Capitalize real estate taxes on investment property

Chairman of Ho Chi Minh City People's Committee Phan Van Mai signs a regulation on the construction coordination of the Ring Road 3 Project in Ho Chi Minh City with leaders of three provinces of Long An, Binh Duong and Dong Nai at the conference. Regarding the investment capital, the HCMC People’s Committee submitted to the Prime Minister an adjustment of the central budget capital of VND17,146 billion (US$734.5 million) from the Ministry of Transport and allocated the unallocated central budget capital of VND 14,233 billion (US$610 million) to the provinces and HCMC for timely project implementation. Speaking at the conference, Director of Ho Chi Minh City Department of Transport Tran Quang Lam said that the People's Committees of three provinces and HCMC have directed departments, relevant agencies and units to implement component projects according to the assigned timelines under the direction of Deputy Prime Minister Le Van Thanh. Specifically, the Ring Road 3 investment and … [Read more...] about HCMC, three localities strengthen coordination to promptly implement Ring Road 3

Passengers on board a Vietjet flight. — Photo courtesy of Vietjet Vietjet has reopened a route linking the South Korean coastal city Busan with Ha Noi this month, the airline announced late last week. As well as the current route to Seoul, people and tourists will have more options to fly between Busan – a coastal city with many unique features of South Korea and the capital Ha Noi, with three return flights per week on Wednesdays, Fridays and Sundays, flying daily from July 12, 2022. Vietjet's ticket prices for Viet Nam-South Korea are currently attractive with only VND280,000 (excluding taxes and fees) per flight, Vietjet said. According to the airline, as well as beautiful beaches with stretching white sand and charming natural scenery, the coastal city of Busan is also a great shopping destination with many modern and high-class shopping centres. Meanwhile, Ha Noi is known as 'the heart' of friendly and hospitable Viet Nam, where passengers can easily experience the … [Read more...] about Vietjet resumes Ha Noi-Busan route

In an article about Vietnam’s trade and investment links with Italy and Europe, the La Città Futura newspaper said Vietnam is effectively implementing the commitments in the free trade agreements with the E.U. (EVFTA) and the U.K. (UKVFTA). So far, key farm produce of Vietnam like peppercorn, cashew nut, vegetables, fruit, tea, and rubber have benefited from preferential tariffs in the E.U., which is one of the five largest markets of Vietnam’s fishery products. La Città Futura noted Vietnam is a leading partner of Italy in Southeast Asia and also a helpful bridge linking the E.U., including Italy, with the Association of Southeast Asian Nations (ASEAN). Citing the phone talks on April 22 between Vietnamese Prime Minister Pham Minh Chinh and his Italian counterpart Mario Draghi, it emphasised the Italian Government’s pledge to promote the Italian parliament’s ratification of the E.U. - Vietnam Investment Protection Agreement (EVIPA) amid many enterprises of the country wishing … [Read more...] about Italian media spotlight Vietnam’s economic ties with Europe, human rights achievements

At the foot of Tam Dao mountain range, the Ngao waterfall in Dai Tu District has become a popular weekend retreat, easily accessed with a two-hour drive from Hanoi. The road leading to the waterfall cuts through dense forests offering cool shelter from hot summer days. Promoted by travel bloggers as an ideal summer escape, the waterfall has drawn increasing numbers of people from the capital city. Of these, many choose to camp overnight in the area. As tourist numbers increase, some families living near the waterfall have opened homestay facilities with camping and catering services. Around two kilometers from the Ngao Waterfall is the Mo&Jen Camp Retreat. It offers luxury camping services with amenities like bathrooms, toilets, mattresses, fans and food. The campsite has 11 tents that can accommodate four people each, all set up in a grove on the edge of a small stream. Each tent is … [Read more...] about Chill out in summer, camp at a waterfall near Hanoi

With the recent inauguration of many pedestrian streets, themed spaces, and night tours, authorities in Hanoi hope to give the city’s night economy a major boost. Every evening at about 7:00 pm, Hanoi’s Old Quarter begins to bustle with tourists rushing between shops, food stalls, and entertainment venues. The Old Quarter’s evening rush holds such a footing in Hanoian culture that nicknames have even been given to certain areas. The intersection of Ta Hien and Luong Ngoc Quyen Streets, for example, is affectionately called 'International Intersection' while Ta Hien Street is known as 'Beer Street,' Gam Cau Street is known as 'BBQ Street,' To Lich street is called 'Mixed Fruit Street,' and Tong Duy Tan Street is dubbed 'Food Street.' Weekends in the Old Quarter are especially busy, with groups of tourists and locals gathering in the area for entertainment and food, art performance venues, and karaoke parlors. The pedestrian street around Hoan Kiem Lake has also been a major … [Read more...] about Hanoi seeks to develop night economy

Representatives of 29 tourism businesses from Ha Noi, HCM City and the north-central region signed agreements to link tourism development on July 1 in Nghe An Province. — VNA/VNS Photo Van Ty Tourism links would boost activity in each locality, contribute to the promotion of local tourism brands in the domestic market and enhance the competitiveness of Vietnamese tourism in the international market, vice chairwoman of the HCM City People's Committee Phan Thi Thang said at a recent forum on linking tourism development. The forum was held in Nghe An Province last Friday to foster tourism links between Ha Noi, HCM City and six north-central provinces of Nghe An, Ninh Binh, Thanh Hoa, Ha Tinh, Quang Binh and Quang Tri. Phan Thi Thang said besides tourism links within the north-central region, the six provinces needed to boost tourism cooperation with key tourism regions, and create unique tourism products. “With experience in developing tourism linkages with other regions, HCM … [Read more...] about Ha Noi, HCM City foster tourism links with north-central region