NEW LAW CLEARS PATH FOR FOREIGN BUYERS
The new Law on Housing passed by the National Assembly will bring positive changes related to housing ownership of foreigners in Vietnam when it comes into effect in 2025. Talking with VIR, Le Tuan Anh, managing partner of DN Legal, said that foreigners’ right to buy and sell housing from fellow non-nationals is recognised in the new legislation, which was passed on November 27.
REGIONAL ECONOMIES TO SEE SLIGHT GROWTH NEXT YEAR – REPORT
The Mastercard Economics Institute (MEI) has expected modest growth across Asia Pacific in 2024, although regional economies may stabilize and key drivers like exports and tourism approach pre-pandemic levels. The region’s outlook, detailed in the report “Economic Outlook: Balancing Prices & Priorities”, forecast upward trends in economic performance in Singapore, Malaysia, the Philippines and Vietnam.
HONG KONG FOR VIETNAM: FINANCIAL GATEWAY TO GBA, ASIA AND THE WORLD
This is an event in a series of promotional activities organized by VCCI-HCM in collaboration with the Hong Kong Economic and Trade Office in Singapore (HKETOSIN) and Hong Kong Investment Promotion Bureau (InvestHK) to promote cooperation between Hong Kong - Ho Chi Minh City in particular and Hong Kong - Vietnam in general.
VIET NAM SHOULD EXTEND IMPLEMENTATION OF ECONOMIC SUPPORT PROGRAM INTO NEXT YEAR: WB
As Viet Nam’s economy still faces headwinds, the authorities could consider extending the implementation of the economic support program (2022-2023) into next year, suggested the World Bank (WB). In its Viet Nam Macro-monitoring November 2023, the WB noted that November data continued to show improvement in economic activities.
MULTIDIMENSIONAL POVERTY RATE TO REDUCE TO 2.93 PER CENT AT END OF 2023
The multidimensional poverty rate in Vietnam will reduce to 2.93 per cent in 2023, a drop of 1.1 percentage points compared to last year, according to the Government’s report on the implementation of the national programme on sustainable poverty reduction.
VIET NAM-U.S. TRADE EXCEEDS US$100 BLN IN 11 MONTHS
Bilateral trade between Viet Nam and the U.S. hit US$100.62 billion over the last 11 months of this year amidst the global trade slowdown. The above figure was announced at the U.S.-Viet Nam Trade and Investment Framework Agreement (TIFA) Joint Council Meeting that took place in Ha Noi on December 6.
VCCI PROPOSES REMOVING DRAFT REGULATION ON LOAN INTEREST EXPENSE CAP
Management authorities should not try to restrict the thin capitalisation of domestic enterprises by applying a loan interest expense cap regulation, the Vietnam Chamber of Commerce and Industry (VCCI) said. The Ministry of Finance (MoF) is collecting comments on a draft decree that amends and supplements Decree 132/2020/NĐ-CP on tax management for enterprises with associated transactions.
PUBLIC INVESTMENT STOCKS ARE EVEN MORE ATTRACTIVE
Public investment disbursement is in the final stretch. At the regular Government meeting held on December 6, Prime Minister Phạm Minh Chính said that there is very little time left in 2023, while there are many unfinished tasks. Therefore, the PM requested government members to propose solutions to achieve the set objectives.
