PM ASSIGNS DEVELOPMENT TARGETS SET FOR 2016
[01-01-2016] The PM has signed a decision to delegate socio-economic development targets set for 2016 to eight ministries. The aforesaid ministries include the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Public Security, the Ministry of National Defense, the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Health, and the Ministry of Labor, Invalids and Social Affairs.
NEW POLICIES TAKE EFFECT IN JANUARY
[31-12-2015] New policies on special consumption tax, support industries development, compulsory social insurance, region-based minimum wage, and multidimensional poverty line will take effect in January.
TENDER NOTIFICATION
[31-12-2015] The public tender notifications issued by the Hong Kong SAR Government for your information. We should be grateful if you would notify manufacturers, agents and distributors who, in your opinion, will be interested in submitting a bid for the tenders.
CHALLENGES FOR VIETNAM LOGISTICS MARKET IN 2016
[29-12-2015] Logistics must ensure conditions and product quality from factory to end-consumers. Future logistics must certainly increase visibility into the status of goods in real time (anytime, anywhere) by using big data and real-time tracking applications.
LABOR PRODUCTIVITY SURGES 6.4% IN 2015
[28-12-2015] Viet Nam’s labor productivity constantly increased at an average rate of 3.9% in 2006-2015 period, said the General Statistics Office (GSO). Social labor productivity of the economy was estimated at VND 79.3 million per labor (around US$3.657), up 6.4% against 2014.
VISA POLICY NEEDS FURTHER REFORM
[24-12-2015] When Vietnam joins the Trans-Pacific Partnership (TPP), the tight visa policy applicable to foreign citizens will be a major obstacle to entrepreneurs and tourists from coming to Vietnam.
IMPORTERS MUST HEED RULES FOR INVOICES
[24-12-2015] 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.
FREE TRADE AGREEMENT TRANSHIPMENT FACILITATION SCHEME
[23-12-2015] The launch of a new scheme to reduce costs of traders in handling goods that route through Hong Kong by the Customs and Excise Department (C&ED) of the Hong Kong Special Administration Region Government (HKSARG). The scheme, entitled “Free Trade Agreement Transhipment Facilitation Scheme” (“FTA Scheme”), just took effect on 20 December 2015.
