Business News

[16-03-2015] Foreign developers have returned to the Vietnamese real estate market with a series of significant investments. Apart from existing experienced real estate developers eager to expand their portfolios, recent times have seen the emergence of new companies willing to test their ambitious development plans.

[13-03-2015] The Ministry of Transport has sent the Government its plans to sell majority State stakes at Saigon and Haiphong ports to Vingroup Joint Stock Company (Vingroup) and if they are approved, the restructuring and equitization plans for Vietnam National Shipping Lines (Vinalines) and Saigon Port would change considerably.

[12-03-2015] Investors of foreign-investment housing projects, who have not handed over the units to the buyers, will not be allowed to collect more than half of the apartment's value. This is part of a draft regulation of the construction ministry - prepared on the basis of the law on the real estate business – that is now inviting public opinion.

[11-03-2015] Recently, the Vietnam Chamber of Commerce and Industry (VCCI), in collaboration with the International Labour Office (ILO) in Vietnam, held the launching ceremony of VCCI Annual Report on the Labour Market Project in Hanoi. Making opening remarks, Dr Vu Tien Loc, VCCI President said: "Labour is playing an increasingly important role in the development of enterprises and the economy.

[16-03-2015] • Foreign Contractor Withholding Tax, 25 pages, March 2015
• Corporate Income Tax, 41 pages, November 2014
• Value Added Tax, 25 pages, May 2014
• Personal Income Tax, 31 pages, November 2014

[13-03-2015] TheMinistry of Financeissued Circular 26/2015/TT-BTCon 27 February 2015 (“Ci rcular 26”) providing guidance on the valueadded tax and tax administration changes as promulgated under Decree 12/2015/ND- CP (please refer to ourNews Brief dated 27 February 2015) and amending, supplementing some provisions under Circular 39/2014/TT-BTCon invoicing. A separate Ci rcular will be issuedto provide guidance on corporateincome tax.

[09-03-2015] The number of new property trading firms established during January and February this year surged 88.8% from the same period last year, according to the General Statistics Office. The real-estate sector also saw a large number of firms resuming operations, up 52.8% from a year ago.

[10-03-2015] The Alert update on Circular No. 26/2015/TT-BTC, dated 27 February 2015 by the Ministry of Finance, providing detailed guidance on VAT and Tax administration under Decree 12/2015/ND-CP on the implementation of the Law 71/2014/QH13, and amending, supplementing a number of articles from the Circular 34/2014/TT-BTC on invoice for goods and services. This Circular is in effect from 1 January 2015.