LUXURY HOTELS FACE RISING COMPETITION
[08-07-2015] Although the number of foreign guests at four- and five-star hotels in the nation’s south rose 10% last year, upscale hotels saw room occupancy and tariffs declining due to mounting competition, Grant Thornton Vietnam said.
QUESTIONS RAISED ON NEW PROPERTY LAWS
[07-07-2015] 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.
GAW TO DEVELOP TALLEST SKYSCRAPER IN VIETNAM
[06-07-2015] A $1.2 billion property project by Gaw Capital Partners has been given the go-ahead to begin construction in Ho Chi Minh City. An investment certificate was granted last week to Denver Power, a subsidiary of Gaw Capital Partners, together with Tien Phuoc Real Estate and Tran Thai Lands for the development of their new Thu Thiem Observation Tower, also known as Empire City.
HOUSING INVESTORS MUST GET BANKS GUARANTEE: CIRCULAR
[02-07-2015] Housing investors must obtain a financial guarantee from commercial banks before they will be permitted to transfer property to home buyers or renters, from August 9 onwards. The State Bank of Viet Nam (SBV) made this announcement in Circular No. 07/2015/TT-NHNN, dated June 25, explaining that the regulation was necessary to meet practical market requirements and ensure the efficiency of banking guarantee services, in line with international routines.
NEW POLICIES TO BE EFFECTIVE IN JULY
[01-07-2015] Regulations on higher retirement age for officials and civil servants; management of paddy land; derivative securities; and allowances for workers in the art performance sector are among new policies which will come into effect from July.
THE 17TH INTERNATIONAL SHOES & LEATHER EXHIBITION - VIETNAM
[07-07-2015] “The 17th International Shoes & Leather Exhibition - Vietnam” (SHOES & LEATHER - VIETNAM 2015) is an integrated exhibition showcasing machinery and equipment, products, materials, systems and technology in the field of shoes and leather. All are to keep abreast of the fast growing of these industries.
MIDTERM VBF 2015 FULL REPORT
[30-07-2015] The Vietnam Business Forum (“VBF”) is a structured and ongoing policy dialogue between the Vietnamese Government and the local and the foreign business community for a favorable business environment that attracts private sector investment and stimulates sustainable economic growth in Vietnam. This publication was created for the Midterm Vietnam Business Forum on June 9, 2015 in Hanoi.
DELOITTE: TAX MONTHLY NEWSLETTER
[03-07-2015] Deloitte Vietnam would like to send you the Tax Monthly Newsletter for May 2015 in English with updates on Vietnam tax regulations. To continuously improve the publication, Deloitte Vietnam hope to receive your feedbacks regarding the followings:
