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vietnam law

Detailed guidance needed to have new insurance agency policy run smoothly

Detailed guidance needed to have new insurance agency policy run smoothly

Due to confusion, some banks have temporarily suspended the sale of insurance products, causing their revenue to decline sharply since the law took effect.
Central bank to keep watch on bancassurance activities

Central bank to keep watch on bancassurance activities

Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).
Govt may withdraw environmental tax hike proposal

Gov't may withdraw environmental tax hike proposal

The Government is considering withdrawing a proposal from the finance ministry to increase environmental taxes on fuel products to the maximum of VND8,000 (US$0.35), stating the move requires further consideration.
After 30 years, FDI still pays dividends for VN

After 30 years, FDI still pays dividends for VN

It has been 30 years since Viet Nam promulgated the Law on Foreign Investment on December 29, 1987. This was an important milestone that made it possible for Viet Nam to open up its economy and integrate with the world. Many global leading companies...
MoF draft law gives taxpayer interests a nod

MoF draft law gives taxpayer interests a nod

Taxpayers will have the right to know the time limit for tax refunds and non-refundable tax amount with legal grounds, according to a draft revision for the Law on Tax Management.
Cyber security regulations should ensure business rights

Cyber security regulations should ensure business rights

The cyber security law should be built on a careful assessment of its impacts on businesses and ensure the development of information technology and telecommunications.
Government advised to widen definition of public debt

Government advised to widen definition of public debt

The Government should consider international practices to re-define its public debt in the revised Law on Public Debt Management that is scheduled for submission to the National Assembly late this month.
Experts urge business environment reforms

Experts urge business environment reforms

If Viet Nam does not improve its business environment by simplifying administrative procedures and cutting business costs, the country will fall behind, experts warned at a workshop in the capital on Thursday.
Viet Nam targets more FDI with new legal framework

Viet Nam targets more FDI with new legal framework

Viet Nam plans to improve its legal framework to a favourable investment environment and help the state better manage these activities, said an official from the Ministry of Planning and Investment at a seminar in Ha Noi yesterday.
New legislation for foreign Internet providers approved

New legislation for foreign Internet providers approved

Foreign companies such as Facebook and Google must adhere to Vietnam''s regulations and laws on the management, provision and use of Internet services and electronic information on the Internet.