Business News

[04-03-2016] The ambassador and head of the EU Delegation to Vietnam has called on the Government and enterprises to prepare for the implementation of a bilateral free trade agreement (FTA) with the European Union (EU).

[07-03-2016] Prime Minister Nguyen Tan Dung has approved a pilot programme to expand the country's software parks by setting up Quang Trung Software City (QTSC) alliance. Under the pilot programme, HCM City together with other localities or provinces will upgrade infrastructure for IT development.

[02-03-2016] Property experts are warning that the draft amended Circular 36 of  the State Bank of Vietnam on credit tightening could have a detrimental effect on the real estate sector, which is still undergoing a process of recovery. According to this draft, loans pouring into the real estate sector are expected to be tightened so as to prevent the sector’s robust growth from turning into a real estate market bubble.

[02-03-2016] Decree No 11/2016/ND-CP, dated February 3, 2016, which details the implementation of granting of work permits to foreign nationals working in Viet Nam, has replaced Decree No 102/2013/ND-CP.

[07-03-2016] This means that parties to such contracts will have to be returned to their original positions as if the transactions have not occurred. The Foreign Exchange Ordinance of 2005 of Vietnam as amended in 2013 and the relevant guiding laws require all civil contracts in Vietnam that contain payment provisions to be denominated and paid in Vietnamese Dong (VND).

[02-03-2016] Property experts are warning that the draft amended Circular 36 of  the State Bank of Vietnam on credit tightening could have a detrimental effect on the real estate sector, which is still undergoing a process of recovery. According to this draft, loans pouring into the real estate sector are expected to be tightened so as to prevent the sector’s robust growth from turning into a real estate market bubble.

[01-03-2016] Regulations on management, provision and use of radio and television services, conditions on setting up foreign traders’ representative offices and the number of Vice Chairpersons at provinces will take effect since March 2016. 

[26-02-2016] The HCMC Department of Transport on Thursday started issuing driver’s licenses for Vietnamese nationals and expatriates for use in 73 countries and territories including Germany, France and Russia.