Project
Land rent cuts aim for positive impact on business health
The National Assembly Economic and Financial Committee has submitted a draft decree on reducing land rental. The draft, handed to the National Assembly Standing Committee (NASC), is expected to be enacted by the government, pending approval.
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| Land rental reduction could help enterprises save costs and boost economic growth in the long run, photo Le Toan |
The aim is to provide more support for businesses and individuals to cope with issues, and at the same time to support organisations and individuals in localities affected by natural disasters and climate change.
Late last year, the government assigned the Ministry of Finance (MoF) to build the draft decree. The seven-article draft shall benefit land users who are directly leased land by the state under a land lease decision or a land lease contract or a land use right certificate, ownership of property affixed to land of a competent state agency in the form of annual land rental payment that was in effect in 2024.
Article 3 of the draft decree stipulated that the reduction of land rental is 30 per cent of the total land rental paid in 2024.
According to a governmental document submitted to the NASC early this month, this decrease in land rental is calculated on the amount of land rental paid in 2024 according to the law. It shall not be applied to the outstanding land rental amount of years prior to 2024 and late payment fees, if any. If the land user is entitled to a reduction in land rental according to regulations or/and is enjoying a deduction for compensation and site clearance money according to the law on land rental, the land rental reduction shall be calculated on the amount of land rental paid (if any) after being reduced or/and deducted according to the law.
In order to benefit from such a reduction, land users shall have to submit to the tax agency a dossier, which includes their request for land rental reduction under a form. They shall be responsible before the law for the truthfulness and accuracy of the information and their request.
Moreover, the dossier must also include a copy of the land lease decision or a land lease contract or rights certificate, and ownership of assets affixed to land issued by a competent state agency. The deadline for the dossier submission is May 31.
The MoF’s Department of Taxation has calculated that this land rental reduction will be valued at around VND4 trillion ($160 million), or 0.26 per cent of the state budget revenue per year, and 9 per cent of total state budget revenue from land rental payment per year.
At a December conference on reviewing tax work in 2024 and implementing related tasks in 2025, the department reported that the total state budget revenue in 2024 managed by the tax authority was estimated at VND1.732 quadrillion ($69.28 billion), equivalent to 116.5 per cent of the estimate (exceeding VND245.587 trillion or $9.82 billion), up 113.7 per cent as compared to the realised figure in 2023.
“Thus, the budget revenue estimate for 2024 has been achieved and exceeded. So, the land rental reduction under this policy does not significantly affect the state budget revenue in general, but it will have a great impact on the recovery and development of production and business of organisations, individuals, households, and businesses,” stated Deputy Minister of Finance Bui Van Khang. “It will help increase budget revenue from taxes, such as personal income tax and corporate income tax, to compensate for the decreased revenue caused by the reduction in land rental.”
Over past years, such a reduction has also been applied to assist enterprises. The government reported that the amount of land and water surface rental reduced according to the prime minister’s decisions for 2020-2023 was VND2.89 trillion ($115.6 million). The average sum for 2021-2023 came in at VND3.734 trillion ($149.36 million).
“This has contributed to supporting businesses, organisations, units, households, and individuals in overcoming difficulties caused by the impact of the COVID-19 pandemic so that they could soon recover production and business activities,” the government document read.
The MoF has also proposed that the government consider and consult the NASC on the development of a governmental decree on the reduction of land rental for the following years under the authority prescribed in the Law on Promulgation of Legal Documents in case of necessity.
