IT COMPONENTS GET PREFERENTIAL TAX TREATMENT
[21-07-2015] A preferential tax rate of 0 per cent will be imposed on imported materials, ancillary parts and components used for manufacturing major IT products from August 13, 2015. This was stated in Circular No 101, issued on June 29, 2015, by the finance ministry (MoF).
WAGE RISE OF 17% PROPOSED
[17-07-2017] The Vietnam General Confederation of Labor has proposed the National Wage Council consider increasing the region-based monthly minimum wage by VND350,000-550,000 next year, or 16.76%, on average.
GOVERNMENT ALLAYS PROPERTY BUBBLE FEARS
[19-07-2015] The pick-up of the property market has triggered bubble fears, but State management agencies said the market would be closely watched to prevent it from happening again. Construction Minister Trinh Dinh Dung recently said the market recovery, reflected in the rising number of successful transactions and soaring prices, was not the result of speculation.
DELOITTE: THE U.S SIGNS THE FIRST-EVER TAX TREATY WITH VIETNAM
[16-07-2015] On 7 July 2015, the United States of America signed in Washington D.C an income tax treaty with Vietnam. The tax treaty, although not yet in force, marks a positive and substantive development in bilateral economic relations since the normalization of relations between the two countries 20 years ago.
DONG NAI PORT PLANS BIG GROWTH
[14-07-2015] Dong Nai Port in the southern province of Dong Nai hopes to be able to handle 20 million tonnes of goods a year by 2020, four times the current capacity. The port is expected to be one of the leaders in the country in terms of goods handling capacity, said the director of Dong Nai Port JSC, Nguyen Thi Bach Mai.
VIETNAM TO DEVELOP SEVEN LOGISTICS CENTERS IN 2020
[13-07-2015] Seven large-scale logistics centers will be up and running in different parts of the country in the next five years as envisaged in a master zoning plan for national logistics development until 2020 and with a vision towards 2030.
QUESTIONS RAISED ON NEW PROPERTY LAWS
[10-07-2015] Two long-awaited amended laws on housing and real estate, effective from July 1 and expected to have a significant impact on the property market, may not be as effective. The two new laws were introduced amid the recovery of the property market starting from the end of last year, after seven years remaining frozen, with amendments to drive the market back on track. Still, market participants are awaiting further detailed instructions.
MORE VISA WAIVER PLANNED
[13-07-2015] Vietnam will deploy new programmes to attract more international tourists following recent bold steps to stop the sharp decline in the number of inbound visitors. Vietnam National Administration of Tourism (VNAT) authorities last week suggest the government waive the tourist visa requirement for member countries of the Commonwealth of Independent States, known as SNG, Eastern Europe, Australia and New Zealand.
