Other Briefings
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 […]
Vietnam Establishes New Economic Zone in Ca Mau Province
Nov. 2 – The Vietnamese government approved the establishment of a new economic zone in the country’s southernmost province of Ca Mau on October 27, looking to take advantage of the region’s geographical position and existing business environment. Covering 11,000 hectares along National Highway 1A in Nam Can District, the new economic zone will support […]
Citing National Security, Vietnam to Limit Foreign Investment in Forestry Projects
Oct. 25 – Provincial administrations in Vietnam are no longer allowed to grant licenses to foreign investors for new forestry projects, according to a government report released at a National Assembly meeting on Saturday. Furthermore, the Vietnamese government has ordered its Ministry of Defense to inspect all current foreign-invested forestry projects and cut back the […]
New Amendment Set to Alter Vietnam’s Insurance Market
Oct. 15 – Vietnam’s draft law on the amendments and supplements to the Business Insurance Law will be submitted to the Vietnamese National Assembly for approval at the body’s next meeting, to be held from October 20 to November 27. According to the Ministry of Finance, these amendments will create a healthy insurance market by […]
Vietnam’s MPI Submits Decree Calling for Tighter FDI Control
Oct. 14 – Vietnam’s Ministry of Planning and Investment is looking at tightening control over FDI projects in the country by amending the FDI management method currently utilized by the government. Director of the MPI’s Legal Department Pham Manh Dung said this week that his department has submitted a draft decree to the Vietnamese government […]
First ASEAN Labor Inspection Meeting to Be Held in Vietnam
Oct. 13 – The first ASEAN labor inspection meeting will be held in northern Vietnam’s Quang Ninh Province today and tomorrow according to the country’s Ministry of Labor, Invalids and Social Affairs. The meeting will draw roughly 120 delegates from all 10 ASEAN members, key ASEAN partners China, Japan and South Korea, the International Labor […]