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Troy Griffiths, deputy managing director Savills Vietnam
The draft decree includes seven articles that shall benefit land users who are directly leased land by the state under a land lease decision, contract, or rights certificate, with ownership of property affixed to land of a competent state agency in the form of annual land rental payment that was in effect in 2024. Of this, the draft decree stipulated that the reduction of land rental is 30 per cent of the total land rental paid in 2024. Whilst still at an early stage of discussion, these are tremendous policy initiatives, aimed at pursuing economic growth and social reform. They are in concert with a raft of proposals around social housing that is a priority and will allow more economically feasible development to boost this much needed asset class. Other land issues remain under discussion, but the overall theme is to reduce the capital burden of leaseholders, as well as incentivise certain industries and make land recovery fairer. If leaseholders have rental concessions, then they have greater capital to invest in other areas. In agriculture this may be machinery, stock, or seed. In industry property, it may be plant and equipment or factories. Freed of the cost associated with their leasehold, then investment into growth improvements can occur. David Jackson, CEO, Avison Young Vietnam
The reduction would apply to public land leased by the government to businesses for investment, development, and operations. First implemented in 2020 to support businesses during the pandemic, this policy has been extended annually. While not new, it remains a crucial measure to recover production, stimulate business activities, and inject cash flow into the economy. For businesses, households, and individuals paying annual land rent, this reduction eases financial pressure, enabling them to maintain and expand operations. Particularly amid ongoing global trade tariff issues, the policy provides real estate investors with added stability and strategic planning advantages. However, with local governments implementing new land pricing frameworks under the 2024 Land Law, the impact of this reduction varies by province. Ensuring a balanced and competitive real estate market requires thoughtful policy implementation and a long-term vision, allowing businesses and investors to plan effectively for sustainable growth in Vietnam. Nguyen Thi Bich Ngoc, founder and CEO Senvang Group
The policy of a 30 per cent land rent cut for 2024 is a significant financial support measure that helps ease cost pressures for real estate businesses, particularly those leasing land from the state for development. With lower input costs, firms can better manage their cash flow, enhancing their competitiveness and enabling more reasonable sales and rental price adjustments. This will support companies in a market still facing many challenges such as high interest rates, low liquidity, and substantial cost pressures. Furthermore, this policy stimulates investment, particularly in the industrial real estate sector, a segment with high demand and significant potential. Reducing land costs may also encourage new project development, increasing supply, stabilising property prices, and attracting additional foreign direct investment. Despite its advantages, this policy is unlikely to have a lasting effect. Not all businesses will benefit, particularly those that own land or have long-term leases with pre-paid contracts, since the policy will only take effect in 2025. Additionally, its impact is not as significant as the land rent exemption and reduction policies from previous years. To maximise its effectiveness, complementary measures like legal reforms, credit support, and long-term policies are needed to create a more stable business environment for companies. |
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CAESAREA, Israel, March 26, 2025 /PRNewswire/ — Alma Lasers, a Sisram Medical company and a global leader in energy-based medical and aesthetic solutions, announced today the global debut of the latest edition of its award-winning aesthetics platform, Alma Harmony. Built on a distinguished 20-year legacy, Alma’s new platform features stunning modern design and substantial upgrades to offer more treatment possibilities and a simply intelligent experience.
With up to a 45%* increase in energy, the new Alma Harmony offers the robust capabilities of standalone lasers in a single, sophisticated platform; *Compared to Harmony XL PRO using specific parameters
Alma Harmony takes a huge leap forward in patient personalization. The new evolution is powered by the five of the most in-demand technologies, brilliantly integrated to provide a comprehensive range of treatments for almost any indication or skin type: the Q-Switch Laser stimulates collagen and treats pigmentation by targeting dermal layers, the Fractional Ablative laser creates pixel-sized perforations in the skin, inducing rejuvenation while preserving surrounding tissues for quicker recovery, Intense Pulsed Light (IPL) offers a balanced approach to aesthetic improvements across a wide range of patient skin types and concerns, Non-Ablative Lasers rejuvenate skin by promoting collagen production from within the dermis and the Green Diode Laser precisely treats vascular lesions, enhancing both efficacy and safety.
With up to a 45% increase in energy*, the new multiplatform offers the robust capabilities of standalone lasers in a single, sophisticated platform. This enhanced energy enables practitioners to address the diverse needs of patients—across different ages, skin types, and treatment goals—and to provide clinically proven treatments for the most in-demand categories, such as skin resurfacing, skin rejuvenation and tightening, hair removal, acne and acne scars, vascular lesions, pigmented lesions, and tattoo removal, to name a few.
Designed to enhance efficiency, simplicity, and ease of use, the new Alma Harmony includes advanced automated features such as customizable presets, ergonomically designed applicators, and functionality that makes operation seamless.
“The majority of the skin conditions we treat need more than one light or laser at the same time in the same session, and to work with a platform where you can have very easy connection enables us to do really personalized treatments with multiple wavelengths, multiple lights, to achieve the depth and the chromophore we want to target to achieve good results in those specific diseases” said Dr. Pablo Naranjo, MD, PhD, Medical Director of Elite Laser Clinic & Laser Unit at NISA Hospital, Madrid, Spain. “The new Alma Harmony allows me to have the same power as standalone lasers in an all-in-one platform and to achieve the next level of results with my patients” he added.
