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LEGAL UPDATE / POLICY

FRASERS NEWSLETTER APRIL 2015

[24-04-2015] Frasers' newsletter is designed to provide you with practical and commercial legal news in relation to key legal developments in Vietnam, and how such developments may affect you and your business. Frasers' newsletter is designed to be an interesting and informative read, but does not constitute legal advice. If you would like further information on any of the subjects discussed in newsletter, please contact Frasers on email: legalenquiries@frasersvn.com.

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PROPERTY / INDUSTRIAL ZONE

INDUSTRIAL ZONES€™ BRILLIANT DAYS RETURN

[21-04-2015] Industrial zone (IZ) development is expected to be one of the three most profitable real estate segments this year. After a long period of sinking like a stone, Kinh Bac Urban Development JSC’s shares have gone up.  The industrial zone development company, owned by Dang Thanh Tam, the richest Vietnamese stock millionaire in 2007, has made profits again after years of taking losses.

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PROPERTY / INDUSTRIAL ZONE

HOUSING STIMULUS DISBURSEMENT STAGNATES

[21-04-2015] The disbursement of the VND30-trillion (US$1.38 billion) housing stimulus package has been stagnant, despite the increase in the number of successful transactions in the real estate market.Economists and estate businesses said the market had seen clear improvements.

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LEGAL UPDATE / POLICY

GRÃœNKORN & PARTNER LAW - NEW VIETNAMESE REGULATIONS ON PERSONAL INCOME TAX

[22-04-2015] The latest regulations on Personal Income Tax include new exemptions and flat rates applied on Business Income and Irregular Incomes. For more information, please refer to our updated Brochure on Personal Income Tax. Furthermore, our Brochures on Corporate Income Tax and Value Added Tax have been updated. Now these publications are available:

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LEGAL UPDATE / POLICY

PWC: NEW CIRCULAR GUIDING CUSTOMS VALUATION

[22-04-2015] In addition, Circular 39 also sets out specific guidance for valuation of imported goods in special cases, which involve temporary and official import prices and change of registered purpose of use of duty-exempt imported goods, and where the buyer and the seller are related parties.

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TECHNOLOGY

ACTION PLAN ON IT APPLICATION, DEVELOPMENT ISSUED

[20-04-2015] The Government has issued an Action Plan to launch Resolution No. 36-NQ/TW dated July 1, 2014 on enhancing the application and development of information technology (IT) to meet the demands for sustainable development and international integration.

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PROPERTY / INDUSTRIAL ZONE

CITY OFFICE OCCUPANCY AT SEVEN-YEAR HIGH: SAVILLS

[16-04-2015] The office-for-lease market in HCMC performed better in the first quarter than the final quarter of last year with average occupancy shooting up to a seven-year high, according to property service provider Savills Vietnam. Average occupancy climbed to 91% in the first three months of 2015, up one percentage point compared to the last quarter of 2014 and the same period last year.

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CHARITY / EXHIBITION / OTHER EVENTS

VIETNAM EXPO 2015 - DECEMBER 2-5, 2015 AT SECC

[15-04-2015] With the supported by the Viet Nam Ministry of Industry and Trade & Ministry of Planning & Investment of Vietnam, VIET NAM EXPO is an important international trade event which is organized annually in Hochiminh City and in Ha Noi. The Organizing board has pleasure to send you information of the event:


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