Real estate trading floors, which once mushroomed in the golden age, now have to shut down in masses because of the lackluster real estate market. A series of real estate trading floors shut down The real estate has been decreasing sharply in all areas of Hanoi. Nam An Khanh, Trung Van or Van Canh areas [...]

People who transfer land use rights and ownership of houses and apartments will be subject to a tax of 25 per cent on their income from the transactions, said the Ministry of Finance. The new tax rate was stipulated in Circular 113/2011/TT-BTC, recently issued by the Ministry of Finance. The circular also outlines ways to [...]

The Ho Chi Minh City Department of Transport and Saigon Bus began operating 21 CNG (compressed natural gas) buses on route number 1 between Ben Thanh and Cho Lon yesterday (August 26). The CNG (compressed natural gas) buses will be running on route number 1 between Ben Thanh and Cho Lon as of August 26, [...]

The Ministry of Public Security Tuesday issued a new instruction banning police in the country from wearing black sunglasses, from smoking, from reading books and from putting their hands into pockets while on duty at public places. Under the new order, officers from the People’s Police of Vietnam must keep appropriate manners and be in [...]

Ho Chi Minh City has unveiled a 20-percent tax rebate to house owners who undertake not to raise rents this year for students and workers.   The rebate will apply from May. Creches pledging not to increase the fees for workers’ children will also get this rebate. The city Taxation Department said it has got [...]