DEVELOPERS DINE ON INDUSTRIAL LAND
As Vietnam has emerged as an attractive option for companies seeking to diversify their manufacturing operations, industrial zone developers are planning to expand their land banks to welcome new investments heading to the country.
VIETNAM PREPARES TO RESUME SELECT INTERNATIONAL FLIGHTS
The Civil Aviation Administration of Vietnam (CAAV) has also been tasked with proposing a specific time frame for resuming the flights on a bilateral basis to restore trade and investment activities and revive the tourism industry while ensuring strict maintenance of anti-pandemic measures.
GOV’T TO ISSUE E-VISA TO CITIZENS FROM 80 COUNTRIES SINCE JULY
vernment has issued e-visa to citizens from 80 countries since July 1 this year, according to its latest Resolution No. 79/NQ-CP. Visitors with e-visas can enter Viet Nam at eight international airports, or arrive via land at 16 international border gates and via sea at 13 ports across the country.
REAL ESTATE FIRMS GEAR UP FOR THE RACE AFTER PANDEMIC
Property firms are gearing up to tap opportunities from the post-pandemic recovery of the real estate market, which was predicted to soon get back on its feet.
LEGAL WRANGLING OVER FOL REIGNITED
Despite the changes to the Law on Housing and foreign ownership caps five years ago, real estate developers now show an increasing demand to revise regulations and increase the cap even more, to up to 50 per cent. However, revisions will be tough to put into practice, even if the suggestion is recognised by the government.
BANKS SKEPTICAL OF BOT TRANSPORT PROJECT RELIEF
“It is difficult to restructure the debt repayment period as banks are not ready and are concerned about risks. BOT transport is not a priority for them,” Le Duc Khanh, director of the market strategy department at PetroVietnam Securities, told VIR. “However, powerful state-run banks would have to follow a government order.”
VIETNAM TO RAISE PIT THRESHOLD FROM VND9 MILLION TO VND11 MILLION
The Standing Committee of the National Assembly (NA) has approved the government’s proposal to raise the personal income tax threshold from VND9 million (US$389) per month to VND11 million (US$475), according to Nguyen Truong Giang, deputy chairman of the NA’s Legal Committee and deputy general secretary of the NA.
FOREIGNERS STRANDED IN VIETNAM CAN STAY UNTIL JUNE 30
Foreigners who entered Vietnam under visa waiver programs, tourist visas or e-visas from March 1 and are unable to leave Vietnam due to Covid-19 will have their temporary residence permits automatically extended until June 30.
