Other Briefings
Vietnam to Impose New Luxury Tax on Alcohol
Jan. 25 – Vietnam will impose a new special consumption tax of 45 percent on beer and other alcoholic drinks until 2012. The General Department of Taxation announced that beer and spirits higher than 40 proof will slapped a 45 percent tax and 50 percent afterward. Alcohol with less than 40 proof will be meted […]
Vietnam Considers Levy on Houses
Jan. 22 – Vietnam’s Ministry of Finance has proposed three options for levying tax on houses. The first option will base taxes on the area of the house with a threshold of 200 square meters and above including the balcony. The second option will determine the tax based on the value of the house; levying […]
Vietnam-Singapore Industrial Park Opens in Haiphong
Jan. 21- A US$1 billion Vietnam-Singapore Industrial Park has just opened in the northern city of Haiphong. This is the third industrial park of its kind spearheaded by the Singapore and Vietnam government. The 1,600-hectare park is located in Vietnam’s third largest city, 100 kilometers from Hanoi with easy access to the region’s largest seaport, […]
Danang Tops Provincial Competitive Index
Jan. 15 – Danang topped the Vietnam Chamber of Commerce and Industry’s 2009 provincial competitiveness index (PCI) ranking followed by Binh Duong Province in the south. This is the second consecutive year that Danang finished first place in the index. Vietnam’s northeast Lao Cai Province ranked higher than Vinh Phuc Province to be included in […]
New Economic Zone to be Set Up in Ha Giang Province
Jan. 14 – The government has announced that it will open a new national border gate economic zone in Ha Giang Province to further trade with China. The Thanh Thuy economic zone will be an important import-export venue for the northern region spanning 28,700 hectares including the communes of Thanh Thuy, Phuong Tien, Thanh Duc, […]
Bac Ninh Province Revokes 51 Licensed Projects
Jan. 13 – Vietnam’s northern province of Bac Ninh has revoked 51 delayed licensed projects in its industrial parks in an effort to strengthen investment conditions. The Bac Ninh Industrial Zones Authority said projects that were left idle were canceled. Last year, it also canceled the investment licenses of 13 projects worth a total of […]
Real Estate Prices in Downtown Hanoi to Climb by 21 Percent
Dec. 14 – Land valuation in downtown Hanoi will increase by as much as 21 percent next year based on a new proposal submitted by the Hanoi People’s Committee. The proposal sets next year’s prices for the city’s main commercial streets like Hang Ngang and Hang Dao in Hoan Kiem District at VND81 million (US$4,300) […]
Savills: Danang Tourism Property Market Taking Off
Dec. 9 – The central coast city of Danang’s tourism property segment is emerging said real estate company Savills Vietnam. Savills said that projects for villas are emerging quickly in the area with developments along the Son Tra-Dien Ngoc coastal road from Danang to Hoi An to be finished in a few years time.
Exporters, Bank Plan to Build Bonded Warehouse in United States
Dec. 7 – State-owned Vietnam Development Bank and local exporters are considering plans to build a bonded warehouse in the United States for exports reports Thanh Nien News. This would aid local exporters cut storage costs and make more good readily available in the market. Vietnam Development Bank General Director Nguyen Quang Dung told Vietnam […]
Lawmakers Approve Nuclear Plants
Nov. 27 – Vietnam’s National Assembly has approved plans to build two nuclear power plants in the south-central province of Ninh Thuan scheduled to be finished by 2020. The nuclear plants will be located in Thuan Nam District’s Phuoc Dinh Commune and Ninh Hai District’s Vinh Hai Commune with a combined power capacity of 2,000 […]
