March 25, 2011
A staff member counts US dollar notes at a bank in Ho Chi Minh City The dong has strengthened against the dollar and dollar-denominated deposits have increased over the past week after the central bank clamped down on foreign exchange transactions in the unofficial market. On Thursday, the dollar traded at Vietcombank at VND20,865, down [...]
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March 9, 2011
A man rides a bicycle past a construction site in Ho Chi Minh City. Real estate trading in the city is very slow, and prices have fallen sharply. Given that the real estate market is facing capital shortages, Vietnam should allow investors to access loans from foreign commercial banks at far lower interest rates. Dang [...]
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December 1, 2009
Though lending to people who bet on gold is a big source of profits for many banks, the directors of a certain bank are sounding a warning. Short sales & real obligations “It was thousands of speculators making short sales and then being forced to make a real purchase of gold that was the main [...]
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November 23, 2009
National Assembly representatives on Saturday voiced their disagreement with the annual house tax proposed by the finance ministry, saying it would cause adversely impact many citizens. âThe draftâs regulations will significantly affect the society,â representative Dieu Kre from the central province of Dak Nong said. âIâm afraid that people wonât agree to pay housing tax [...]
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November 9, 2009
Legislators said Friday that a new property tax system proposed by the government would not reduce speculation on the real estate market as the rate was not a large enough to act as a deterrent. Under the latest property draft law submitted to the National Assembly on Friday, a homeowner would have to pay an [...]
Tags: 09 Percent, And Budget Committee, assembly, Budget Committee, committee, Draft Law, Finance And Budget, Finance And Budget Committee, Friday, Government, housing, Housing Tax, National, National assembly, New Property, New Property Tax, New Tax, New Tax System, percent, property, Property Speculation, Property Tax, Said Friday, speculation, system, Tax System, The government, The national, The National Assembly, The new, The New Tax, The New Tax System, value
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October 1, 2009
LookAtVietnam – Members of the National Assembly’s Finance & Budget Committee have labelled a proposed housing tax as unfeasible. They also don’t think the bill can take effect on January 1, 2011 as planned by the Government. The anti-speculation law? When compiling the law, the Ministry of Finance (MOF) stated its main aim was to fight property [...]
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September 16, 2009
LookAtVietnam – The Ministry of Finance has affirmed that the housing tax is a kind of asset tax rather than an anti-speculation tax. Deputy Director of the Tax Policy Department under the Ministry of Finance Pham Dinh ThiThi, who is also a member of the compilation committee of the draft housing tax, in an interview [...]
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September 10, 2009
LookAtVietnam – Experts have said that with the suggested housing taxation method, the target of preventing speculation would not be obtained. Under the draft housing tax law which will be presented by the Ministry of Finance, on behalf of the Government, to the National Assembly’s Steering Committee in September, only houses worth more than 600 [...]
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September 3, 2009
LookAtVietnam – Business representatives and legal experts gathered with ministry officials in Ha Noi on Tuesday to discuss drafts of proposed laws on property taxation Land and buildings used for commercial purpose should be taxed higher as the draft law would levy non-agricultural commercial property under the basic tax rate of 0.03%.The draft property tax [...]
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July 6, 2009
LookAtVietnam – A top railway executive has rejected local media allegations that her company was involved in ticket speculation, causing a shortage of rail tickets on the market. “Any violations discovered by registered ticket agencies at the Sai Gon Railway Station will result in strong measures against them, and ultimate termination of any contractual agreement”.Nguyen [...]
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