Draft circular guides one-stop business establishment registration
Foreign investors may make investment registration and enterprise registration either under an inter-agency coordination mechanism or by conducting procedures in succession as prescribed in the Investment and Enterprise Laws and guiding documents.It is highlighted in a draft circular designed by the Ministry of Planning and Investment to guide the inter-agency coordination mechanism for settling investment […]
4G to be licensed in the third quarter of 2016
Minister of Information and Communications Truong Minh Tuan urged enterprises to send recent reports on 4G testing results as the government had policies to accelerate the licensing for 4G this year. The Ministry of Information and Communications (MIC) held a review meeting for the first half of this year early this week. Previously, many enterprises […]
Government puts a leash on foreign reinsurance
Foreign insurers operating in Vietnam are no longer allowed to transfer their entire premium collected in the country to their mother companies through overseas reinsurance contracts. The newly issued Decree No.73/2016/ND-CP guiding the implementation of the Vietnamese Law on Insurance, dated July 1, 2016, proclaims that foreign firms can now only reinsure up to 90 […]
Ministry proposes computerized management of land information
The Ministry of Natural Resources and Environment is designing two draft decrees guiding the 2013 Land Law, proposing the application of information technology in carrying out administrative procedures and managing land information.Under a draft decree on formulation, management and exploitation of land information, the Ministry proposes designing a connected, synchronous and data-sharing land information system […]
Visa waiver for five European countries extended
The Government on June 30 inked a Resolution to extend a visa waiver program benefiting citizens of five Western European countries, which ended on the same day, as the policy has proved to be successful after one year in effect. Under Resolution No. 56/NQ-CP, citizens of the United Kingdom, France, Germany, Spain and Italy who enter […]
Legal documents issued from June 20 thru 26
From June 20 thru 26, six legal documents were issued, including: Code Subject Promulgating agency/person Date of promulgation Effective date Decision No. 1100/QD-TTg Approving the plan to implement the United Nations’ Conversion on Rights of Persons with Disabilities Prime Minister June 21, 2016 June 21, 2016 Joint Circular No. 17/2016/TTLT-BGDDT-BTTTT Organizing the examination and grant […]
Banking sector to support firms
The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam (SBV). SBV Governor, Le Minh Hung, made the statement as part of Decision No 1355/QD-NHNN, dated Tuesday, while issuing a directive to kick-start an action plan to […]
Draft decree sets more conditions for customs priority
Businesses have expressed concern over more requirements for special customs incentives in a decree drafted by the Ministry of Finance to amend the government’s Decree 08/2015/ND-CP on customs procedures. The draft decree comprises six groups of conditions for importers and exporters to enjoy priority customs treatment. The first four exist in the current decree, including […]
Agency seeks approval to import gold for jewellery, art
Vietnam Gold Trading Association (VGTA) asked the State Bank of Vietnam to allow local producers of gold jewellery and fine art to import gold materials. VGTA’s chair Nguyen Thanh Long said when the local gold prices were higher than the international prices, firms needed to import gold materials so that they can have better prices […]
Resolution 19 improves competitiveness
Vietnam’s competitive environment has improved after two years of implementing the government’s Resolution 19 on improving the business environment and national competitive ability. Nguyen Dinh Cung, head of the Central Institute of Economic Management (CIEM), spoke to Vietnam News Agency about plans to further improve the national business environment and competitiveness. How has Vietnam’s investment […]