Focus: More Opportunity To Come: Italian investments in design, fashion, and technology have surged, strengthening economic ties and promoting Italian culture and cuisine. In an interview with The Saigon Times, Enrico Padula, Consul General of Italy in HCMC, highlights significant strides in the bilateral relationship between Italy and Vietnam over the past decade.
Inside Vietnam
Softer Tax For Micro Enterprises: To support micro and small enterprises in capital accumulation and business development, the Ministry of Finance has proposed a tax rate of 15-17% for businesses with annual revenue not exceeding VND50 billion in the preceding year, instead of the current single rate of 20%.
Tight Real Estate Credit: That the three real estate-related laws began taking effect on August 1, 2024 is expected to give a much-needed boost to the real estate market. Credit for the real estate sector is projected to recover quickly, but this will also bring risks if not tightly controlled.
Real Estate Project Transfers: The three most important legal documents governing the real estate market – the 2024 Land Law, the 2023 Real Estate Business Law, and the 2023 Housing Law – came into force on August 1, 2024. Combined with relevant provisions in the 2024 Credit Organizations Law, these laws will have strong impact on the real estate market in Vietnam.
Business
Unlocking Finance For Green Growth: Raising funds for green growth remains challenging due to various factors, including legal gaps.
A More Positive Trend: The Q2 earnings report season has so far painted a vibrant picture although significant divergence has caused sharp variations in revenue and profit growth across different sectors, and even within the same industry.
Living
Finding New Calling: Six years ago, an 18-year-old man set foot in Vietnam for the first time. What began as a simple travel experience soon turned into an inspiration to write about the country. In an interview with The Saigon Times, Liam Greenwell, a U.S. citizen, shares his journey exploring Vietnam and its people before embarking on a new chapter in his life—a PhD program in anthropology.
Everyday Adventures In Mangrove Forest: The Can Gio mangrove forest is located in Can Gio District, about 40 kilometers from downtown HCMC. Recognized by UNESCO as a world biosphere reserve on January 21, 2000, the forest spans over 70,000 hectares, including a 4,000-hectare core area.
Travel
The Enigmatic Allure Of Pu Sam Cap Cave: Pu Sam Cap Cave, renowned for its majestic stalactite formations and pristine natural beauty, has become a must-visit destination for tourists exploring the wilderness of Lai Chau Province.
Nha Trang’s Delight: The Enchanting Mango Cake: Mangoes are a staple fruit in Khanh Hoa Province, and during the harvest season, locals turn these ripe fruits into the beloved mango cake. This rustic yet delightful treat boasts a tangy-sweet flavor and a subtle, fragrant mango aroma that captivates diners.
