Want to be in the loop?
subscribe to
our notification
Business News
NEW POLICIES TAKE EFFECT IN FEBRUARY 2017
Pilot grant of e-visas for foreigners
The Government has issued Decree No. 07/2017/ND-CP defining procedures on pilot grant of e-visas for foreigners entering Viet Nam, which has come into effect since February 1, 2017.
According to the Decree, foreigners who apply for e-visas will realize these following steps:
1 - Access the websites http://www.xuanhapcanh.gov.vn or http://www.immigration.gov.vn for registration of personal information
2 - Receiving codes for e-files and paying visa fee
It will take 3 days to process an application for an e-visa valid.
Sanctioning of administrative violations against regulations on environmental protection
Decree No. 155/2016/ND-CP dated on November 18, 2016 on sanctioning of administrative violations in the field of environmental protection took effect from February 1, 2017.
Under the Decree, the maximum penalties for individuals and organizations are VND 1 billion and VND 2 billion, respectively.
Guidance on regulation on selling duty-free goods
The Government promulgated Decree No. 167/2016/ND-CP dated on December 27, 2016 providing guidance on the regulation on selling duty-free goods.
The Decree, scheduled to come into effect since February 15, 2017, stipulates eligible persons and conditions for purchase of duty-free goods.
Accordingly, passengers on entry shall be entitled to purchase duty-free goods at shops at limited areas of international airports right after completing entry procedures and shall not be allowed to purchase duty-free goods after leaving the limited areas.
Business in prize-winning electronic games for foreigners
The Government has issued Decree No. 175/2016/ND-CP to amend and supplement some articles of Decree 86/2013/ND-CP, dated July 29, 2013 on business in prize-winning electronic games for foreigners.
Under the new Decree, the electronic game machines with prizes used in business shall be 100% new.
Especially, the technical specifications of electronic game machines shall have to be clarified by manufacturers and verified by G7-based independent certification organizations.
Payout rates of slot machines installed in gaming facilities shall be at least 90%, according to the Decree.
Source: VIR
Related News
2024: VIETNAM'S OUTBOUND INVESTMENT RISES BY 57.7%
In 2024, Vietnamese investors launched 164 new projects and made 26 capital adjustments abroad. Vietnam’s total oversea investment rea…
VIETNAM’S RIDE-HAILING MARKET ATTRACTS GLOBAL AND LOCAL COMPETITION
As European unicorn Bolt explores a potential entry into Vietnam’s ride-hailing sector, the market is undergoing significant shifts, with loca…
GREEN MOMENTUM LIKELY TO PERSIST ON VIỆT NAM'S STOCK MARKET
Việt Nam’s stock market staged a strong rebound last week, recovering after two weeks of consecutive declines that had wiped more than…
DIGITAL TRANSFORMATION CATALYST FOR COMPREHENSIVE DEVELOPMENT
Vietnam is entering a period of strong transformation, led by the ongoing digital transformation revolution. The rapid booming o…
INVESTMENT OPPORTUNITIES SEEN IN VIỆT NAM'S POWER STOCKS
The Government's focus on achieving a GDP growth rate between 6.5 per cent and 7.5 per cent in 2025 underscores the critical role of ele…
VIETNAM ECONOMIC NEWS RECAP - DECEMBER 2024
As we conclude the year 2024, it is important to recognize the complex landscape Vietnam navigated throughout the year. Despite facing si…
2024: VIETNAM'S OUTBOUND INVESTMENT RISES BY 57.7%
In 2024, Vietnamese investors launched 164 new projects and made 26 capital adjustments abroad. Vietnam’s total oversea investment rea…
VIETNAM’S RIDE-HAILING MARKET ATTRACTS GLOBAL AND LOCAL COMPETITION
As European unicorn Bolt explores a potential entry into Vietnam’s ride-hailing sector, the market is undergoing significant shifts, with loca…
GREEN MOMENTUM LIKELY TO PERSIST ON VIỆT NAM'S STOCK MARKET
Việt Nam’s stock market staged a strong rebound last week, recovering after two weeks of consecutive declines that had wiped more than…
DIGITAL TRANSFORMATION CATALYST FOR COMPREHENSIVE DEVELOPMENT
Vietnam is entering a period of strong transformation, led by the ongoing digital transformation revolution. The rapid booming o…
INVESTMENT OPPORTUNITIES SEEN IN VIỆT NAM'S POWER STOCKS
The Government's focus on achieving a GDP growth rate between 6.5 per cent and 7.5 per cent in 2025 underscores the critical role of ele…
VIETNAM ECONOMIC NEWS RECAP - DECEMBER 2024
As we conclude the year 2024, it is important to recognize the complex landscape Vietnam navigated throughout the year. Despite facing si…