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Friday, February 10, 2012




Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



HO CHI MINH STOCK INDEX (VNINDEX:IND)


HO CHI MINH STOCK INDEX


New Requirements for Permanent Residency in Hanoi

Jan. 19 – A new draft of the Capital Law will place stricter requirements for foreigners applying for permanent residency in Hanoi.

Applicants will need to show proof of holding a legal job with a salary double the city’s average minimum in addition to maintaining temporary residency in city continuously for at least five years instead of just one year previously.

Hanoi’s urban districts place average salary at VND980,000 (US$53.08) reports Thanh Nien News. Employees without temporary or permanent residency in the capital city will have to obtain a license from the Department of Labor, War Invalids and Social Affairs to be able to work.

The Capital Law will also give more autonomy for Hanoi authorities by allowing them to issue laws different from the government but within the national constitution.

For help in filing your permanent residency papers in Vietnam email Dezan Shira country manager for Vietnam, Hoang Thu Huyen at vietnam@dezshira.com or visit www.dezshira.com.

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This entry was posted in FDI and Foreign Trade, Hanoi, Legal and Regulatory. Bookmark the permalink.

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Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at vietnam@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


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