Business News

[20-05-2015] On 18 May 2015, the Ministry of Finance issued Circular No. 75/2015/TT-BTC ("Circular 75") amending and supplementing Article 128 of Circular No. 200/2014/TT-BTC - Guidance on corporate accounting.

[19-05-2015] Thousands of logistics entrepreneurs are struggling with a serious shortage of employees since a rapid increase of services demands, the Viet Nam Logistics Institute (VNLI) has said. About 300,000 business entrepreneurs are involved in logistics services, providing jobs for nearly 1.5 million labourers across the country, of whom 40 per cent are from HCM City.

[14-05-2015] The property market in Vietnam is showing signs of getting warmer and industry insiders do not think there will be another real estate bubble as there was seven years ago. The latest housing bubble occurred in Vietnam in the 2007-2008 period, when investors rushed to the realty sector after the stock market went into a crisis.

[14-05-2015] The Government has further simplified immigration requirements for international visitors in the wake of tour operators’ complaints about discouraging immigration procedures.Deputy Prime Minister Vu Duc Dam has signed a decision removing the hindrances to issuing visas for foreign travelers, according to the Government’s portal chinhphu.vn.

[18-05-2015]- Decrees providing details and guiding on implementation of several articles of Law on Bidding, Law on Notarization, Employment Law, Law on amendments to Laws, Decrees on taxations
- Regulation on electronic transaction in insurance procedures
- Decree on investment in form of PPP

[11-05-2015] At present, it is difficult to say with certainty what constitutes a foreign invested enterprise under Vietnamese laws. Some legislation currently in effect suggests that any amount of foreign ownership constitutes a foreign invested company. Meanwhile, other legislation, also currently in use, is taken by many to mean that an enterprise with a threshold of 49 per cent and upwards constitutes a foreign invested enterprise (FIEs).

[10-05-2015] The Government has approved a telecom development master plan that says preparations to introduce 4G technology will begin this year. However, critics say it should be reconsidered since the existing 3G capacity has yet to be fully utilised and 4G devices could be too expensive in a poor country.

[10-05-2015] Amata VN PCL, a unit of Thailand's biggest industrial estate developer, Amata Corp PCL, has announced plans to invest in an industrial park in the northern city of Quang Ninh. Somhatai Panichewa, president of Amata VN PCL said it will invest 70% in the joint venture with the remaining 30% owned by the Vietnamese Tuan Chau Group.