Forbes names Vingroup boss again in rich list Forbes names Vingroup boss again in rich list

Founder and chairman of Vietnamese firm Vingroup Pham Nhat Vuong has once again been named by American business magazine Forbes in the list of the richest persons on the planet.

PM reiterates Formosa's investment term while accepting mistakes PM reiterates Formosa's investment term while accepting mistakes

Prime Minister Nguyen Tan Dung has agreed to maintain an investment term of 70 years for the Taiwan-invested Formosa project in the central Ha Tinh Province.

More remittances to fund property purchases More remittances to fund property purchases

Viet Nam is expected to see rising remittances enter the property market, following the amended housing law that allows Viet Kieu (overseas Vietnamese) to own a house in the country.

Viet Nam's e-commerce revenue in 2014 touched $3b Viet Nam's e-commerce revenue in 2014 touched $3b

Business-to-customer (B2C) e-commerce in Viet Nam garnered a total revenue of US$2.97 billion in 2014, accounting for 2.12 per cent of the country's gross retail sales of goods.

Decree 05 clarifies labour relations Decree 05 clarifies labour relations

(Mar 25, 2015)

On January 12, 2015, the government of Viet Nam issued Decree No 05/2015/ND-CP (Decree 05), providing for the rights and obligations of employers and employees.

New regulations set for transfer of real-estate projects

New regulations have been formulated for the transfer of real-estate projects under a new "Law on Real-Estate Business," which will take effect from July 1.

Contracts allow foreign investors to operate in VN

Foreign investors can constitute their commercial presence in Viet Nam in the form of business co-operation contracts, foreign-invested enterprises and branches or representative offices following current regulations.

Decree outlines PPP investment mechanisms

After nearly two years of drafting and stakeholder consultation, the Vietnamese government has promulgated a unified legislation (Decree No 15/2015/ND-CP) that governs private-public-partnership (PPP) investment projects (PPP Decree).

New regulations govern labour discipline violations

On January 12, 2015, the government promulgated Decree No 05/2015/ND-CP, detailing the rules of labour discipline, which came into effect from March 1, 2015.

New procedures for unlisted public firms

The Ministry of Finance (MoF) issued Circular No 01/2015/TT-BTC ( January 5, 2015) guiding procedures for unlisted public companies and delisted public companies to register to trade securities on the Stock Exchange.

Foreign workers must stay up-to-date on residence rules

Foreign employees can reside in Viet Nam either temporarily or permanently, depending on certain conditions.

New decree changes contract procedures

Government Decree 05/2015/ND-CP was issued on January 12, 2015, guiding implementation of a number of issues in the Labour Code.

New investment policies to take effect

The Law on Investment 2014 (coming into effect on July 1st, 2015) shall contain significant changes, in comparison with existing provisions, specifically in investment forms, new regulations on Investment Registration Certificate, and projects entitled for investment incentives.

Customs dep't offers preferential treatment

Customs and storage agencies will be allowed to give preference to qualified businesses in a move to encourage the businesses, according to a newly-issued Government decree.

Circular regulates foreign currency lending

The State Bank of Viet Nam (SBV) recently issued Circular No. 43/2014/TT-NHNN (December 25, 2014) on lending in foreign currency by credit institutions and foreign bank branches to residents.

BIDV-MetLife JV launches new productBIDV-MetLife JV launches new product

BIDV MetLife—a joint venture (JV) between Vietnam's leading bank BIDV and U.S. life insurer MetLife—have launched Gia An Toan Mt (EduCare), an innovative child education savings insurance product.

PPP decree to attract investmentPPP decree to attract investment

The Tendering Management Department under the Ministry of Planning and Investment introduced a decree, governing private-public-partnership (PPP) projects in Viet Nam yesterday, at a meeting in Ha Noi.

PR firms remain attractive for foreign buyers PR firms remain attractive for foreign buyers

Earlier this month Japanese multinational media and digital marketing communications firm Dentsu Aegis Network signed an agreement to acquire a stake in Emerald Co. Ltd, a leading full service digital marketing agency in Viet Nam.

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