PROPERTY TARIFF NECESSARILY FORMULATED
At the recent Vietnam Finance Forum 2017 in Hanoi, many economists pointed out that it is time to reform the national financial system and focus on tariffs such as added value (VAT) and commodity tax to ensure a sustainable source of funding.
REAL ESTATE MARKET SCHEME SUBMITTED TO THE GOVERNMENT
To shape a stable, transparent, non-speculative and non-bubble real estate market, the Ministry of Construction is completing the project on “Assessing the market, forecasting medium-term trends, proposing solutions and mechanisms to promote stable and healthy market development” to submit to the Prime Minister in late 2017.
HCM CITY PLANS 7 INFRASTRUCTURE PROJECTS
Upgrading old buildings and relocating households living near canals are among the major projects that HCM City aims to carry out now and in the near future, according to city authorities.
GARMENT AND TEXTILE ENTERPRISES’ QUALMS OVER NEW WAGE AND SOCIAL INSURANCE POLICIES
The minimum wage increase, coupled with the increase for social insurance and union fees, is putting financial burdens on enterprises operating in labour-intensive sectors, such as the garment and textile sector.
POLICIES EFFECTIVE FROM OCTOBER
Sticket warning of contents for publications for children, online issuance of work permit to foreign workers Viet Nam, the exchange management of the business of prize-winning electronic games for foreigners were among new policies taking effect from October, 2017.
HCM CITY GRAPPLES WITH HIGH-RISE CONSTRUCTION BOOM
A high-rise boom in ever-growing HCM City is posing new management challenges for authorities, a construction official reported on Monday. Speaking at a nine-month review meeting on the southern city’s socio-economic development, the municipal Department of Construction Director Tran Trong Tuan said that approximately eight to 10 per cent of apartment buildings in the city were witnessing major conflicts between either the building’s investor and its management board or the investor and the apartment residents.
HIGH CREDIT GROWTH POSES RISKS
If credit growth reaches 21 - 22 per cent as expected, this will be the first year of such high growth since the 2009 - 2010 bubble period. Overheating credit growth is posing latent risks as money is being poured into real estate and underperforming industries.
REAL ESTATE MARKET WAITING FOR NEW CAPITAL FLOWS
Since the beginning of 2017, the real estate market of Vietnam has recovered its strength and become increasingly attractive to foreign investors with many large corporations accelerating their investment in Vietnam. According to many experts, in the last months of the year, cash flow into the sector will continue to increase sharply through the merger and acquisition (M & A).
