Vietnam Imposes Hefty Fines for Cash Payments in Real Estate Deals
Vietnam has introduced new regulations mandating fines of up to VND300 million (approx. $12,000 USD) for real estate project developers and businesses that accept contract payments outside of bank transfers. The move aims to enhance transparency and combat money laundering in property transactions.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Vietnam Rings in New Year Amidst Festive Spirit and Economic Hopes
Vietnam ushers in the new year with widespread celebrations. Meanwhile, the nation's one-party system continues to focus on sustained economic growth and navigating its complex relationship with China.
- Vietnam's Trade Exceeds $1 Trillion: Key Markets and Future Outlook
Vietnam's total trade value surpassed $1 trillion in the first 10 months of 2026. The US is the largest export market, while China is the largest import market. This milestone underscores Vietnam's crucial role in global supply chains and highlights challenges for sustainable growth.
- Vietnamese President To Lam Embarks on Official Visit to Japan to Deepen Ties
Vietnamese President To Lam, accompanied by his wife, has commenced an official visit to Japan. The trip aims to strengthen economic, trade, and investment linkages, and foster cooperation in science, technology, and innovation. This visit signifies a move towards a new phase in bilateral relations.
- Vietnam Sets 10%+ GDP Growth Target for 2027, Signaling Drive for Economic Acceleration
Vietnam's National Assembly has passed a resolution directing the government to achieve over 10% GDP growth in 2027, signaling a strong political will for economic acceleration and national development. However, achieving this target faces significant challenges including inflation, high interest rates, and funding shortages for businesses.