HA NOI PROPERTY MARKET TO REBOUND
[12-01-2915] Experts at foreign property consulting firms expect the property market in Ha Noi to rebound strongly this year, owing to robust sales of apartments during the last quarter of 2014. The Savills Viet Nam Ltd Company pointed out that six new housing projects, with approximately 2,900 units, have been launched recently. This reflects the highest number since the second quarter of 2013.
NEW HCM CITY SYSTEM TO PROCESS INVESTMENT CERTIFICATES
[09-01-2015] HCM City's Department of Planning and Investment is expected to implement the use of an electronic ISO system for processing investment certificates before January 15. On January 7, People's Committee Vice Chairman Le Manh Ha asked the municipal department of information and communications, in co-operation with the department of planning and investment, to complete the general design of the foreign investment management system, and implement the electronic ISO application.
HCM CITY HOUSING MARKET PERFORMED STRONGLY IN Q4
[09-01-2015] The housing market in this southern city performed strongly during the fourth quarter of last year, according to a Savills Viet Nam report released on January 8. The total villa/townhouse transactions during the fourth quarter surged sharply by 56 per cent quarter-on-quarter, and the absorption rate for this segment was 37 per cent, up 3 percentage points from the previous quarter.
NEW POLICIES TAKE EFFECT IN JANUARY
[08-01-2015] Policies on increasing minimum wage, health insurance payment, personnel cuts, and plant quarantine have come into effect since January 2015. Regional minimum wage increases. The new Decree on monthly minimum wage for employees working for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers has been applied since January 1, 2015.
PWC: PRUDENTIAL RATIOS FOR THE OPERATIONS OF CREDIT INSTITUTIONS
[08-01-2015] After a long time looking into those practical issues that the Vietnam banking system has been facing, on 20 November 2014, the State Bank of Vietnam (“the SBV”) issued Circular 36/2014/TT-NHNN (“Circular 36”) regulating prudential ratios for the operations of credit institutions (“CIs”) and foreign bank branches.
UPDATED POLICIES ON FOREIGNERS
[04-01-2015] A string of fresh policies on foreign-related elements were introduced in 2014 including foreign strategic investors, sub-lease of job, preferential corporate tax, international goods trading activities with foreigners, temporary import for re-export, and indirect investment capital account.
FOREIGN CAPITAL TO RETURN TO REAL ESTATE MARKET IN 2015
[05-01-2015] The year 2014, which witnessed the recovery of foreign capital inflow to the real estate sector, also saw money for registered investment projects disbursed. Analysts feared that the Vietnamese real estate market would no longer be attractive to foreign investors, particularly after flows dropped substantially in the last few years, after reaching a peak of $23.6 billion in 2008.
CAM RANH AIRPORT TO REFUND VAT TO FOREIGNERS LEAVING VIETNAM FROM JAN 6
[03-01-2015] Cam Ranh International Airport in the south-central province of Khanh Hoa will officially open its VAT refund booth for foreigners next week, six months after it received approval from the Prime Minister to do so. The Khanh Hoa branch of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has been allowed by the Ministry of Finance to handle VAT refund receipts for foreigners at the airport, starting on January 6, according to Dinh Van Luan, deputy head of the provincial customs.