Recently, Alma Harmony won the European Product Design Award in the Healthcare category, recognized for its innovation and design excellence.
Lior Dayan, CEO of Alma, said: “After years of development, we are proud to introduce Alma Harmony to the global market. Combining cutting-edge technology with innovative design, every detail has been meticulously crafted to offer a seamless and intelligent user experience”
He added, “Alma Harmony sets a new standard for functionality, versatility, and performance. The new flagship multiplatform allows professionals to combine synergetic technologies to effectively treat a wide range of aesthetic concerns, addressing the growing consumer demand for combination procedures for longer-lasting results and a shorter recovery, while enhancing both practitioner efficiency and patient experience to unprecedented levels”
Aiming to support clinic business offerings and increase visibility, Alma is launching the new platform together with Harmony Bio-Boost, a branded treatment tackling today’s most in-demand category—skin rejuvenation.
Harmony Bio-Boost, currently exclusive to Alma Harmony users, is a quick and effective treatment that harnesses the skin’s natural healing process and leverages the power of bio stimulation to deliver enhanced results. This treatment enables improvement in skin tone and texture and serves as a catalyst for collagen renewal and elastin production that continues to work up to six months** post-treatment.
*Compared to Harmony XL PRO using specific parameters **After a non-ablative fractional laser treatment.
SYDNEY, March 26, 2025 /PRNewswire/ — Roborock, a global leader in ultra-intelligent home robotics, is bringing its latest lineup of advanced cleaning solutions to the Australian market. Showcased at its recent launch event in Sydney, the Saros Series, F25 Series, and Qrevo EdgeC are set to revolutionise home cleaning with next-generation automation, powerful suction, and innovative design.
event photo
Roborock turned up the volume to mark its biggest Australian launch yet. Themed ‘Rocking a New Era’ with a performance by multi ARIA award-winning Australian musician, the event immersed guests in the next generation of smart cleaning, with interactive demo zones spotlighting the standout features of the Saros Series, Qrevo EdgeC, and F25 Series. From robotic arms that clear your socks, to vacuums that mop and self-dry, attendees got hands-on with the future of home cleaning.
This announcement follows Roborock’s continued global dominance, with the brand ranking #1 in global sales volume and turnover among Robotic Vacuum Cleaner (RVC) brands in IDC’s 2024 Q4 Worldwide Smart Home Device Tracker. Roborock holds 22.3% of the global RVC market share, reflecting an impressive 20.7% year-over-year increase in unit shipments.
“This is a milestone year for Roborock in Australia,” said Richard Chang, Founder & CEO of Roborock. “As a global leader in smart home cleaning, we are doubling down on our commitment to delivering cutting-edge innovation tailored to Australian consumers. With the launch of the Saros Series, we’re introducing game-changing features like the OmniGrip robotic arm and RetractSense™ navigation system, setting new standards for intelligent cleaning. Alongside the powerful F25 Series and our advanced mid-range lineup, we’re proud to bring these innovations to Australia, ensuring every home can experience the power of truly intelligent cleaning.”
Introducing the Saros Series: Intelligent Precision Meets Power
The Roborock Saros Series redefines premium robotic cleaning with state-of-the-art AI-driven navigation, industry-leading suction power, and next-gen mopping technology.
- Roborock Saros 10 (RRP: $2,999 AUD) – Roborock’s slimmest and smartest robotic vacuum yet, the Saros 10 features the first-ever RetractSense™ Navigation System, which enhances traditional LDS navigation by allowing the module to retract inwards when passing under low-clearance furniture while maintaining a 100-degree wide field of view**. At just 7.98 cm tall, this flagship model integrates Roborock’s most advanced cleaning technologies, including VibraRise® 4.0 mopping, AdaptiLift™ Chassis, Reactive AI 3.0 obstacle recognition, and a powerful 22,000Pa HyperForce® suction system.
- Roborock Saros 10R (RRP: $2,899 AUD) – Taking robotic vacuum intelligence to the next level, the Saros 10R is equipped with StarSight™ Autonomous System 2.0, a cutting-edge AI navigation system. Instead of relying on a traditional Laser Distance Sensor (LDS) tower, it integrates dual-light 3D Time-of-Flight (ToF) technology and an RGB camera, delivering an ultra-precise 3D environmental map and real-time obstacle detection.
