Vietnam passes amended credit institution law with cross ownership adjustments
The National Assembly, Vietnam’s highest legislative body, passed the amended Law on Credit Institutions Thursday with 91.28% of votes in favor.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament to vote on landmark laws on land, credit institutions next week
The National Assembly, Vietnam’s highest legislative body, is set to conduct an extraordinary meeting next week, featuring votes on the draft amended laws on land and credit institutions.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Personal income tax law to be revised in 2025: legislator
The amended Personal Income Tax (PIT) Law will be considered for inclusion in the National Assembly's (NA) 2025 law building program, said Tran Van Lam, standing member of the legislature’s Finance and Budget Committee.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament not to pass long-awaited land law this year
The National Assembly, Vietnam’s highest legislative body, will not pass the draft amended land law at the ongoing (sixth) meeting, National Assembly Chairman Vuong Dinh Hue said Thursday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament expected to approve 9 bills
Vietnam's National Assembly, the country's highest-level legislative body, convened its last meeting of this year on Monday morning, with nine draft laws expected to be passed over 22 working days.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreigners not allowed to buy homes attached to land under draft amended law
Foreign organizations and individuals will not be allowed to own houses attached to land if an amended draft Housing Law is approved by the parliament in November this year.
Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7
Now’s not the time to hike special consumption tax on liquor: workshop
Vietnam should delay any hike in the special consumption tax (SCT) levied on the liquor industry amidst persistent negative impacts of the Covid-19 pandemic, experts and industry insiders say.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
The Investor holds workshop on special consumption tax amendments
The various implications and contexts of amendments being considered to Vietnam’s current Law on Special Consumption Tax will be discussed at a workshop organized by The Investor in Hanoi Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
‘Soft management approach’ for data center services, cloud computing: Minister
Vietnam’s Information and Communication Minister Nguyen Manh Hung said Thursday that his ministry was pursuing a soft management approach for data center services and cloud computing.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislators concerned about foreigners buying property in Vietnam
National Assembly members in Vietnam have said stricter regulations on foreign purchases of houses and land in the country are needed.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lawmakers want stronger measures to curb cross ownership in banks
National Assembly members have suggested that the government should take radical measures to restrain cross-ownership in the country’s banking sector to ensure a healthy system.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam parliament to approve 8 draft amended laws
The National Assembly, Vietnam’s highest legislative body, will convene from May 22 to approve or discuss draft law amendments related to bidding, prices, land, realty business, and housing.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Opening market to foreign investors key to NPLs in Vietnam: IFC
Vietnam should promptly open the non-performing loan gate to international investors as the country does not have sufficient resources to solve NPL problems, an International Finance Corporation (IFC) official said Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Businessman in hot water for ‘slandering’ Sacombank leader
Sacombank has petitioned Vietnamese authorities to charge a businessman who posted a “slanderous” message about the bank’s leader on Facebook.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legal rules needed for grey areas to help unbanked, underbanked residents: experts
Vietnam needs to build up a proper legal framework to help the consumer finance market develop in a healthy manner and better support the unbanked and underbanked in the country, a Tuesday workshop heard.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
F88 responds to police probe of 5 staff members
Vietnamese financial services firm F88 confirmed Friday that Ho Chi Minh City police are investigating five of its debt collectors, and that it would not conceal any individuals' wrongdoings, if any.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Draft telecoms law not supportive of Vietnam, foreign investors: experts
Vietnam’s draft Telecoms Law, which would expectedly be passed in late 2023 and take effect in July 2024, may hinder both domestic and foreign companies in the industry and does not keep up with technology trends, according to industry sources.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Revised land law needs to crack down on speculation: experts
Vietnam’s draft revised Land Law must prevent land speculation, and needs regulations to fix loopholes in the sector, heard a workshop in Hanoi early this week.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Global minimum tax, Vietnam’s lawmaking steps
Nguyen Thanh Vinh, Baker & McKenzie Vietnam partner, provides details on Vietnam’s lawmaking steps as the Global Minimum Tax becomes a hot topic worldwide.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Public issuance, private placements to uplift corporate bond market
The Ministry of Finance is drafting amendments to the government's Decree 65, which took effect on September 16, 2022 to regulate corporate bond private placements in Vietnam and overseas issuances. Minister of Finance Ho Duc Phoc told The Investor about upcoming changes.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Draft amended law on real estate business fails to meet expectations
The construction ministry recently released a draft amended law on real estate business for public comment. Dang Duong Anh, senior partner at Vilaf law firm, argues that the draft law does not live up to expectations.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to crack down on fake social media advertising
Vietnam's Ministry of Information and Communications will check over fake advertising content on social media platforms like Facebook and YouTube, Minister Nguyen Manh Hung said Friday.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to make enterprise, securities laws more transparent: minister
The Finance Ministry will propose amendments to the laws on enterprises and securities as well as related regulations in order to make them more transparent, says Minister Ho Duc Phoc.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislative body to make major economic decisions, minister appointments
The National Assembly's year-end meeting started Thursday, discussing major socio-economic issues and several draft laws.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Parliament to discuss amended oil & gas law, anti-money laundering bill
The National Assembly, Vietnam’s parliament, is scheduled to pass seven draft and amended laws at its October-November session, including an amended oil & gas law and one on money laundering.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ministry seeks PM nod for Vietnam’s first cargo airline
The Ministry of Transport has asked the Prime Minister for permission to grant a license to the country’s first cargo airline, IPP Air Cargo.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Infrastructure incentives, reforms to help Vietnam attract private capital: HSBC
Developing transport infrastructure is again a priority in a post-pandemic Vietnam but more reforms are needed to incentivize private investments, HSBC said Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam ranks second on ASEAN green debt issuance board
Vietnam ranked second among ASEAN members on the green debt issuance board with a volume of $1 billion in 2021, according to a report by Climate Bonds Initiatives (CBI) and HSBC.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Oil sector investment crucial, but not at all costs
Attracting investment in Vietnam’s oil and gas industry is essential but not at all costs, and investment stimulation should transcend tax incentives, Vietnamese legislators said Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance authority mulls over tax on homes, property
The Ministry of Finance is collecting opinions on levying tax on homes and property as well as amendments to personal income tax.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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