100 ownership for foreign investors in uae

Then what causes the domestic gold price to be higher than that in the world? It is because there is too little SJC gold that remains in the market (SJC is the most favored gold trademark in Vietnam), which accounts for only 10-15% of the gold market in Vietnam. Once making up 70% of the entire gold market, SJC gold has seen its market share shrink substantially each time the gold fever occurred during 2018-2019 when the world gold price was higher than that in Vietnam. Meanwhile, for many years now, the State has not given any quota allowing gold ingot to be molded into SCJ gold bars. To put it differently, new SJC gold is no longer available while the SJC trademark still dominates the market price. It is illogical, isn’t it? … [Read more...] about The gold trap

HCM City (VNS/VNA) – The HCM City real estate market provides more housing projects and subsidises rentals to boost the market amid the COVID-19 pandemic. An announcement by the city Department of Construction in the first quarter said there were 3,137 housing products comprising apartments and townhouses in nine projects in the market. Notably, a six-star hotel and office project opposite Ben Thanh Market in District 1 is now putting for sale 214 apartments after years of delay because it is the first project in Vietnam with six basements, which caused some unique difficulties. Beside luxury properties, investors are also providing social housing on a large scale: 352 units at the Nam Phan project in Phu Huu ward, District 9, are available for sale. This is unique because normally social housing units rarely exceed 100 in any sale, according to the investors. Another project is in Thu Thiem ward -- Metropole Thu Thiem -- with 465 housing units. Besides providing more … [Read more...] about HCM City property developers offer more products

Regarding to reports that a number of crew members on the US’s aircraft carrier Theodore Roosevelt tested positive for SARS-CoV- 2 after the vessel visited Vietnam, Vietnamese Ambassador to the US Ha Kim Ngoc said when the carrier docked at Da Nang port and during the visit, both the Vietnamese and US sides had worked together to implement disease preventive measures. The visit was a success, contributing to deepening the Vietnam-US comprehensive partnership and maintaining peace, stability and stability in the region. … [Read more...] about COVID-19: First reporter infected, total rises to 188

Hanoi (VNS/VNA) – Tax incentives for developers of social housing projects for lease should be made clear and consistent to encourage private investment in the segment, according to the HCM City Real Estate Association. The association said that there were inconsistencies among existing legal documents, resulting in a hesitancy to invest because it could take investors up to 20 years to recoup their money. According to Decree 100/2015 about social housing development and management, a reduction of 70 percent in value added tax and corporate income tax was being offered to developers of social housing projects for lease. However, according to the Law on Value Added Tax, the maximum reduction is only 20 percent. For example, Le Thanh Company was charged 5 percent in value added tax and 10 percent for corporate income tax for Le Thanh An Lac, a social housing project for lease in Binh Tan district, HCM City. The General Department of Taxation said the fees were based on the Law … [Read more...] about Association calls for consistent tax incentives for social housing developers

Releasing water is a task China has to do periodically as its dams cannot keep holding back water, and given the increasing level of ice melt that raises sea level, it is a must for China to save its land from salt intrusion, Le Anh Tuan, deputy head of the Climate Change Institute at Can Tho University, said. … [Read more...] about Experts say water release from Chinese dams too little to reach Vietnam