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 […]
PM approves decree allowing higher foreign stakes in VN firms
The Prime Minister on Thursday ratified Decree 60/2015 to replace Decree 58, which included a long-awaited regulation on removing limits on foreign ownership in listed companies. Minister of Finance Dinh Tien Dung revealed this at the ministry’s meeting held yesterday to revise results in the first half of the year and plan for the second […]
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. […]