Want to be in the loop?
subscribe to
our notification
Business News
NEW POLICIES TAKE EFFECT THIS MONTH
Under Circular 04/2016/TT-BNG issued by the Ministry of Foreign Affairs, which took effect on September 1, foreigners holding NG3 visas are eligible to apply for temporary residence cards with validation periods of up to five years. The validation period should expire at least 30 days prior to the expiration of their passport.
NG3 visa holders are members of diplomatic missions, consular offices, representative offices of intergovernmental bodies, their spouses and children under 18, and their domestic helpers.
Holders of NG1, NG2 and NG4 visas who want to extend their stay permits should ask the bodies or organisations that sponsored them to enter Vietnam to submit applications for extending their temporary residence cards. The extension period is for a maximum of 12 months and must also expire at least 30 days prior to the expiration of their passport.
A Government’s decree, which also took effect the same day, aims to support poor students in areas regarded as extremely disadvantaged.
Under Decree 116/2016/NÄ-CP, a student of elementary or junior high schools in these regions will be provided with 15kg of rice per month for no more than nine months per year.
Each student will also receive an allowance to cover part of the cost of meals and housing which is equivalent to 40 percent and 10 percent of the basic salary per month, respectively.
Boarding schools for ethnic minorities will be financially aided to provide meals for students.
According to Decision 32/2016/QÄ-TTg, which will be effective from September 22, poor people and ethnic minorities in impoverished localities will have more opportunities to access legal assistance.
The Government will provide budgets to support officials working at centres for legal assistance in impoverished districts, communes and hamlets to attend lawyer training courses. More money will also be spent to establish a hotline for legal assistance at localities and to organise campaigns to raise community awareness on this matter.
Individuals and organisations will be fined 10-15 million VND for not having a plan or measures in place to prevent and respond to chemical-related incidents during the production, trading, use or storage of hazardous chemicals.
The same fine will also be imposed on those who do not comply with conditions for producing and trading chemicals, insecticides and antiseptic products used at home and in medical establishments.
These are stipulated in the Government’s Decree 115/2016/NÄ-CP, which will come into effect from September 15.
Source: VIR
Related News
BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY
Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.
VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS
Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.
VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1
Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.
VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050
Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.
FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY
According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.
FRUIT AND VEGETABLE EXPORTS SURGE ON GLOBAL DEMAND
Việt Nam’s fruit and vegetable exports have made a strong start to the year, with rising shipments and tighter compliance with international standards helping producers tap robust global demand, according to the Vietnam Fruit and Vegetables Association. The association reported export earnings of nearly US$532 million in April, bringing total export value to $2.06 billion in the first four months of the year, up 22 per cent year-on-year.
























