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 […]
Laws govern foreign advertising
Ever since Viet Nam joined the World Trade Organisation (WTO) on January 11, 2007, foreign investors have been allowed to co-operate with Vietnamese advertising firms through joint ventures or business co-operation contracts (BCC). Viet Nam enables foreign investors in Viet Nam to provide advertising services, specifically as follows: Form of investment According to the WTO […]
Prime Minister sets deadline for issuance of guiding documents
Under a recent official letter on the promulgation of documents detailing laws and ordinances, the Prime Minister requests ministers and heads of ministerial-level agencies to submit guiding documents to the Government or Prime Minister for promulgation or promulgate them before September 15. According to the Ministry of Justice, 105 documents or two-thirds of should-be-issued documents […]
Administrative procedure reform strengthened
The PM has issued Instruction 18/CT-TTg on management and administrative procedure reform in customs. The Government chief tasked ministries, ministerial-level agencies, and the People’s Committees to fulfill Government Resolution No. 19/NQ-CP, dated March 12, 2015, on main tasks, measures for innovation of business environment, improve the national competitiveness in 2015-2016; bolster administrative procedure reform and IT application on state management and implement interdisciplinary connection on exports and imports […]