CONSTRUCTION RULES TO BE CUT
The Ministry of Construction is preparing to propose huge changes in construction regulations in order to improve the climate for construction and real estate business.
INFRASTRUCTURE VITAL FOR FOREIGN INVESTMENT ATTRACTION
Infrastructure plays a key role in whether foreign investors decide to make an investment in Vietnam or not, heard a conference on infrastructure development in HCMC on December 7.
HOTEL REAL ESTATE NEEDS BETTER PLANS
Viet Nam’s hotel and resort real estate needs to have a comprehensive plan to ensure its development is on the right track. According to Mauro Gasparotti, director of Savills Hotels Asia Pacific, the hotel and resort property market of Viet Nam was growing, driven by strong increase in the number of foreign tourist arrivals in recent years.
HCM CITY ISSUES NEW LAND DIVISION REGULATIONS
HCM City People’s Committee has issued new land division regulations which allow large plots of land to be divided into smaller plots, including land plots that have been part of delayed plans that have yet to be implemented.
VAT REFUND PROCESS NEEDS SIMPLIFYING: EXPERTS
Experts have urged simplifying the procedures to receive refunds on value-added tax (VAT) for foreign tourists. Speaking at a seminar on VAT refunds on Wednesday in HCM City, Dr. Pham Trung Luong, vice chairman of the Viet Nam Tourism Education Association, said that VAT refunds encourage tourism and boost visitors’ spending, but the procedures to receive refunds in Viet Nam was unclear and inconsistent.
DELOITTE: TAX ALERT - VIETNAM CUSTOMS AND GLOBAL TRADE ALERT A FRESH PERSPECTIVE
Customs legislation of all levels (Law, Decree and Circular) are currently under review, of which some are expected to be issued and effective in the soon time. By this Alert, we would like to update the Client 02 of the main proposed changes that may have significant impact to your business, specifically:
POLICIES COME INTO FORCE SINCE DECEMBER
A string of new policies on administrative penalties on measurement, management of State budget on external activities, and supervision of stock transactions will come into effect since December 2017.
NEW CROSS-HOLDING RULE TO HIT BANKS
A new law is set to ban bank owners in Vietnam from taking up senior positions at non-financial firms, a move aimed at overhauling the banking sector, which has been mired in cross-holding controversy.
