state revenue.
◆ Global gold prices decline as USD and bond yields rise
Global gold prices decreased due to the strengthening US dollar and rising US bond yields, impacting the domestic gold market and investors' investment decisions.