Thursday, 24 April 2014
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Japan Desk assists Japanese investors in Ha Noi Japan Desk assists Japanese investors in Ha Noi

The Investment Promotion Centre under Ha Noi's Department of Planning and Investment and Forval Vietnam jointly launched the Japan Desk on April 11 to assist Japanese investors in the city.


Two companies pay VND180 billion in tax arrears Two companies pay VND180 billion in tax arrears

Shareholders of the Pho 24 Commerce and Service JSC and the Hoan My Sai Gon Hospital JSC will pay more than VND180 billion, or US$8.57 million, in tax arrears.


Banking scam trial postponed Banking scam trial postponed

The Ha Noi People's Court yesterday decided to postpone the trial of Nguyen Duc Kien, former vice chairman of the founding council of the Asia Commercial Bank (ACB), because one of his alleged eight accomplices was absent due to poor health.


Toyota Viet Nam to recall 42,772 vehicles Toyota Viet Nam to recall 42,772 vehicles

Toyota Viet Nam (TMV) said it is preparing to recall 42,772 units of Innova and Fortuner for checking and replacing the spiral cable of driver's airbag.



Profits can go abroad after paying due dues Profits can go abroad after paying due dues

(Apr 23, 2014)

To create a safe investment environment for foreign investors, Vietnamese laws guarantee their right to legally transfer profits abroad after completely discharging their financial obligations to the State.

Circular outlines IT spending criteria

The Ministry of Information and Communications (MIC) has issued Circular No. 01/2014/TT-BTTTT (February 20, 2014) that provides the criteria and list of domestic information technology (IT) products and services eligible for priority in investment and procurement using the state budget funds or funds originating in the state budget.

SBV circular sets restrictions for credit institution ‘families'

The total credit limit granted to founding shareholders, major shareholders, family members and related parties must not exceed 5 per cent of the charter capital of a credit institution.

VN amends investment law to boost efficiency

The amended Law on Investment will have regulations for the strict management of projects with large amounts of registered capital, according to Deputy Minister of Planning and Investment Nguyen Chi Dung.

Legal protection for trade secrets

A trade secret is highly confidential and sensitive information entrusted only to a select group of individuals within a company.

SBV bans carrying gold into Viet Nam

Vietnamese and foreign individuals have been banned from carrying gold bars and gold raw materials when leaving or entering Viet Nam from May 15.

Circular clarifies working conditions and permit requirements for foreigners

The Ministry of Labour, War Invalids and Social Affairs (MOLISA) issued a circular (No. 03/2014/TT-BLDTBXH dated 20 January 2014) containing implementation guidelines for a Government Decree (No. 102/2013/ND-CP) that deals with foreigners working in the country.

Guidelines set for foreign investors' portfolio investment accounts

Circular 05/2014/TT-NHNN (12 March 2014) issued by the State Bank of Viet Nam (SBV) contains guidelines on opening and using indirect investment capital accounts for implementing foreign indirect investment activities in Viet Nam.

Finance ministry circular details new pricing model for goods, services

On 17 February, 2014, the Ministry of Finance issued Circular No 25/2014/TT-BTC outlining the common methods for determining the prices of goods and services ("Circular 25").

Electronic gaming for foreigners

The Ministry of Finance ("MOF") issued Circular No 11/2014/TT-BTC (January 17, 2014) providing guidelines on electronic gaming for foreigners.

Decree expands reach of social insurance fund

Contract employees and foreigners authorised to work in Viet Nam would be included in the Government's social insurance program, under a new draft revision to the Law on Social Insurance, compiled by the Ministry of of Labour, Invalid and Social Affairs.

Syrena Vietnam begins construction of Crowne Plaza hotelsSyrena Vietnam begins construction of Crowne Plaza hotels

Syrena Vietnam JSC has begun the construction of two 5-star hotels in Phu Quoc and Vientiane to meet the growing demand of tourists.

Chartered accountants abide by code of ethicsChartered accountants abide by code of ethics

Martin Turner, president of the Association of Chartered Certified Account-ants Global, shares his views with Viet Nam News on the code of ethics and standards in accounting as well as career orientation and professional development in the fields of accounting and auditing.

First Vietnamese caravan finished off-road trip to Tibet and Mount Everest First Vietnamese caravan finished off-road trip to Tibet and Mount Everest

The first Vietnamese caravan team finished its 6,000km auto trip from HCM City to Tibet and Mount Everest base camp on Sunday. Autodaily introduced a series of photos taken by the team members.

Has VN entered the middle-income trap? Economists cannot agree Has VN entered the middle-income trap? Economists cannot agree

Becoming a middle-income country has brought enormous challenges for Viet Nam, including the danger of getting caught in the so-called middle-income trap.

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