SPECIAL

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.



New procedures for unlisted public firms New procedures for unlisted public firms

(Mar 04, 2015)

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.

Government issues new rules for businesses in transportation sector

On September 10, 2014, the government issued Decree No 86/2014/ND-CP (Decree 86) on the transportation business and business conditions.

Investors need policy updates

Projects in which the Prime Minister must approve the investment policy and the authority that will issue investment certificates are some of the issues that enterprises need to know about while investing in Viet Nam.

Modifications to Law on Enterprises

The right to decide the number of legal representatives and corporate seals, and changes in business registration procedures are some of the highlights of the Law on Enterprises 2014.

More investment incentives for raw material imports

On 26 November 2014, the National Assembly passed Law No. 67/2014/QH13 on Investment (Investment Law 2014) with many new provisions that have significant impacts for both foreign and domestic investors.

Project adjustment procedures need to be followed

While implementing investment project adjustments, it is essential for investors to determine the cases where they need to carry out registration or examination procedures in accordance with the law.

Manulife announces 25% rise in elite club for insurance advisorsManulife announces 25% rise in elite club for insurance advisors

Manulife Viet Nam has announced that its membership of the prestigious Million Dollar Round Table in Viet Nam rose by 25 per cent last year, reflecting the increasing client-centric focus and high standards of service by its advisors.

Local auto market offers hopes of growthLocal auto market offers hopes of growth

US automaker Ford reported record sales in Viet Nam every month in the latter part of 2014 as its market share rose to nearly 9 per cent. Viet Nam News speaks with Jesus Metelo Arias, managing director of Ford Viet Nam, to hear the full story and where he sees the Vietnamese auto industry in 2015.

Banking credit seen growing 13-15% in 2015 Banking credit seen growing 13-15% in 2015

Banking credit is expected to grow by 13-15 per cent this year, 1 per cent higher than last year. The target is based on this year's GDP target of 6.2 per cent.

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