Other Briefings
Vietnam Calls for Increased Investment in Agriculture and Rural Development
Dec. 8 – The Ministry of Agriculture and Rural Development held a conference in Quang Binh Province on December 6 to call for further investment into the agricultural and rural development sectors in six north-central provinces, from Thanh Hoa to Thua Thien-Hue. From 2011 to 2020, provincial governments will request businesses to step up investment […]
PM Calls for Regular Submission of Statistical Reports
Dec. 3 – Vietnam’s prime minister has approved a new regulation that will make it mandatory for state-owned enterprises (SOEs) and foreign invested companies and projects to issue regular statistical reports. Following Decision 77/2010/QD-TTg, wholly state-owned companies, state-owned corporations and their subsidiaries, and joint-stock and limited companies with 50 percent of their charter capital government […]
Vietnam to Launch Anti-Corruption Program
Dec. 1 – Vietnam’s Government Inspectorate, in collaboration with the World Bank, is scheduled to launch an anti-corruption program next month aimed at stamping out misconduct by those holding positions of public office and strengthening the public’s faith in the state. The campaign, titled the Vietnam Anti-Corruption Initiative Program 2011, is expected to be conducted […]
New Issue of Vietnam Briefing: Understanding Vietnam’s Legal Environment
Nov. 30 – In this new issue of Vietnam Briefing we look at the legal environment for establishing a business in Vietnam as a foreign investor. There are basically two laws that govern foreign direct investment in Vietnam: the Unified Law on Enterprises and the Common Law on Investment. We examine these two laws and […]
Vietnamese Commercial Banks Increase Interest Rate for Deposits, Lending
Nov. 26 — Several Vietnamese commercial banks increased interest rate returns on dong deposits to 13 percent per year, as well as offered other incentives to attract new customers and retain existing ones. HDBank and Southeast Asia Commercial Bank are two banks that now offer 13 percent on dong deposits of 12 months or more. […]
Vietnam Aims to Be Low Carbon Economy By 2020
Nov. 23 – In an effort to make Vietnam a low carbon economy by 2020, the Ministry of Natural Resources and Environment announced on Monday that it will be introducing new measures that will further develop renewable energy resources such as solar, wind and biomass power. New policies will also be implemented stressing the construction […]
PM Approves PPP Pilot Program for Transportation Infrastructure
Nov. 22 – Vietnam’s government has approved guidelines for a new public-private partnership (PPP) pilot program that will initially serve as a model for all projects involved in the development of the nation’s transportation infrastructure. In order for a project to be eligible for the PPP program under the new regulations, it would need to […]
Vietnam Raises Interest Rates for First Time in Almost a Year
Nov. 10 – Vietnam’s central bank will raise interest rates on Friday for the first time since December 1, 2009 after inflation increased to a 19-month high in October. According to the State Bank of Vietnam, the nation’s refinancing rate will increase from 8 percent to 9 percent and the discount rate will rise from […]
Minimum Wage Set to Rise Next Year in Vietnam
Nov. 8 – Starting next year, Vietnam will increase the mandatory minimum monthly salaries for people working at local and foreign companies by between VND100,000 and VND370,000 according to a government statement issued last week. Depending on the area, the current minimum wage that local companies are required to pay employees is between VND730,000 and […]
Vietnam Launches Online Regulations Program
Nov. 3 – Vietnam kicked off the establishment of a new web site in Ho Chi Minh City yesterday to help inform investors in the country about changes to administrative procedures. The program was jointly launched by Vietnam’s Ministry of Planning and Investment and the United Nations Conference on Trade and Development (UNCTAD). “The web […]