- Roborock Saros Z70 (RRP: $3,999 AUD) – The most feature-rich robotic vacuum cleaner in the series, the Saros Z70 introduces OmniGrip – the first-of-its-kind mass-produced* foldable robotic arm with five-axis movement. This innovative feature allows the vacuum to clean previously obstructed areas and handle small items such as socks, small towels, tissue paper, and sandals under 300g**.
Roborock Qrevo EdgeC: Precision-Driven Performance
Built for homes requiring edge-to-edge cleaning, the Qrevo EdgeC (RRP: $2,199 AUD) is designed with advanced edge-cleaning technology, powerful 18,500Pa suction, dual anti-tangle brush system, and optimised navigation to tackle every corner effortlessly.
Roborock F25 Series: Smart, Versatile Cordless Cleaning
Packed with smart and powerful features, the Roborock F25 Series allows users to spend less time cleaning and more time living.
- Roborock F25 (RRP: $699 AUD) – Designed for effortless cleaning, the F25 delivers one-stroke wet and dry cleaning with 20,000Pa suction power and 450 cleaning strokes per minute, ensuring a spotless finish with minimal effort.
- Roborock F25 Ace (RRP: $999 AUD) – Taking cleaning a step further, the F25 ACE includes an automatic detergent dispenser, intelligently adjusting the cleaning solution for different surfaces based on real-time dirt detection. SlideTech 2.0 motorised wheels offer smooth maneuverability, even in tight spaces, while dual brushless motors provide effortless control. Like the F25, it features JawScrapers technology for a tangle-free clean, along with smart self-cleaning, hot air drying, and voice alerts for real-time updates.
Roborock is also launching four additional robotic vacuums in Australia, ensuring smart cleaning solutions at every price point:
Expanding the Entry-Range Lineup
- Roborock Q10V+ (RRP: $1,299 AUD) – Designed for powerful performance, the Q10V+ delivers 10,000Pa HyperForce® suction, a Dual Anti-Tangle system, and Reactive Tech Obstacle Avoidance, ensuring uninterrupted cleaning. The VibraRise® 2.0 mopping system and self-emptying dock provide a hands-free, all-in-one cleaning solution.
- Roborock Q7T+ (RRP: $799 AUD) – Equipped with 8,000Pa HyperForce® suction, this model tackles dust and debris with ease across all surfaces. The Dual Anti-Tangle system keeps hair from clogging the brushes – so you don’t have to. It pairs seamlessly with a Self-Emptying Dock for truly hands-free cleaning.
Strengthening the Mid-Range Offering
- Roborock Qrevo C (RRP: $1,699 AUD) – Elevating mid-range cleaning, Qrevo C features 12,000Pa HyperForce® suction, Reactive Tech Obstacle Avoidance, and a Dual Anti-Tangle system to prevent hair buildup. The 200 RPM Dual-Spinning Mop ensures deep stain removal, while the Maintenance Dock with Heated Drying keeps the device hygienic and ready for use.
- Roborock Qrevo L (RRP: $1,499 AUD) – With 10,000Pa HyperForce® suction, an Anti-Tangle Side Brush, and Reactive Tech Obstacle Avoidance, the Qrevo L takes on dirt, hair, and everyday obstacles with ease. Its 200 RPM Dual-Spinning Mop delivers a deep, streak-free clean—while the Maintenance Dock handles the dirty work, cleaning and drying the mop for you.
A Legacy of Innovation and Leadership
Roborock’s global leadership is reinforced by its commitment to cutting-edge R&D and premium automation technology. The brand continues to dominate international markets, taking a leading position in United States and China, also ranking as the #1 selling RVC brand in volume across major regions, including Denmark, Finland, Germany, Norway, South Korea, Switzerland, and Turkey according to IDC’s 2024 Q4 Worldwide Smart Home Device Tracker.
Pricing and Availability in Australia
The Roborock Saros 10, Saros Z70, Qrevo EdgeC, and F25 Series is now available to purchase on Roborock Australia’s official retail channels, such as Roborock’s Official Online Store and other Participating Authorised Retailers. The Roborock Qrevo C, Qrevo L, Q10V+, Q7T+ will be available starting from April 2025. The Roborock Saros 10R will be available starting from May 2025.
For more information, visit https://au.roborock.com/.
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