Author: the-shiv

This archive features news articles written by our staff team. To learn more about the-shiv, visit our about page.

Real estate: Vietnam ministry proposes rolling back last year’s market-based land pricing

Vietnam’s Ministry of Agriculture and Environment has proposed amending the Land Law to remove market-based principles in land price determination, giving the State full authority to set prices, Tap Chi Tai Chinh has reported. This comes barely a year after a new Law on Land took effect which scrapped the centrally set five-year price list and allowed local governments to set annual base prices.

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Currency: Vietnam Dong weakens slightly, interbank rates climb

Vietnam’s central exchange rate inched up to 25,239 on August 7, a 7 dong increase from the previous day, according to the State Bank of Vietnam. On the unofficial market, the black market mid-rate remained unchanged at VND 26,450 per US dollar, pushing the gap with Google Finance’s rate to 235 dong or 0.90 percent.

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