PWC: IMPORT REQUIREMENTS FOR USED MACHINERY, EQUIPMENT AND PRODUCTION LINES
[30-11-2015] On 13 November 2015, the Ministry of Science and Technology (MoST) issued Circular 23/2015/TT-BKHCN (“Circular 23”) prescribing the requirements and procedures for importation of used machinery, equipment and production lines classified under Chapter 84, 85 (except for headings from 8440 to 8443). Circular 23 will take effect on 1 July 2016.
DELOITTE: NEW DECREE ON REGION-BASED MINIMUM WAGE LEVEL
[27-11-2015] The Government has recently issued Decree No. 122/2015/ND-CP ("Decree 122") dated 14 November 2015 replacing Decree No. 103/2014/ND-CP dated 11 November 2014 to stipulate the updated region-based minimum wage levels for all types of enterprises.
MINIMUM REGIONAL WAGE TO INCREASE FROM 2016
[23-11-2015] Since January 1, 2016, monthly minimum wage for employees will surge from VND 2.4 million (US$114) to VND 3.5 million (US$166), according to Decree 122/2015/ND-CP on monthly minimum wage for employees. The beneficiaries include employees who work for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers.
LABOUR QUALITY SHOULD BE IMPROVED TO SHARPEN COMPETITIVENESS
[23-11-2015] In the newsletter on Labour market published by the Ministry of Labour, Invalids and Social Affairs (MOLISA) in collaboration with the Vietnam General Statistics Office recently, indicators of market prospects and demand for labour from now until the end of 2015 were released, many of which are very significant indicators.
HOUSING LOANS DISBURSEMENT TO END SOON
[23-11-2015] The VND30-trillion (US$1.3 billion) housing stimulus package's disbursement will end in April as more than 70 per cent of it has been handed out, Construction Minister Trinh Dinh Dung said. Responding to a question by Huynh Thanh Lap, head of deputies from HCM City at the question and answer session of the National Assembly agenda.
DN LEGAL: DECREE (NO. 99) WHICH SETS OUT THE GUIDELINES TO IMPLEMENT THE HOUSING LAW
[24-11-2015] Decree 99 will become valid on 10 December. The most interesting are details what conditions foreigners must meet to purchase homes in Vietnam and where they can purchase.
OFFICE-TELS TIPPED TO TOP HCMC MARKET
[17-11-2015] Office-tel developments, which combine residential and commercial uses in one apartment, are mushrooming in HCM City and are expected to lead the market in future. Le Hoang Chau, chairman of the HCM City Real Estate Association, said many developers were now investing in office-tel projects unlike a few years ago, indicating the segment's popularity.
REAL ESTATE MARKET: SPECULATORS EMERGED
[17-11-2015] Recently the Vietnamese real estate market has experienced strong growth with plentiful supply across all segments and sectors. People now have more choices, trading is getting better and better. However, the market’s recovery doesn’t mean a peace of mind for investors, as the liquidity of the market is concentrated mainly on the medium and high-end segments.
