New rules to enhance management of foreigners’ entry and exit
The Government on August 6 issued a regulation prescribing principles, contents and forms of coordination among, and responsibilities of, ministries, ministerial-level agencies and local administrations in management of entry, exit, transit and residence of foreigners in Vietnam. Under Decree No. 64/2015/ND-CP, ministries, sectors and localities are required to proactively, regularly and closely cooperate with one […]
Government urges finalization of guidance for new laws on enterprises, investment
In order to surmount enterprises’ difficulties in making enterprise or investment registration, better the country’s business environment and raise its competitiveness, the Government on August 7 issued Resolution No. 59/NQ-CP to request the line ministries to complete finalizing draft decrees guiding the Enterprise Law and the Investment Law. Under the resolution, the Ministry of Planning […]
Industries face more penalties
Under the new Circular No 11/2015/TT-BKHCN, apart from the main sanctions, additional penalties and remedial measures shall be imposed on enterprises, depending on the nature and severity of their violations. The provisions of Circular No 11/2015/TT-BKHCN (hereinafter referred to as “Circular 11″), in which a number of regulations on additional penalties and remedial measures are […]
Decree to guide new enterprise law coming soon
A decree to guide implementation of the Enterprise Law is expected to be issued this month, a Ministry of Planning and Investment official said amid complaints from businesses that the law’s implementation is being up held due to lack of clarity. Tran Thi Hong Minh, director of the ministry’s Agency for Business Registration, said the […]
Legal documents issued in the first week of August
On 3 August 2015, seven legal documents, including three of the Government, three of the Prime Minister, and one of the Ministry of Industry and Trade, were issued. Government Decree No. 64/2015/ND-CP issued on August 6 prescribes the mechanism for coordination among ministries, ministerial-level agencies and provincial-level People’s Committees in managing foreigners’ entry into, exit […]
Starting a Business Under the New Law on Enterprises: Company Seals and Bank Accounts
The Law on Enterprises 2014, which came into effect on July 1, 2015, has altered the processes associated with one of the most intriguing features of doing business in Vietnam – the company seal, affixed by using a “chop”. The chop will be familiar to those who have done business in China, where it is also […]
Import management measures introduced
The Prime Minister on August 3 signed a decision approving the plan on management of imports in conformity with international commitments by 2020.According to Decision No. 1233, effective right on the date of its signing, import management measures include maintaining and taking advantage of tariff and non-tariff measures in line with Vietnam’s commitments to the […]
FDI forecast points towards deluge
Foreign direct investment inflows into Vietnam are expected to spike in the coming months thanks to the new legal investment framework and free trade agreements in effect. According to industry insiders, the signing of the Trans-Pacific Partnership (TPP) will encourage more international groups to invest in Vietnam. The existing obstacles in the TPP negotiations are […]
New Law on Investment of State Capital in Enterprises
The State only invests its capital to form and maintain enterprises engaged in activities in some industries and fields in which other economic sectors do not invest or enterprises in which the State needs to hold 100% charter capital or shareholdings or capital contributions. This is clearly stated in the Law on Management and Use […]
Entry visas to be issued within five days
The Ministry of Public Security on July 6 issued Circular No. 31/2015/TT-BCA to guide the grant of visas, temporary residence cards, exit and entry permits and permanent residence status to foreigners. Under the circular, an agency, organization or individual that wishes to sponsor a foreigner to enter Vietnam will submit a visa application directly to […]