Business Focus

New laws contribute to improving business climate

New laws contribute to improving business climate

Chairman of the National Assembly (NA) Economic Committee Nguyen Van Giau said the country has made a step forward in completing institutions for the market economy with the promulgation of...

S.Korea opens door again for Vietnamese workers after drop in illegal stays

S.Korea opens door again for Vietnamese workers after drop in illegal stays

South Korea has agreed to receive another 2,900 workers from Vietnam for jobs in manufacturing, construction and agriculture sectors after the latter made efforts to stop its laborers from overstaying...

 
Viet Nam cuts import taxes on petroleum products

Viet Nam cuts import taxes on petroleum products

Viet Nam has started cutting import taxes levied on oil and petroleum products from today, the Ministry of Finance said. As per a ministry circular issued on April 13, import tariffs...

Vietnam to relax foreign property ownership rules, boosting overseas investment

Vietnam to relax foreign property ownership rules, boosting overseas investment

A change in policy is set to boost overseas investment in Vietnamese real estate. The new policy, effective from July 1, will allow foreigners with a valid residential visa, plus...

 
PM urges end to red tape in customs procedures

PM urges end to red tape in customs procedures

The prime minister has urged the customs sector to simplify its administrative procedures to ensure a favourable business climate in line with international practice. In an announcement recently issued by the...

MHB to be merged with BIDV

MHB to be merged with BIDV

In late 2014 and at the beginning of 2015, there were rumours about banks to be merged with large ones such as Vietcombank, BIDV, and Vietinbank. Of which, BIDV was...

 
India will not charge duties on VN steel

India will not charge duties on VN steel

India's Ministry of Finance has decided against imposing safeguard duties on cold-rolled flat stainless-steel products imported from Viet Nam and some other countries, according to the Viet Nam Competition Authority. The...

PM pushes for SOE privatisation

PM pushes for SOE privatisation

Prime Minister Nguyen Tan Dung has ordered that drastic measures be taken to complete the privatisation of 289 State-owned enterprises (SOEs) within this year, stressing that benefits of the State,...

 
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