Viet Nam: The Quiet Economic Success Story Of Asia Viet Nam: The Quiet Economic Success Story Of Asia

The signs of Viet Nams economic development are visible on the skyline of HCM City, or Saigon as it is still referred to by most who live here.

TPP officially signed, promising benefits for Asia Pacific citizens TPP officially signed, promising benefits for Asia Pacific citizens

Trade and economy ministers from 12 countries signed the Trans-Pacific Partnership (TPP), the biggest trade deal in history, in Auckland, New Zealand yesterday.

Clients warned about borrowing risks Clients warned about borrowing risks

Consumers have been urged to think twice before using borrowing for consumption from commercial banks and financial companies as they rush to prepare for Tet (Lunar New Year Festival).

Real estate inventory drops as market deals taper off Real estate inventory drops as market deals taper off

The real estate sector reported a reduction of VND1.75 trillion (USVND1,738,386 million) in inventory in January from last month to an estimated value of VND49.1 trillion VND (VND48,906 billion).

New regulations on employee sickness, maternity take effect New regulations on employee sickness, maternity take effect

(Feb 03, 2016)

Circular No. 59/2015/TT-BLDTBXH, dated December 29, 2015, details and provides guidance on the implementation of provisions of the Social Insurance Law on Compulsory Social Insurance, which contains numerous new regulations regarding sickness and the maternity regime.

Regulations govern investment supervision, evaluation

Investors are obliged to implement a regime of investment supervision and evaluation and report to the competent investment authorities, while implementing projects in Viet Nam.

Business registration rules to take effect

Specific forms for business registration have recently been introduced in Circular 20/2015/TT-BKHDT (Circular 20) to be applied consistently across the nation.

Pros and cons of VN's commercial entities

According the Viet Nam Law on Enterprises, the four common types of business entities at present are private enterprises, partnerships, joint stock companies and multi-member and single-member limited liability companies.

Lending in foreign currency regulations

The State Bank of Vietnam (SBV) has issued Circular No. 24/2015/TT-NHNN on providing foreign currency loans by credit institutions and foreign bank branches to residents.

Importers must heed rules for invoices

Enterprises circulating imported goods in the market should heed the important regulations on invoices, documents, such as their types and time limits of production, and the handling of relevant violations.

New laws promote social enterprises in Viet Nam

The concept of social enterprise first appeared in the United Kingdom about four centuries ago, before spreading to other countries. However, it continues to be a new idea in Viet Nam even today.

Insurance rules take effect

Decision No 959/QD-BHXH promulgated on September 9, 2015, provides detailed regulations concerning the subjects, pay rate and salary paid for insurance policies of employees of enterprises in Viet Nam.

VN tax breaks for troubled investments

The 60-day deferral of Value Added Tax (VAT) payments on importation and VAT refunds are the tax incentives Viet Nam applies to investment projects facing objective financial problems.

Situations in which VN joint stock firms can adjust capital

Adjustment of par value of shares, acquisition, recovery and conversion of bonds, stock issuance are the circumstances under which joint stock companies are permitted to increase or decrease their charter capital.

Decree eases foreign investment procedures

Foreign investors who buy shares in or contribute capital to economic organisations won't have to deal with procedures involved in investment certification, according to a new decree.

Co.opmart, Co.opXtra offer biggest ever discountsCo.opmart, Co.opXtra offer biggest ever discounts

As part of their "10 ngay giam gia het ga" (10 days of offering maximum discounts) promotion, Co.opmart and Co.opXtra supermarkets have cut prices of Tet-related products like confectionary, sweets, Chinese-style sausages, fruits and vegetables, and eggs sharply to almost cost.

Consumer confidence holds back e-commerce growthConsumer confidence holds back e-commerce growth

Viet Nam News Agency reporter Tran Trung interviewed Tran Van Trong, deputy chief of the Viet Nam E-commerce Association, regarding the potential customers of e-commerce.

Viet Nam telecom firms all set for 4G race Viet Nam telecom firms all set for 4G race

On January 18 Viet Nam Posts and Telecommunications Group (VNPT) began commercial testing of its 4G, or fourth generation mobile telecom technology, services in HCM City and the Phu Quoc Island, with speeds reaching as high as 100 Mbps.

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