Business News

[23-06-2015] To facilitate the online check-in procedure, as of June 25, passengers may enjoy the hassle-free check-in using their boarding pass (either printed on paper or displayed on mobile or tablet device), which has been processed through Web/ Mobile check-in, to go straight through security.

[23-06-2015] A regulation ordering bank guarantees to become mandatory for property purchases, which was to be completed in the future, has caused mixed concerns among property developers and buyers. Following Article 56 of the Law on Real Estate Business, to take effect on July 1, property developers, before selling or leasing unfinished or future property, must obtain guarantees from eligible commercial banks as assurances of their financial obligations to buyers.

[22-06-2015] Garment and textile export turnover reached USD12.18 billion in the first six months of 2015, a 10.26% increase compared to the same period last year. The US is still the biggest importer of Vietnam’s garment and textile products, making up 42% of the country’s total at USD5.18 billion, up over 11.01%. It was followed by the EU at USD1.45 billion, up 8.2%.

[20-06-2015] New capital from foreign investors is gradually flowing into the property market, not only in the premium segment, but also the medium one. The premium real estate segment remains the one which attracts the most foreign capital.

[19-06-2015] Citizens from the UK, France, Germany, Spain and Italy will now be able enjoy visa exemptions for stays that last no longer than 15 days. According to the recently issued Resolution No 46/NQ-CP, the policy will be in effect for one year, starting from July 1 and ending on June 30, 2016, and applies to all types of passports and immigration reasons, as long as they meet the conditions required by Vietnamese law.

[18-06-2015] Can Tho authorities have approved the launch of a direct flight route between the city and Bangkok, the provincial People's Committee's Deputy Chairman Dao Anh Dung said on June 16. Dung said he agreed with Vietravel's plan to launch the flight route between the southern city and Bangkok in July and to increase flights between Can Tho and Da Dat in the southern Lam Dong Province.

[18-06-2015] The investors of an integrated township and industrial park project in the central Binh Dinh Province plan to carry out a survey of the project's construction area on June 19. The investors are the Investment and Industrial Development Corporation Group (Becamex IDC) and the Viet Nam-Singapore Industrial Park Joint Venture Company (VSIP), the provincial Investment Promotion Centre said.

[22-06-2015] This legal update focuses on our review of the key provisions of the long awaited Decree No. 15/2015/ND-CP, and provides practical insights regarding certain public-private partnership/project finance issues of particular interest to lenders, sponsors, contractors and public sector entities from a Vietnamese law perspective.