HCM CITY PROPOSES TO EASE HOUSE OWNERSHIP TO OVERSEAS VIETNAMESE
Hindrance on granting house ownership certificates to overseas Vietnamese should be removed to encourage the investment into the local real estate market, Ho Chi Minh City People’s Committee said.
TEXTILE, GARMENT EXPO TO BE HELD IN HCMC
The 17th edition of Viet Nam International Textile & Garment Industry Exhibition and Viet Nam International Textile & Apparel Accessories Exhibition, or VTG 2017 will be held in HCMC from November 22 - 25 with the participation of 400 exhibitors from 14 countries and territories.
SINGLE WINDOW IN AVIATION TO BE IMPLEMENTED NATIONWIDE
The General Department of Customs said aviation procedures for entries and exits of aircrafts at all international airports nationwide would be connected to the National Single Window system from November 15.
NEW REGULATIONS ON USE OF CREDIT CARDS
Credit cardholders will not be allowed to withdraw cash worth of more than VND5 million for domestic transactions and no more than VND30 million for foreign currency.
CITY TO AUCTION LAND FOR BUILD-TRANSFER PROJECTS
HCM City plans to put projects under the Build-Transfer (BT) investment model under more scrutiny by auctioning land instead of offering it in exchange for infrastructure.
A PROSPEROUS YEAR FOR VIỆT NAM’S BANKING INDUSTRY
Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast. Financial reports from banks showed that although two months still remain until the end of the year, many banks have already met profit targets set for the whole of 2017.
CITY EYES LARGE TAX ON SECOND HOMES
The HCM City People’s Committee has proposed that the Ministry of Construction apply a high tax on second and subsequent homes, as well as when there are a high number of real estate transactions within a year.
HCMC MULLS HIGHER TAX ON SPECULATIVE PROPERTY TRADING
The HCMC Government has proposed the Ministry of Construction increase the property tax on owners of the second home and land lot that change hands within a year, an apparent move which is aimed at warding off real estate speculation.
