HA NOI (VNS)—
Experts called for the corporate income tax (CIT) to be cut from 25 per
cent to 20 per cent as soon as next year to help enterprises overcome
the economic downturn and accelerate production. SEE MORE Asian currencies headed for a fourth
weekly gain, led by South Korea’s won, after a slew of data
suggested the worst may be over for the global economy. SEE MORE Gold prices in the domestic market decreased sharply yesterday to
less than VND46 million (US$2,190) per tael, falling to two-month low,
bucking the world market’s upward trend. SEE MORE Yesterday morning, the DOJI Group announced a selling price of
VND46.12 million per tael ($2,196) (one tael is equivalent to 0.5oz)
then lowering to VND45.95 million ($ 2,188). The Sai Gon Jewellery
Company (SJC) price reduced VND320,000-440,000 per tael. SEE MORE Naphtha's prompt timespreads have been trading in narrow backwardations
of US$8.25-9.50/ton since the beginning of October because of sliding
gasoline values in Europe. Meanwhile, naphtha's CFR Japan November swap
stood US$8/ton higher at US$935. Naphtha's November and December
East-West (EW) spreads, the differential between Asian and European
prices, were at US$2 and US$8/ton respectively. SEE MORE