LEGAL UPDATE: DID YOU KNOW THAT THE GOVERNMENT HAS ISSUED TWO VERY IMPORTANT DECREES?
[21-09-2015] The first is the decree guiding the law of real estate business (Decree No. 76/2015/ND-CP dated 10 September 2015). Some of the key guidelines include:
NEW REGULATIONS ON REAL ESTATE BUSINESS RELEASED
[16-09-2015] The Government recently issued a decree guiding the implementation of the Law on Real Estate Business. The new decree stipulates conditions on real estate business, contract samples, contract transfer, and procedures for transfer of real estate projects.
MINISTRY PROPOSES MINIMUM WAGE RISE FOR 2016
[12-09-2015] The minimum wage may increase by VND 250,000 – 400,000 (nearly US$12.5–20) since 2016, according to the draft decree prepared by the Ministry of Labor–Invalids and Social Affairs. The draft decree was introduced after the National Salary Council (NSC) on September 3 agreed to a 12.4% increase in minimum wage for 2016.
NEW REGULATIONS FOR DUTY-FREE GOODS APPLICABLE SINCE NOVEMBER
[12-09-2015] Since November 1, 2015, airline passengers would be able to purchase duty-free goods on international flights to Viet Nam. This is part of Decision No. 39/2015/QD-TTg which requires that the airlines must be set up and operate in accordance with Vietnamese law.
DOWNLOAD PRESENTATIONS OF HSBC ANNUAL BUSINESS LUNCHEON "STEP INTO THE FUTURE" SEP. 2015
[11-09-2015] If you have missed the HSBC Annual Business Luncheon “Step into the Future” - Vietnam's turning point: What's next ? in HCMC on Sept. 10, 2015 and Hanoi on Sep. 11, 2015. Please download the excellent presentations of the guest speakers : Dr. Vo Tri Thanh - Vice President of the Central Institute for Economic Management (CIEM) & Mr. Pham Hong Hai - Chief Executive Officer of HSBC Bank (Vietnam) Ltd.
ECONOMIC HIGHLIGHTS: MINIMUM WAGE TO INCREASE NEXT YEAR
[09-09-2015] Minimum wage rise of 12.4% from next year, petrol prices cut by nearly 1,200 VND per liter and ground broken for two large-scale projects on Phu Quoc island are economic highlights from August 31-Septmber 5.
LAW CHANGES OPEN UP OPPORTUNITIES IN PROPERTY SECTOR BUT QUESTIONS REMAIN
[04-09-2015] M&A is an essential component for business and the investment environment. In the real estate development sector, M&A is more essential since it may cleanse the obstacles in the market, and makes it more stable and flowing.
FDI BOON FOR CITY PROPERTY
[04-09-2015]The HCM City property sector has attracted more than US$1.42 billion worth of foreign direct investment this year, the city's Statistics Office has reported. The amount accounts for almost 62 per cent of total FDI in the period.
