by Teuvo Tuomi | Jul 7, 2024 | Vietnam, Business, Ho Chi Minh, Infrastructure, Lifestyle, News, Society
Real estate revenue in Ho Chi Minh City reached VND124 trillion ($4.9 billion) in the first half of the year, up 6.1% year-on-year, according to the HCMC Statistics Office. The real estate market has shown signs of recovery this year, with 3% growth in the second...
by Teuvo Tuomi | Jul 4, 2024 | Vietnam, Business, Climate, Energy, Environment, Technology
Rooftop solar and other renewable power can now be sold directly through private transmission lines without going through Vietnam Electricity as an intermediary. Wind, biomass, micro-hydropower, geothermal, wave, and tidal energy plants are also included in the...
by Teuvo Tuomi | Jun 28, 2024 | Business, Manufacturing, News, Taxation, Transportation, Vietnam
Vietnam’s Ministry of Finance has asked relevant ministries, branches, and agencies for feedback on a proposal to cut half the registration fees for domestically manufactured and assembled cars. The proposed tax cut would be effective from August 2024 until the...
by Teuvo Tuomi | Jun 26, 2024 | China, Infrastructure, News, Transportation, Travel, Vietnam, Visions
Work on a 1,500-kilometer high-speed rail link between the northern and southern regions will start in 2026 or 2027, Vietnam’s Minister of Transport Nguyen Van Thang says. Work is set to begin next year, connecting China with the northern province of Lao Cai,...
by Teuvo Tuomi | Jun 17, 2024 | Vietnam, Food & Drinks, Health, Lifestyle, News, Society, Taxation
Vietnam’s Finance Ministry is proposing a hike in special consumption tax on alcoholic drinks to 100% by 2030. Under the draft, the tax on beer and strong liquor will first be raised to 70-80% by 2026 from the current 65%. “Alcoholic drinks and beer prices...
