VN firms can succeed in huge halal food market VN firms can succeed in huge halal food market

While Muslims are a minority in Viet Nam, the halal food industry here has great potential, Abdullah Abdulrohman, director of the Halal Viet Nam Export and Import Co Ltd, said.

Investor for Phu Quoc passenger port project approved Investor for Phu Quoc passenger port project approved

The Cuu Long (Mekong) Delta province of Kien Giang has chosen the investor for the development of the build-operate-transfer (BOT) section of the Phu Quoc international passenger port.

Vingroup to enter the exhibition and fair industry Vingroup to enter the exhibition and fair industry

Property developer Vingroup has contributed nearly VND1.5 trillion to become a strategic stakeholder of the Viet Nam Exhibition and Fair Centre JSC after acquiring an 89.42 per cent stake in the Viet Nam Exhibition Fair Centre One Member Co. Ltd. (VEFAC).

BIDV confirms merger with MHB BIDV confirms merger with MHB

The management board of the Bank for Investment and Development of Viet Nam (BIDV) announced its plan to merge with the Mekong Housing Bank (MHB) at a shareholders meeting on April 17.

Regulations to be enacted for indirect investments abroad Regulations to be enacted for indirect investments abroad

(May 27, 2015)

Investing abroad through trading securities will be regulated by a decree which has been drafted by the State Bank of Viet Nam to clarify Investment Law 2014.

More enterprises to get customs priority status

Enterprises will have more chances to be granted priority status in customs procedures and the inspection and supervision of exports and imports, following a new regulation of the finance ministry.

Rules made for waste imports

Enterprises are required to conform to certain conditions regarding waste import and the materials allowed to be imported, in order to obtain permission to import plastic waste as production material.

Ministry cuts interest on State investment

In a move to ease businesses' access to loans, the Ministry of Finance this week cut interest rates on State investment and export credit.

Stock exchanges to manage SOE shares

The Ministry of Finance, currently drafting a circular to regulate the sale of share lots offered by equitising State-owned enterprises (SOE), said it hopes to finalise the draft by the end of the month.

Foreign businesses should follow norms for opening branches

Foreign businesses (FBs) wishing to establish representative offices (ROs) and branches in Viet Nam are recommended to take notice of statutory conditions, dossier components, orders, procedures, and required tasks.

Agriculture investments entitled to incentives

Exemption and reduction in land rent, cost support for advertising, vocational training, and base construction investment are among the incentives and facilitation that enterprises enjoy while investing in agriculture and rural areas.

Firms in export processing zones have special rights

An Export processing zone (EPZ) is an industrial zone where enterprises specialising in manufacturing exports, providing services for the production or manufacture of exports, and export activities come together.

New provisions regulate real estate business contracts

The legal capital of a real estate enterprise must not be less than VND20 billion (US$921,000) under the new Law on Real Estate Business, which becomes effective on July 1.

Significant changes made to JSC management and organisation

Significant changes in the management and organisation of joint stock companies (JSCs) have been made in the 2014 Law on Enterprises, which will take effect on July 1.

Invoices, documents a must for imported goods

Enterprises in the circulation of imported goods in the market should follow important regulations on invoices, documents (showing their type and time limits on production), and the handling of violations.

Hoa Sen steel chief in line for global business honourHoa Sen steel chief in line for global business honour

Le Phuoc Vu, chairman of giant steel maker Hoa Sen, has been nominated for the EY World Entrepreneur of the Year award, accounting firm Ernst and Young Viet Nam announced on Monday.

IFRS to make VN's enterprises more financially transparentIFRS to make VN's enterprises more financially transparent

The implementation of International Financial Reporting Standards (IFRS) will make Vietnamese enterprises become more financially transparent and better at financial risk management so as to efficiently manage their corporate's assets.

Inward remittances continue to rise in HCM City Inward remittances continue to rise in HCM City

Overseas Vietnamese have sent home remittances of US$1.4 billion through HCM City-based banks in the first four months of this year, a year-on-year increase of 19.6 per cent.

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