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Tourism draws interest from foreign investors

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The tourism sector of Viet Nam attracted over US$1.7 billion in foreign direct investment (FDI) from 41 different projects in 2007, according to the Viet Nam National Administration of Tourism.

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President issues four new laws

The Presidential Office yesterday promulgated President Nguyen Minh Triet’s decision to issue four laws: the revised Law on Oil and Gas, the revised Publishing Law, the Law on Red Cross Activities and the revised Law on Drug Prevention and Control.

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Real estate offers returns, analyst says
Vietnam's property market still offers returns for investors even as prices have fallen by as much as 40% this year, Professional Property Services said.
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Vietnam's real estate transparency index goes up

Vietnam's real estate transparency index has improved, said experts of Jones Lang Lasalle, one of the world's leading groups in real estate service and market research, at a press conference announcing the group's presence in Hanoi.

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Land law stir up debate

Reducing land clearance and compensation difficulties are key issues the draft amended Land Law focuses on.

In a conference held last week by Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry of Natural Resources and Environment in Hanoi to gather opinions about the draft amended law, experts admitted land clearance difficulties were the main obstacle for many investment projects
Nguyen Phuong Bac, deputy director of Bac Ninh province’s Planning and Investment Department, said to solve land clearance and compensation difficulties the benefits to all related sectors, investors, local people and the government, must be harmonised.

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Are land debates over?

The drafted adjustment of the Land Law of 2003 has seen opposing opinions on land clearance and compensation among officials and enterprises.
The draft adjustment, changed by the Ministry of Natural Resources and Environment (MoNRE) and brought to the public for comment last week in HCM City, revealed that the government was to consider removing the current land compensation scheme based on negotiations between project developers and land owners.

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Lower corporate tax rates coming

Since early this year, the Ministry of Finance has been circulating for public comment its draft Law on Corporate Income Tax as well as a draft decree that would implement the law in repacement of Government Decree No 24/2007/ND-CP of February 14, 2007, which guides the current Law on Corporate Income Tax.

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Illegal strikers liable for employer costs

With the issuance of Government Decree No 11/2008/ND-CP of January 30, workers and labour organisations involved in unlawful strikes must pay compensation for damages caused to their employers.

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Local courts may be able to enforce WTO rules

Arecent case brought before the European Court of Justice related to the European Commission's practice of "zeroing," the application of negative dumping margins in the calculation of dumping of products on the EC market.

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National Bar Association created
DongA Bank sells shares abroad
Market rebounds on news of SCIC buy-in
Securities depository to boost effectiveness
Standard Chartered Bank seeks expansion
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