Business News

[01-09-2015] Garments and textile businesses are striving hard to be at the forefront to avail opportunities ushered in by the Trans-Pacific Partnership (TPP). As garments and textile sector is viewed as one of the industries which will benefit the most from TPP, many businesses are proactively putting in place measures to be able to avail these opportunities such as investing in modern production lines, upgrading facilities, improving design and product quality and finding access to the market.

[01-09-2015] The HCM City property sector has attracted more than US$1.42 billion worth of foreign direct investment this year, the city's Statistics Office has reported. The amount accounts for almost 62 per cent of total FDI in the period.

[31-08-2015] The rise in minimum wage may never have been as hot a topic as it is now. On August 25, 2015, the National Wages Council hosted a meeting to conclude the rise in minimum wage in 2016, but it wrapped up after four hours of hot debate without any agreement reached.

[01-09-2015] Did you know that the Vietnamese Government has recently issued a resolution setting out deadlines requiring the relevant ministries to issue guidelines to facilitate the implementation of the new Enterprise Law and Investment Law?

[20-08-2015] The textile sector ranked second in attracting foreign direct investment (FDI) with more than US$1.12 billion in the first seven months of 2015, according to the Foreign Investment Agency, under the Ministry of Planning and Investment. The figure accounts for more than 20% of Viet Nam’s total foreign investment inflows in the reviewed period, the agency said.

[25-08-2015] Did you know that the Ministry of Finance just issued a circular to guide foreign investment in Vietnam's securities market? The circular will become valid on 1 October of this year. You will recall our last update on the removal of the foreign ownership cap on public companies (listed or unlisted). This circular provides guidance on how this is to be carried out.

[20-08-2015] Did you know that as of 1 September 2015, subject to certain conditions, the foreign ownership ratio in public companies (including listed companies) will no longer be subject to the 49% cap?

[14-08-2015] Having surveyed the livelihoods of workers in different parts of the nation, the Vietnam General Confederation of Labor has insisted on its proposal  for a regional minimum wage hike of 16.8% next year.