October 2, 2009
VietNamNet Bridge – The Hanoi and HCM City real estate markets have quietened over the last week since the start of personal income taxation (PIT). From September 26, people have had to pay PIT on the margin between the buying and selling prices in property deals. They either pay two percent on the margin of [...]
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September 18, 2009
LookAtVietnam – Many real estate owners are trying to sell off their assets in order to avoid paying the 25 percent personal income tax (PIT). The Ministry of Finance has released Circular 161 on imposing the 25% PIT on the profit people get from real estate assignments, meaning the margin between sale and purchase prices. Analysts [...]
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March 24, 2009
Customers jostled to buy dollars late yesterday afternoon, while exchange centres continuously quoted new prices. The dollar price skyrocketed to VND18,000/US$1 at 6.30 pm March 23. Ha Trung street, the main currency exchange area of Hanoi, was very crowded and bustling on March 23 afternoon. Customers still flocked there to make transactions late yesterday afternoon, [...]
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February 19, 2009
VietNamNet Bridge – The domestic gold price has climbed to the highest-ever level, VND19.75mil/tael, while the world’s price is trying to conquer the new peak of $20/oz. Phuong, an investor in district 4, HCM City went to a gold shop this morning to sell gold as she thought the gold price was high enough to [...]
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