BANKS SKEPTICAL OF BOT TRANSPORT PROJECT RELIEF
“It is difficult to restructure the debt repayment period as banks are not ready and are concerned about risks. BOT transport is not a priority for them,” Le Duc Khanh, director of the market strategy department at PetroVietnam Securities, told VIR. “However, powerful state-run banks would have to follow a government order.”
VIETNAM TO RAISE PIT THRESHOLD FROM VND9 MILLION TO VND11 MILLION
The Standing Committee of the National Assembly (NA) has approved the government’s proposal to raise the personal income tax threshold from VND9 million (US$389) per month to VND11 million (US$475), according to Nguyen Truong Giang, deputy chairman of the NA’s Legal Committee and deputy general secretary of the NA.
FOREIGNERS STRANDED IN VIETNAM CAN STAY UNTIL JUNE 30
Foreigners who entered Vietnam under visa waiver programs, tourist visas or e-visas from March 1 and are unable to leave Vietnam due to Covid-19 will have their temporary residence permits automatically extended until June 30.
VIETNAM GRANTS AUTOMATIC VISA EXTENSION FOR FOREIGNERS UNTIL JUNE 30 WITHOUT ANY FEE
The Immigration Department announced on Monday all stay permits for these people will be automatically extended and do not need to be renewed.
CALL FOR MEMBERSHIP FOR VBF POWER & ENERGY WORKING GROUP
The VBF Power & Energy Working Group (“VBF PEWG”), established in 2011, is a platform under the Vietnam Business Forum Consortium, serving as a policy dialogue channel between the Vietnam’s relevant government authorities and the private sector towards a sustainable energy development in Vietnam.
GOOD INFRASTRUCTURE GIVES A BOOST TO REAL ESTATE IN EASTERN HANOI
Transport projects, including the extended Highway No 5, the intersection of the Ring Road 3 with the Hanoi- Hai Phong and Co Linh motorway, and phase 2 of Vinh Tuy Bridge, will be built from 2020-24. Phase 2 of Vinh Tuy Bridge will cost a total of 2.5 trillion VND (106.5 million USD).
VN CONTINUES TO CLOSE BORDERS TO FOREIGN TOURISTS
Competent authorities are required to continue strict entry control and quarantine regulations to deter community transission. Foreign investors, experts, skilled workers, business managers, officials, and Vietnamese students learing aborad are allowed to enter the nation but they must comply with the nation’s quarantine regulations.
INDUSTRIAL PARK DEVELOPERS IMMUNE TO COVID-19
Industrial park infrastructure development companies continue to do well amid the Covid-19 pandemic, and the industrial property sector is expected to thrive since Việt Nam is considered among the most attractive investment destinations post-pandemic.
