June 22, 2011
As of June 10, credit had expanded 7.05 percent compared to the end of last year The central bank has increased its foreign exchange reserves due to an improving trend in the balance of payments and recent measures to support the local currency, Governor Nguyen Van Giau said. It had not been easy to increase the [...]
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July 31, 2009
Houses worth over 600 million dong will be taxed 0.03 percent per annum on the value in excess of the 600 million threshold instead of 0.05 percent as previously planned, the latest draft of the housing tax law stipulates. The Ministry of Finance, which is drafting the housing tax law, said that the draft document [...]
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July 25, 2009
A street vendor walks past shops selling different marriage offerings in downtown Hanoi. Inflation eased this month to a five-year low of 3.31 percent. Vietnamâs inflation eased in the first seven months of the year, with consumer prices rising 9.25 percent compared to the same period last year, official data showed Friday. For July alone, [...]
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April 29, 2009
Workers take a rest at a construction site in Ho Chi Minh City. A draft house and land tax law will tighten Vietnamâs land crunch while leaving the real estate market in the hands of speculators, experts said Monday. Residential land, houses, and land for commercial purposes other than cultivation are currently not subject to [...]
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