Business News

[02-11-2015] HKETO would like to share with you this week's feature on Hong Kong’s Admission Scheme for the Second Generation of Chinese Hong Kong Permanent Residents, which is now available on news.gov.hk. News.gov.hk spoke with two successful applicants who revealed why they decided to join the scheme and how they have settled into their new lives in Hong Kong.

[02-11-2015] This decree applies to all companies, credit institutions established in Vietnam (including foreign invested) and Vietnamese individuals. "Investment offshore" is defined as the remittance of capital overseas by the investor; or the payment in part or in whole of a business establishment by the investor; or the establishment of ownership or title by the investor to carry out business activities outside Vietnam; and at the same time participation by the investor directly in the management of such activity.

[29-10-2015] Did you know that the new company and investment laws in Vietnam provide for new formalities to set up a business in Vietnam? DN's new guide sets out the various legal structures available for setting up a presence/business in Vietnam and the new legal requirements.

[23-10-2015] ASEAN investors had registered a total of over US$16.6 billion in property projects in Vietnam as of June with Singapore firms accounting for 60%, according to the Foreign Investment Agency (FIA).

[22-10-2015] The Viet Nam Textile and Garment exhibition, which opened in HCM City yesterday, has attracted 125 local and foreign companies who are showcasing their products and services. Firms from Taiwan, Hong Kong, India, Korea, Malaysia, Thailand, and Turkey have brought machinery for sewing, knitting, spinning, cutting and printing fabrics, processing fibres, and embroidering, garment accessories, dyes and other products.

[21-10-2015] Local textile and garment enterprises regard investments in modern technologies as a way to help them address challenges and compete as foreign enterprises are flocking to Vietnam to benefit from the Trans-Pacific Partnership (TPP).

[27-10-2015] Readers will be aware from our earlier NewsBriefs dated 16 January and 6 December 2013 that employers in Vietnam are required to pay trade union fees (“TUF”), and this requirement applies regardless of whether the company concerned has an in-house trade union or not.

[19-10-2015] The manufacturing industry is one of the three industries that will see the highest salary increase rate for the entire year of 2015. According to the “Vietnam Total Remuneration Survey 2015” released last week by Mercer and Talentnet Corporation, the chemical sector ranks first in the list with a rate of 10.3 per cent, while manufacturing and life sciences rank joint-second with a rate of 10.1 per cent.