GARMENT AND TEXTILE ENTERPRISES’ QUALMS OVER NEW WAGE AND SOCIAL INSURANCE POLICIES
The minimum wage increase, coupled with the increase for social insurance and union fees, is putting financial burdens on enterprises operating in labour-intensive sectors, such as the garment and textile sector.
POLICIES EFFECTIVE FROM OCTOBER
Sticket warning of contents for publications for children, online issuance of work permit to foreign workers Viet Nam, the exchange management of the business of prize-winning electronic games for foreigners were among new policies taking effect from October, 2017.
HCM CITY GRAPPLES WITH HIGH-RISE CONSTRUCTION BOOM
A high-rise boom in ever-growing HCM City is posing new management challenges for authorities, a construction official reported on Monday. Speaking at a nine-month review meeting on the southern city’s socio-economic development, the municipal Department of Construction Director Tran Trong Tuan said that approximately eight to 10 per cent of apartment buildings in the city were witnessing major conflicts between either the building’s investor and its management board or the investor and the apartment residents.
HIGH CREDIT GROWTH POSES RISKS
If credit growth reaches 21 - 22 per cent as expected, this will be the first year of such high growth since the 2009 - 2010 bubble period. Overheating credit growth is posing latent risks as money is being poured into real estate and underperforming industries.
REAL ESTATE MARKET WAITING FOR NEW CAPITAL FLOWS
Since the beginning of 2017, the real estate market of Vietnam has recovered its strength and become increasingly attractive to foreign investors with many large corporations accelerating their investment in Vietnam. According to many experts, in the last months of the year, cash flow into the sector will continue to increase sharply through the merger and acquisition (M & A).
NO HIKES IN TAXES, FEES AND CHARGES IN 2017
This is the attention-grabbing content of Resolution 84/NQ-CP of the Government, dated September 6, 2017. Accordingly, the Government requested the Ministry of Finance to coordinate with relevant ministries, branches and localities to carry out following requirements:
DRAFT LAW TO GLOBALISE LOGISTICS AREAS
Vietnam might, for the first time, allow 100 per cent foreign-invested firms in three logistics service areas, paving the way for an influx of foreign investment capital in the sector.
FIVE COMMERCIAL BANKS TO PILOT E-TAX PAYMENT
The General Department of Viet Nam Customs has choses five commercial banks namely Vietcombank, Vietinbank, VIDB, MB and Teckcombank to launch e-tax payment from November, 2017.
