Other Briefings
Hanoi Plans to Streamline New Business Procedures
Nov. 19 – Hanoi’s Department of Planning and Investment announced plans to cut down the number of days it takes to establish a new business from the current 30 days to a maximum of nine days beginning November 17. Deputy director of Department of Planning and Investment, Nguyen Van Tu, told Thanh Nien News that […]
Business in Vietnam as a Matter of Alignment
By Joyce Roque HANOI, Nov. 17 –Vietnam Briefing spoke with Robert Hughes, a principal at Tonkin Capital and a consultant for T&C Holding JSC. Hughes has been in Asia for 18 years taking top corporate posts in Hong Kong, Taiwan, Shanghai, Bangkok, Ho Chi Minh City and Hanoi, the place he now calls home. He […]
AirAsia Launches HCMC-Phuket Route
Nov. 12 – Malaysia’s low cost carrier AirAsia has launched a new daily flight between Ho Chi Minh City and the famous Thai beach destination Phuket. It is AirAsia’s first direct flight shuttling from Ho Chi Minh City and Phuket. This route would include a “mixture of leisure seekers and business travelers,” Thai AirAsia’s chief […]
A Hanoi Primer
By Joyce Roque HANOI, Nov. 6 – The first thing you will remember on your drive out of Hanoi’s Noi Bai International Airport might also be the last thing you see as you leave the city – the motorcycles. The undulating wave of motorcycles that zip and turn to no apparent whim but its own. […]
Business License Issuance Delayed in Congested Areas of HCMC
Nov. 5 – The government has opted to temporarily suspend issuing business licenses to congested areas in Ho Chi Minh City as a way to alleviate worsening traffic. Businesses that attract crowds like supermarkets and foreign language centers will be restricted as well as possibly wedding service providers. In addition, parking in traffic prone areas […]
Vietnam Launches National Database for Administrative Procedures
HANOI, Nov.2 – The government launched its first national database on administrative procedures in Hanoi last month for streamlining procedures and cutting costs. The new National Database on Administrative Procedures or commonly called Project 30 will save the country VND10,000 billion yearly by making all the administrative procedures and legal documents for all ministries and […]
HSBC Increases Stake in Top Vietnam Insurer to US$105 Million
Oct. 28 – Banking giant HSBC has raised its stake in one of the country’s leading insurance and financial services group to 18 percent for US$105 million. The increased investment on Bao Viet Holdings is in line with HSBC’s overall strategy to expand into emerging Asian markets. HSBC first bought a 10 percent stake in […]
Guangdong Companies Sign 24 Deals in Hanoi Trade Forum
Oct. 23 – Guangdong companies signed 24 projects worth US$723 million during a trade forum in Hanoi on October 20. “Vietnam will do its best to further develop this relationship, including efforts to boost economic, commercial and investment ties with Guangdong province,” Vietnam’s Deputy Prime Minister Pham Gia Khiem was quoted as saying by Nhan […]
New Capital Gains Tax Hinders Real Estate Sales
Oct. 21 – Vietnam’s newly enforced 25 percent capital gains tax has affected demand in Ho Chi Minh City’s real estate market. Beginning September 26, a real estate buyer wanting to transfer the right to own a property to another person will have to pay a 25 percent capital gains tax or a 2 percent […]
Hau Giang Province Offers Investment Incentives
Oct. 20 – Hau Giang Province located south of Can Tho City and and 240 kilometers of Ho Chin Minh City is offering incentives to attract more investors. Investors in the province will be qualified for zero import and export taxes, a 15-20 percent tax reduction on revenue from 10 to 12 years and bank […]
