Advance effective date of housing, realty laws by 6 months, parliament urged
Vietnam’s Construction Ministry has proposed that the National Assembly, the country's parliament, advance the effective date of the 2023 Laws on Housing and Real Estate Business by six months to July 1 this year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Institutional shareholders’ ownership ratio in banks needs to be reduced: legislators
The ownership ratio of an institutional shareholder in banks must be cut from 15% to 10% to diversify shareholder structure, increase publicity and limit control and takeovers of banks, said the National Assembly (NA) Standing Committee on Monday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam lawmakers raise concerns about power development anamolies
Members of the National Assembly’s (NA) Standing Committee expressed concerns Thursday about energy investors not being able to transmit their output for lack of transmission lines.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail electricity prices not keeping pace with market developments: parliament
Vietnam’s current retail electricity price mechanisms do not reflect fuel costs, supply and demand in a timely manner, according to a National Assembly committee report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate management in 8 ministries, 12 localities to be supervised
Eight ministries and agencies and 12 localities, including Hanoi and Ho Chi Minh City, will have their real estate and social housing market management supervised, according to the National Assembly's (NA) draft supervision plan for the 2025-2023 period.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislature approves pilot mechanisms for HCMC
Vietnam's National Assembly passed a resolution on Saturday to pilot special mechanisms aimed at the development of Ho Chi Minh City.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam legislators okay 90-day multiple entry visas
Vietnam’s National Assembly approved Saturday a government proposal to extend the validity of tourist e-visas to 90 days with multiple entry, starting August 15.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shrink high-end real estate segment, promote healthy growth: lawmaker
Vietnam should restructure its real estate market towards reducing high-end housing and increasing social housing, including housing for workers, National Assembly member Tran Van Khai said Friday.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese leadership, S Korean President stress ‘especially close’ ties
Vietnam’s Party, legislative and executive leaders stressed the need to further strengthen close bilateral ties in separate meetings held Friday with visiting South Korean President Yoon Suk Yeol.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislator proposes probe into life insurance sector after customer complaints
A parliament member wanted Vietnamese regulators to inspect the country’s life insurance industry following multiple customer complaints about deception.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
No VAT reduction for telecom, banking, securities, real estate, insurance sectors
The Vietnamese government on Wednesday proposed to the legislature a 2-percentage-point reduction in value added tax (VAT) for goods and services, except for those in the telecom, real estate, securities, insurance and banking sectors.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ha Giang province's Party chief appointed new environment minister
Ha Giang province’s Party Secretary Dang Quoc Khanh was appointed by the Vietnamese National Assembly on Monday as Minister of Natural Resources and Environment for the term 2021-2026.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese lawmakers say 'no' to VAT reduction for real estate, banking sectors
The Standing Committee of the National Assembly, Vietnam's legislative body, has disagreed with the government's proposal to reduce value added tax (VAT) for the banking, securities, real estate, and insurance sectors.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Parliament passes revised anti-money laundering law, calls for cryptocurrency regulations
Vietnam’s National Assembly approved the country’s amended Law on Anti-Money Laundering Tuesday and required the government to promptly study regulations on cryptocurrencies and virtual assets.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislator pushes for private-sector role in railway development
The government should prioritize participation of the domestic private sector in modernizing the country’s railway industry, National Assembly member Hoang Van Cuong said Thursday.
Economy - 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
Economic recovery package comes with caution: Deputy PM
Vietnam’s $15 billion economic recovery package, the country's largest ever to beef up post-pandemic economic growth, is being disbursed with great caution to avoid mistakes, Deputy Prime Minister Le Minh Khai said Thursday in response to complaints by some legislators about its long delay.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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