Official: Vietnam to scrap visas for five European countries in July
Vietnamese Prime Minister signed Wednesday a directive to waive visa requirements for citizens of five European countries, starting July 1, 2015 . The visa-free travel policy will be applicable to German, French, British, Italian, and Spanish visitors, with an allowed 15-day stay for each entry, according to the document. Vietnam will waive visas for the […]
20-year Government bonds to be issued
The State Treasury of Viet Nam has announced that it will issue 20-year Government bonds for the first time, between July 29 and December 31. According to a notice released by the State Treasury on June 30, the bonds will have a face value of VND 100,000 (US$4.6) each. It is estimated that bonds worth […]
Revised Enterprise Law to create transparent environment for businesses
The revised Enterprise Law officially took effect on July 1st under which timelines are slashed to 3 days instead of 5 to 10 days in the past. Facilitating favorable conditions for individuals and enterprises to register business licensing will boost Vietnam’s economy. In the first quarter of this year, Hanoi Department of Planning and Investment granted more […]
New policies for foreign homebuyers have no immediate impact on market
There will not be many foreign homebuyers who immediately jump into the Vietnamese market as soon as a new policy allowing them to do so takes effect, said an expert from US-owned realty consultant firm CBRE Vietnam. Accordingly, from July 1, two long-awaited pieces of legislation, the new Housing Law and the Real Estate Business Law, […]
VN becomes founding member of multilateral investment bank
BEIJING — State Bank of Viet Nam Governor Nguyen Van Binh was among delegates from 50 countries who signed the articles of agreement to form China-backed Asian Infrastructure Investment Bank (AIIB). The signing ceremony was held in Beijing on June 29. While seven other prospective founding members were reportedly waiting for domestic approvals, multilateral lender […]
Vietnam to End Foreign Investment Limits in Many Companies
Vietnam will eliminate limits on foreign ownership in many listed companies, a step likely to spur investment inflows and reduce market volatility. Overseas investors will be allowed to increase holdings of voting shares in a number of industries to 100 percent from 49 percent currently, according to a statement on the government’s website late Friday. […]
Investment law ready to carry out
New points in the Investment and Enterprise Law 2014, which go into effect next month, caught the attention of business players attending a seminar in HCM City yesterday. The Investment Law has regulations that mark significant progress in administrative overhaul, including slashing the time to process foreign investment registrations from 45 to 15 working days. […]
Minister urges decriminalisation of economic violations
Minister of Planning and Investment Bui Quang Vinh has urged the National Assembly not to criminalise economic and civil relations as the legislature discussed changes to the Penal Code on June 16. Minister Vinh said he supports the removal of two crimes, doing illegal business and intentionally violating State regulations on economic management, from the […]
Ministry seeks ODA for social housing projects
HCMC – The Ministry of Construction has asked the Government for permission to carry out a pilot plan to use official development assistance (ODA) and concessional loans for social housing projects in certain parts of Vietnam. The ministry said the plan aims to attract more investors to social housing projects and increase home supply for […]
VN firms urged to tap fair trade potential
HA NOI (Biz Hub) — Fair trade certification would give Vietnamese exporters of tea, coffee, cacao, spices and handicrafts a huge advantage in expanding their market, but enterprises that qualify are far too few, experts say. The lack of a national policy on fair trade development meant that such practices were still sporadic and disjointed […]