Legal Update

Foreigners permitted to buy houses in Vietnam

Foreigners permitted to buy houses in Vietnam

Under article 159 of the law, three groups of foreigners allowed to own houses in Vietnam are those developing housing projects; foreign-invested companies, branches and representative offices of foreign companies,...

Vietnam house scraps ad tax, hikes tobacco, wine tax

Vietnam house scraps ad tax, hikes tobacco, wine tax

Vietnam’s legislature approved a draft of tax relief measures on Wednesday, including a highly-anticipated move to make all advertising tax-deductible. Nearly 86 percent of the National Assembly members voted for the...

 
Vietnam Minimum Wage Increases Spark Investor Uncertainty

Vietnam Minimum Wage Increases Spark Investor Uncertainty

The Vietnamese government has issued a decree to increase the country’s minimum salary by between VND250,000-VND400,000 (US$12-$19) starting January 1, 2015. This will bring the wage floor to between VND2.15...

Taxi fares cut in three cities

Taxi fares cut in three cities

The Ministry of Finance has confirmed taxi fare cuts of 2 per cent to 32 per cent in three major cities of Viet Nam this November.The ministry's six-day spot checks...

 
Easier Foreign Ownership Likely To Revive Property Market

Easier Foreign Ownership Likely To Revive Property Market

A Construction Ministry recent proposal on creating more favourable conditions for foreigners to buy property is considered a step in the right direction to attract stronger foreign investment inflows. Most foreigners...

Protecting the rights of consumers

Protecting the rights of consumers

Since the Consumer Protection Law was first implemented three years ago thousands of cases have been handled. Vietnam Economic News’ Lan Phuong spoke with Nguyen Manh Hung, Deputy Chairman and...

 
New circular sets home purchase bailout limits

New circular sets home purchase bailout limits

HA NOI (Biz Hub) ─ Individuals purchasing commercial houses worth VND1.05 billion (US$50,000) or less in urban projects that authorities have approved are entitled to financial assistance from the national...

National Assembly approves new civil aviation legislation

National Assembly approves new civil aviation legislation

The revised Law on Viet Nam Civil Aviation passed by the National Assembly yesterday adds a number of aviation and essential non-aviation services subject to price control by the State,...

 
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