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The General Department of Taxation has announced that it received US$166 million in taxes from foreign cross-border service providers. Read more: Vietnam’s Real Estate Market Turmoil Explained Tax news Tax authority’s net windfall from cross-border service providers

This acquisition is in line with other such deals in Vietnam’s stressed real estate sector, whose recovery has been compromised by a gamut of high-profile challenges over the last 12 months or so. Gamuda has eyes on a mixed-use high-rise for the land. Malaysia’s The Star is reporting that property giant Gamuda is looking to purchase Vietnam’s Tam Luc Real Estate Corporation, which owns land in Ho Chi Minh City’s Thu Duc. Real estate news Malaysian real estate firm invests in HCMC’s Thu Duc This is in line with a push by the government and the State Bank of Vietnam to facilitate lending to stimulate the economy and hit credit growth targets. Decreasing interest rates are likely a key factor but margin lending has also been on the rise, with credit now easier to access. This is a 20 percent jump on November’s performance when it was sitting at 911 points. Whereas GDP growth has slowed in the last six months, the VN stock market has been bullish with the VN-index topping 1,200 points this week. See also: Vietnam-Israel Trade: An Overview Finance news Ho Chi Minh Stock exchange hits 1,200 points Vietnam’s key exports to Israel are tech, textiles, and agricultural goods whereas imports from Israel are mostly machines, computers, and fertilizer. This has been in the works for a while and has finally been signed by both parties.

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See also: Rare Earth Mining in Vietnam: Industry Overview Trade news Israel-Vietnam sign free trade agreement Its nickel mine in Hoa Binh, north-west of Hanoi, is progressing and it has inked a deal with another Australian firm and a Vietnamese rare earth mining firm aimed at boosting Vietnam’s extraction capacity. Australian mining firm, Blackstone Minerals, however, seems to be making some headway. Mining in Vietnam has historically been a tough nut for foreign firms to crack. Here’s what happened this week.Įconomic news Australian, Vietnam mining firms ink deal for rare earth extraction Vietnam Briefing keeps track of what’s happening in Vietnam’s business and economic news so that you don’t have to.