Ownership certificates to be issued to condotels
HCMC – Buyers of condotels, tourist villas, shophouses and officetels can receive ownership certificates even if their properties are built on commercial and service land, but these certificates will be rendered invalid when the use of such land expires. This issue has remained unsolved over the
HCMC seeks to stabilize goods prices to boost consumption
HCMC – HCMC is trying to stabilize prices and stimulate demand by applying discounts on the base prices of products given that input costs have risen by 10-15%. According to the Vietnam News Agency, the HCMC Department of Industry and Trade’s report showed that the city’s total revenue from the
Deadline extension proposed for tax payment in 2023
HCMC – The Ministry of Finance has proposed extending the deadline for businesses to settle all tax liabilities in 2023 to help reduce financial costs, maintain liquidity and improve cash flow. The ministry has sent a draft decree on extending payments of value-added tax, corporate income tax,
Big-ticket infrastructure projects proposed for Mekong Delta
HCMC – Sixteen infrastructure projects have just been proposed for the Mekong Delta, heard a recent meeting held in Can Tho City to discuss ways to respond to climate change. These include projects to build coastal roads, inter-regional roads, dikes and reservoirs, with total capital of VND94,300
Soft loans for buyers of social homes
HCMC – Buyers of social homes will be entitled to a preferential interest rate within five years from the disbursement date, reported the local media. From April 1 to the end of June 30, annual interest rates of 8.2% and 8.7% will apply to buyers of social homes and investors of social housing
Former deputy foreign minister accused of taking VND21.5-billion in bribes
HCMC – To Anh Dung, former deputy minister of Foreign Affairs, has been charged with accepting VND21.5 billion in bribes from the businesses he handpicked to join the Covid-19 repatriation flight plan. Dung, 58, was in charge of approving the flights that brought Vietnamese nationals back home
HCMC’s business confidence predicted to improve in Q2
HCMC – In contrast to bleak financial prospects in the January-March period, reflected in the city’s gross regional domestic product expansion of a mere 0.7%, the financial picture may become bright in the year’s second quarter. Citing data from the HCMC Statistics Office survey, Bui Ta Hoang Vu,
Deposit rates drop further
HCMC – Commercial banks have lowered their deposit rates further since the State Bank of Vietnam’s latest rate cuts came into effect yesterday, April 3. Vietnam’s big four state-owned commercial banks now quote their call deposit rates at 0.1% to 0.3% per year. Interest rates for deposits from one
FPT develops Khanh Hoa investment promotion portal
HCMC – FPT Corporation has recently launched an investment promotion portal in the coastal province of Khanh Hoa, as part of a joint effort between the provincial administration and the technology service provider. The Khanh Hoa business supporting platform was inaugurated with the participation
Vietjet to launch Hanoi-Phuket air service
HCMC – Vietnamese low-cost carrier Vietjet Air has announced plans to operate the first flights between Hanoi and Phuket in southern Thailand, beginning May 19. As planned, the flights leave Hanoi at 11:35 a.m. and land in Phuket at 2:40 p.m. Return flights from Phuket to Hanoi depart at 3:45 p.m.
Khanh Hoa attracts big projects in sea tourism and service sector
HCMC – The south-central coastal province of Khanh Hoa has issued investment certificates and decisions on investment increases for projects with total pledged capital of over VND31,200 billion, reported the local media. At a conference to announce the master plan and investment promotion of Khanh
Gasoline prices move sideways, oil prices inch down
HCMC – Domestic retail prices of gasoline saw little change versus March 21, while the prices of oil products, except for diesel oil, fell slightly starting at 3 p.m. today, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. The current price of RON95-III
