DEVELOPERS’ COMMITMENT TO VIETNAM ILLUSTRATING STRENGTHS
After a period of strong negative impacts caused by the pandemic, real estate investment activities in Asia-Pacific and Vietnam in particular started to show signs of recovery in the second half of the year, and are expected to return towards a stable increase moving into 2021 and 2022.
PM DECIDES TO TEMPORARILY SUSPEND INCOMING COMMERCIAL FLIGHTS
Prime Minister Nguyen Xuan Phuc has decided to temporarily suspend commercial flights while chairing a meeting on Covid-19 response on Tuesday. The decision was made one day after the Ministry of Health the first community infection case of Covid-19 (patient numbered 1,347), ending a streak of 88 consecutive days without a single local infection.
TAX AND CUSTOMS: FURTHER POLICY REFORM FOR BETTER BUSINESS ENVIRONMENT
The Ministry of Finance recently cooperated with the Vietnam Chamber of Commerce and Industry (VCCI) to organize a dialogue conference on tax and customs policies and administrative procedures in 2020. The event attracted the attendance of nearly 500 northern enterprises.
FOREIGN-INVESTED PROJECTS KICKED INTO HIGHER GEAR
The investor has been requested to contact Ho Chi Minh City’s Public Security Department and local military department for fixing the number of units which will be able to sell to foreign buyers as part of this particular venture.
ASEAN CUSTOMS TRANSIT SYSTEM LAUNCHED TO BOOST REGIONAL TRADE
Cross-border traders in ASEAN can now take advantage of a newly-launched online customs transit management system – the ASEAN Customs Transit System (ACTS) to accelerate trade in goods by road within ASEAN.
CITY OUTSKIRTS EMERGE AS REAL ESTATE HOTSPOTS
In the wake of the limiting land funds and rocketing prices in city centre locations, developers are expanding their interest in mergers and acquisitions towards satellite towns and other areas near Vietnam’s major cities.
RETIREMENT AGE TO INCREASE STARTING 2021
At present, the retirement age for regular labourers is 60 for men and 55 for women. People who do heavy, hazardous or dangerous work or employees working in a place with harsh living conditions can retire at 55 for men and 50 for women. High-skilled workers work until 65 for men and 60 for women.
PM URGES GARMENT, FOOTWEAR SECTORS TO PROMOTE SUPPLY CHAIN LINKS
Prime Minister Nguyễn Xuân Phúc requested garment-textile and footwear sectors promote the building of Vietnamese brands and supply chain linkages during a working session with the sectors’ representatives in Hà Nội on Monday.
