Legal Update

E-wallet service providers granted official license from March

E-wallet service providers granted official license from March

Electronic wallet service providers will be granted an official license in March 2015, more than five years after the pilot programme was set in motion. As a payment intermediary service, it...

List of goods announced for customs inspections

List of goods announced for customs inspections

The Ministry of Industry and Trade has announced the list of products that are exported or imported which need to undergo checks for quality, technical standards and food safety before...

 
SBV issues new guidelines for foreign investors

SBV issues new guidelines for foreign investors

Foreign investors must be committed to a long-term attachment in terms of interest in domestic credit institutions, if they want to buy stakes and become strategic investors of these organisations. This...

Revised laws to improve business conditions

Revised laws to improve business conditions

The Minister of Planning and Investment, Bui Quang Vinh, spoke to reporters about changes made to the amended Law on Enterprise and Law on Investment, both recently approved at the...

 
New circular targets safer growth for banks: SBV

New circular targets safer growth for banks: SBV

HA NOI (Biz Hub) — State Bank of Viet Nam Deputy Governor Nguyen Thi Hong has affirmed the need for Circular 36, saying the regulations would help the Vietnamese banking...

Foreigners permitted to buy houses in Vietnam

Foreigners permitted to buy houses in Vietnam

Under article 159 of the law, three groups of foreigners allowed to own houses in Vietnam are those developing housing projects; foreign-invested companies, branches and representative offices of foreign companies,...

 
Vietnam house scraps ad tax, hikes tobacco, wine tax

Vietnam house scraps ad tax, hikes tobacco, wine tax

Vietnam’s legislature approved a draft of tax relief measures on Wednesday, including a highly-anticipated move to make all advertising tax-deductible. Nearly 86 percent of the National Assembly members voted for the...

Vietnam Minimum Wage Increases Spark Investor Uncertainty

Vietnam Minimum Wage Increases Spark Investor Uncertainty

The Vietnamese government has issued a decree to increase the country’s minimum salary by between VND250,000-VND400,000 (US$12-$19) starting January 1, 2015. This will bring the wage floor to between VND2.15...

 
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