SINGAPORE MAKES UP 60% OF APPROVED FDI IN PROPERTY SECTOR
[23-10-2015] ASEAN investors had registered a total of over US$16.6 billion in property projects in Vietnam as of June with Singapore firms accounting for 60%, according to the Foreign Investment Agency (FIA).
TEXTILE EXHIBITION ATTRACTS 125 FIRMS
[22-10-2015] The Viet Nam Textile and Garment exhibition, which opened in HCM City yesterday, has attracted 125 local and foreign companies who are showcasing their products and services. Firms from Taiwan, Hong Kong, India, Korea, Malaysia, Thailand, and Turkey have brought machinery for sewing, knitting, spinning, cutting and printing fabrics, processing fibres, and embroidering, garment accessories, dyes and other products.
APPAREL FIRMS INVEST IN TECHNOLOGIES TO PREPARE FOR TPP
[21-10-2015] Local textile and garment enterprises regard investments in modern technologies as a way to help them address challenges and compete as foreign enterprises are flocking to Vietnam to benefit from the Trans-Pacific Partnership (TPP).
PWC: ENFORCEMENT OF COLLECTION OF TRADE UNION FEES
[27-10-2015] Readers will be aware from our earlier NewsBriefs dated 16 January and 6 December 2013 that employers in Vietnam are required to pay trade union fees (“TUF”), and this requirement applies regardless of whether the company concerned has an in-house trade union or not.
SALARIES TO RISE WITH GDP GROWTH IN VIETNAM, SURVEY
[19-10-2015] The manufacturing industry is one of the three industries that will see the highest salary increase rate for the entire year of 2015. According to the “Vietnam Total Remuneration Survey 2015” released last week by Mercer and Talentnet Corporation, the chemical sector ranks first in the list with a rate of 10.3 per cent, while manufacturing and life sciences rank joint-second with a rate of 10.1 per cent.
APARTMENT BUILDING FEES UNDER DEBATE
[20-10-2015] Residents of high rise apartment buildings are concerned that management boards are squandering maintenance fees. According to the law, the owner of an apartment has to pay an extra two percent of the total apartment sale price for the maintenance of facilities inside the building.
IDLE MONEY EYES RESORT PROPERTIES AS INVESTMENT
[15-10-2015] Along with the warming up of the property market, idle money was eyeing resort property as a second home and an investment with promising returns. Industry experts found that owning a resort property as a second home was becoming a popular trend amid the country's socio-economic development boosting citizens' income, urging them to look for investment channels for their idle money.
SECTOR REQUESTS SUPPORT FOR SOCIAL HOUSING PROJECTS
[14-10-2015] Amidst the recovery of the property market, complicated procedures and capped profits have deterred investors from converting their projects into social housing projects, noted the HCM City Real Estate Association. The situation has put developers of many commercial projects that were registered in the past three years to be converted into social housing projects in a dilemma.
