Aug. 25 – Vietnam’s Ministry of Industry and Trade and the Ministry of Information and Communications encouraged the use of digital signatures for government agencies and companies during a workshop held in Ho Chi Minh City on Tuesday.
The use of digital signature will pave the way for the development of electronic commerce in the country. “One of the solutions to ensure data security in e-transactions is the use of digital signatures,” said Tran Huu Linh, deputy head of the Department of Commerce and Information and Technology. Read the rest of this entry »
Aug. 24 – Vietnam has established the Large Enterprise Tax Management Department to specifically cater to the tax issues and payment needs of major corporations.
This move will ease the tax process for about 405 large corporations operating in the country. The majority of these types of firms are state-owned and have stakes in top industries such as oil and gas, electricity, mining, post and telecommunications and banking. Read the rest of this entry »
Aug. 11 – Taiwanese companies have become Vietnam’s second largest source of foreign direct investment so far with an estimated US$22.58 billion worth of projects in Vietnam, according to the Ministry of Planning and Investment.
The top Taiwanese firms investing in the country include the biggest contract manufacturer of notebook PCs, Compal Electronics Inc., and the biggest electronics provider, Foxconn Group. From January to July, Taiwanese companies committed to investing a total of US$939.9 million, making the region the fifth largest foreign investor in Vietnam.
Apr. 9 – Quang Trung Software City (QTSC) located in Ho Chi Minh City will soon be developed into a major information technology park.
The software park has been in operation for nine years with a total area of 430,000 square meters designated for software production, research, training, development and distribution. Chu Tien Dung, general director of QTSC said the company would make use of their experience acquired over the years to map out a long-term development strategy. Read the rest of this entry »
By Joyce Roque
Mar. 17 – Foreign investors in Vietnam may need to import components of their business not readily available in the local market.
Import duty rates regularly change so it is best to always keep abreast with the latest rates. Authorities however prefer businesses that do not import majority of their manufacturing needs from overseas. Enterprises and business cooperation contract parties doing business in the country are allowed the following import tax exemptions: Read the rest of this entry »
Feb. 17 – The Vietnamese government plans to develop a strong telecommunication industry, hoping to boost the use of information technology in government agencies, Prime Minister Nguyen Tan Dung said Friday.
Addressing a conference in Hanoi, he said an efficient e-government in Vietnam would facilitate the administrative reform process and increase transparency within government agencies. Read the rest of this entry »
Feb. 9 – According to the Authority for Hanoi Industrial and Export Processing Zones, the city has so far attracted US$4.14 billion worth of projects in its industrial parks.
Of the total 508 licensed projects, 240 are domestic projects worth US$3.533 billion while the rest is composed of 268 foreign-invested projects. In 2009, the IPs were able to sign in US$130.79 million of projects, including US$91.4 million of foreign direct investment. Read the rest of this entry »
Jan. 12 – The Foreign Investment Agency forecasts that local businesses will make more investments overseas following last year’s 457 projects worth US$7.2 billion in more than 50 countries and territories.
Last year surpassed average overseas investments by a huge margin with agriculture projects accounting for 40 percent of projects or a majority 68 percent of all total investment. This was followed by the service industry with 19 percent of the projects releasing more than US$2 billion in funds. Read the rest of this entry »
Dec. 11 – IBM will develop an e-government cloud for Ho Chi Minh City to enable a one-stop solution for government services and allow better access to government information.
According to technology news site, Sys-Con Media, the company will first consolidate all of the city government’s e-mail systems and web sites. IBM will also be working with the Ministry of Science and Technology for a Vietnam Information for Science and Technology Advance Innovation Portal that will be managed via cloud infrastructure. Read the rest of this entry »
Nov. 24 – The Vietnam Bank for Industry and Trade (Vietinbank) will begin offering online remittance transfer service to make it easier for Vietnamese overseas to transfer money home.
The service allows a maximum one time transfer amount of US$3,000 or 10 transactions totaling US$15,000 monthly according to VOV News. One can immediately register for the service through the bank’s website and recipients will be able to pick up the money at the bank. Read the rest of this entry »
