House loan where to apply

Land law adjustments aim to protect entities as well as the real estate market, photo Le Toan In a seminar to collect opinions from enterprises and experts regarding amendments to the Law on Land held last week in Ho Chi Minh City, Seck Yee Chung, a representative of the Vietnam Business Forum’s Trade and Investment Working Group, said that Article 35.d of the draft law provided that domestic companies only have the right to mortgages with their land and properties attached to the land at credit institutions licensed to operate in Vietnam. “This means that companies in Vietnam cannot mortgage their factory or land through foreign lenders, which creates great challenges for them to access competitive financing resources outside the country,” Chung said at the seminar, which was organised by the International Finance Corporation (IFC) and Ministry of Natural Resources and Environment (MoNRE). “Foreign lenders will look for security assets of Vietnamese companies to secure their … [Read more...] about Land law points further scrutinised

Some branches are taking care of the registration fee for car buyers, but sales are still not being boosted, photo Le Toan In a document sent to the prime minister last week, the Vietnam Automobile Manufacturers Association (VAMA) along with other associations asked the government to extend the payment of special consumption tax and reduce the registration fee of domestically manufactured and assembled cars by a half this year, in order to stimulate demand. A VAMA representative said that the domestic car sales market is in a gloomy situation, and has been struggling like many other industries since 2020. “In order to stimulate market demand, we need strong enough policies like extending the payment of excise tax in 2023 and taking 50 per cent off the registration fee. These should be applied as soon as possible,” emphasised the representative. To combat the effects of the pandemic, the government chopped the registration fee in half for domestically manufactured and assembled … [Read more...] about Auto makers project bumpy years ahead

Hanoi aims to become the leading locality in the development of cultural creative space. The various cultural heritages that exist in Hanoi have significant potential, serving as a foundation and resource for Hanoi's socio-economic growth, particularly in cultural tourism development. Overview of the conference. Photos: Lai Tan/The Hanoi Times Vice Chairman of the Hanoi People’s Committee Ha Minh Hai gave the remarks at an international conference titled “Promoting the role of world cultural and natural heritages in sustainable development for Hanoi” today [March 24]. Cultural heritages as invaluable assets According to Hai, Hanoi is positioned as the political-administrative center of Vietnam and is a significant center for culture, science, education, economy, communication, and international trade. Hanoi is also known as the "Heritage City" and is the leading locality in terms of the number of monuments, he said. “The city’s cultural heritage … [Read more...] about Cultural heritage to propel Hanoi’s future development