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
CAR IMPORTS INCREASE 37.5 PER CENT IN 10 MONTHS
Việt Nam mainly imported cars from Indonesia, with 57,963 units imported so far this year (19,569 units higher than over the same period last year). Imports also came from Thailand, with 54,481 units (7,535 units higher than last year) and China, with 24,613 units (16,112 more than last year).
HAIPHONG TARGETS US$4 BILLION IN FDI FOR 2024
Haiphong recently approved 12 new projects in its economic and industrial zones, valued at a combined US$1.8 billion. This brings the total FDI in these zones to US$3.5 billion as of November, surpassing the city’s annual target by 40%.
FOREIGN INVESTORS FLOCKING TO SOUTHERN REGION
Foreign investors are actively calling on southern localities in the final months of 2024 to explore investment opportunities. On November 7, over 40 German businesses arrived in the southern province of Dong Nai to evaluate investment prospects in the area.
IMPROVING THE EFFECTIVENESS OF SOCIAL POLICY CREDIT
Following a decade of implementation, social policy credit is expected to enter a new phase of development to achieve higher efficiency for the sake of society and the community. On behalf of the Party Central Secretariat, on October 30, Standing Member of the Party Secretariat Tran Cam Tu signed a directive to improve the efficiency of social policy credit.
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts