Enterprises’ borrowing of foreign loans and payment of foreign debts to be strictly managed
From April 15, information and data on enterprises’ borrowing of foreign loans and payment of foreign debts without government guarantee will be managed by the State Bank of Vietnam (SBV) at a website accessible via either www.sbv.gov.vn or www.qlnh.sbv.cic.org.vn. . Under the SBV’s Circular No. 03/2016/TT-NHNN, loans subject to registration with the central bank include foreign medium- […]
Enterprises to pay business license fee three times higher than current license tax
Enterprises with a registered capital of over VND 100 billion would be regarded as large-sized ones and have to pay a business license fee of VND 10 million per year instead of the current business license tax from January 1, 2017, when the new Law on Charges and Fees will take effect. . . Under […]
Gov’t establishes Steering Committee on Urban Development
The PM has decided to establish the Steering Committee for the National Urban Development Program in the period 2012-2020. . . The Steering Committee will be led by Minister of Construction Trinh Dinh Dung while Ms. Phan Thi My Linh, Deputy Minister of Construction was appointed the Permanent Deputy Head of the Steering Committee. Members […]
EU, Vietnam move forward on FTA agreement for 2018
Vietnam and the European Union (EU) will push ahead with the review of legal documents toward the signing and application of their bilateral free trade agreement (EVFTA) in 2018. Minister of Industry and Trade, Vu Huy Hoang, was speaking at a ceremony to publish the White Book on trade and investment in Viet Nam in […]
SBV directs monetary policies for 2016
The State Bank of Vietnam (SBV) has asked its affiliated units, credit institutions and foreign bank branches to properly administer monetary policies and banking operations in 2016 to control inflation, stabilize macro-economy and back economic growth. . Under Directive No. 01/CT-NHNN issued by the SBV Governor on February 23, 2016, SBV will proactively and flexibly […]
PM talks about future actions following official TPP signing
PM Nguyen Tan Dung has released an article on opportunities, challenges and actions needed following Viet Nam’s signing of the Trans-Pacific Partnership. The following is the translation of the article for reference. The Trans-Pacific Partnership (TPP) was signed on February 4, 2016 by 12 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, […]
New policies take effect in March
Regulations on management, provision and use of radio and television services, conditions on setting up foreign traders’ representative offices and the number of Vice Chairpersons at provinces will take effect since March 2016. . . Management, provision, use of television services The Government issued Decree No. 06/2016/NĐ-CP, which stipulates the management, provision and use of radio […]
Commercial counsellors urged to facilitate exports
PM Nguyen Tan Dung called on commercial counsellors to serve as a bridge for domestic enterprises to enter foreign markets. The Government chief made the point at the Conference of commercial counsellors on February 26 in Ha Noi. PM Dung highlighted that the industry and trade sector in general and commercial offices and counsellors in particular contributed to national development. He called on […]
Tasks and solutions to improve diplomatic work efficiency
The Government has issued Resolution No. 01/NQ-CP which figures out major tasks and solutions to improve the efficiency of diplomatic work, maintain peaceful and stable environment and create favorable conditions for national development as follows. . . 1. The Ministry of Foreign Affairs shall lead and coordinate with other ministries, central agencies and localities according to their […]
SBV to issue Circular on foreign exchange management
Under the draft Circular, an investor may have to open an account in foreign currency at an authorized credit institution and register with the State Bank of Viet Nam or a provincial branch of the State Bank of Viet Nam. . . Account opening may only be done following the issuance of outward investment certificates […]