Business News

[10-06-2015] The Vietnam property market is becoming more vibrant, which helps increase the liquidity of the market. As the supply and demand of the market are growing, competition will become fiercer; supply continues to be raised and people believe that the market is entering a new race.

[16-06-2015] Frasers' newsletter is designed to provide you with practical and commercial legal news in relation to key legal developments in Vietnam, and how such developments may affect you and your business. Frasers' newsletter is designed to be an interesting and informative read, but does not constitute legal advice. If you would like further information on any of the subjects discussed in newsletter, please contact Frasers on email: legalenquiries@frasersvn.com.

[10-06-2015] The General Department od Taxation (''GDT'') recently has assessed the actual preformance of tax audit, tax inspection and tax debt for the first 4 months of 2015, and proposed an action plan for the rest of 2015 in order to reach the outline target of state budget collection and tax audit base on risk management methodology.

[09-06-2015] The Vietnamese government has green-lighted several proposals, including waiving visas for more nations, to revive the country’s troubled tourist industry. The Vietnam National Administration of Tourism (VNAT) and the Ministry of Culture, Sports, and Tourism have repeatedly called on the government to enact measures to ‘save’ the tourist industry, which has reported declining tourist arrival numbers for 12 months in a row, since May 2014.

[08-06-0215] The high-end property segment is warming up along with the recovery of the realty market this year. Many high-profile projects have started construction or have been released for sale, attracting a large number of buyers due to the promise of profits.

[05-06-2015] Foreign investors have shown rising interest in Vietnam’s property market due to a lack of alternative markets and the nation’s attractive rental yields, said a CapitaLand senior executive. With the lacklustre performance of real estate markets in the region, Vietnam has the high possibility of taking over other regional property markets.

[04-06-0215] Viet Nam's leading real estate developer and fund manager Indochina Land has announced its exit from a portion of its Indochina Land Holdings 2 (ILH2) portfolio. The property company said several assets have been sold, as part of its unwinding process, to a fund managed by Gaw Capital Partners (Gaw), a real estate fund manager head-quartered in Hong Kong.

[05-06-2015] Prime Minister Nguyen Tan Dung has approved the establishment of Ha Noi Industrial Garment and Textile University, which was originally Ha Noi College for Textile, Garment and Fashion in Ha Noi. The university will operate as a self-run model under the management of the education and training ministry.