Author: iblegalvietnam

Proposed VAT on land transfer under fire

The Ministry of Finance’s proposal to impose 10 per cent value added tax (VAT) on the transfer of land use rights has met with objections, as it might increase land prices. Hà calculated that costs for transferring land use rights would increase 10-15 per cent and deter home buyers, adding that housing makes up 70 […]

Foreign investors sought for BOT projects

The lack of transparency in Vietnam is causing foreign investors to consider BOT (build-operate-transfer) projects cautiously. The Ministry of Construction (MOC) believes the country needs more reasonable policies that would help improve the quality of BOT projects. Dinh Trong Thinh from the Finance Academy believes this is a good solution in the context of limited […]

Policies effective from October

Sticket warning of contents for publications for children, online issuance of work permit to foreign workers Viet Nam, the exchange management of the business of prize-winning electronic games for foreigners were among new policies taking effect from October, 2017. Under Circular 09/2017/TT-BTTTT, dated June 23, 2017 of the Ministry of Information and Communications on content […]

HCMC calls on investors to 133 projects

HCMC called on investors to 133 projects including 116 projects calling for social investment, 11 national projects and six new others in Thu Thiem new urban area at an investment promotion conference hosted in the city yesterday. The conference was hosted by HCMC Investment and Trade Promotion Center (ITPC), chaired by deputy chairman of the […]

SME transparency a must for loans: experts

Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on Thursday. The conference was jointly held by the Viet Nam Chamber of Commerce and Industry and the State Bank of Viet Nam to discuss credit boosts for SMEs facing long-standing difficulties in accessing […]

Capital assignment tax won’t affect FDI and M&A: experts

The Ministry of Finance (MOF) has proposed adjusting the rate of the capital assignment profit tax imposed on foreign enterprises in Vietnam in an effort to simplify the process of collection and treatment of corporate income taxes. The taxation will be applied to all capital assignment deals of foreign enterprises, regardless of resident status in […]