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Ministry proposes foreigners to be able to own houses in Vietnam
Foreigners have the right to own houses for a set period, but land ownership is not permitted. Once their ownership duration concludes, they may renew it once and have the privilege to purchase and sell houses similarly to local residents.
UKVFTA stimulates growth in Vietnam’s export-oriented industries
The UK-Vietnam Free Trade Agreement (UKVFTA) has had a significant impact on Vietnam’s export-oriented industries, driving growth and opening up new opportunities for both countries, experts have said.
National job, property exchanges needed: Deputy PM
Deputy Prime Minister Tran Hong Ha urged authorities to establish national job, and real estate and land use right exchanges, at a meeting with representatives from concerned ministries and agencies in Hanoi on August 21.
Commercial banks continue to cut deposit interest rates
Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum.
VinFast and Black Spade complete Business Combination
Vietnamese automaker VinFast Auto Ltd and Black Spade Acquisition Co announced on August 14 the completion of their previously announced “Business Combination”.
Big data to help collect tax from foreign service providers
Big data on e-commerce would help the tax watchdog to efficiently collect tax from foreign cross-border IT services providers, according to Nguyen Bang Thang, director of Tax Management Department of Large Enterprises.
High logistics costs hurt Vietnam’s economic competitiveness
Inadequate transport infrastructure and connectivity, and domestic enterprises’ low capacity and slow technology adoption and digital transformation are hindering the otherwise rapidly growing logistics industry, experts have said.
Issuance of criteria for “made-in-Vietnam” products stuck for years
Regulations on criteria for “made-in-Vietnam” products have not been issued since the Ministry of Industry and Trade’s proposal five years ago due to difficulties in origin traceability and worries over the burden of compliance costs on enterprises, the ministry said.
Smart border gate promotes Vietnam-China economic ties
The northern border province of Lang Son is continuing to upgrade the digital border gate model, moving towards building a smart border gate.
Australian Cotton Vietnam Week begins
The Australian Cotton Trade Delegation to Vietnam is organising a series of activities in Ho Chi Minh City, Hue and Hanoi from August 7-11 to strengthen relations between Vietnam’s textile manufacturers and Australian cotton producers.