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New Vietnamese Circular May Threaten Local Business
New circular stipulates that FIEs that are licensed to export products may now only buy materials from Vietnamese businesses that either have the proper business certificates or are legally allowed to import products and distribute goods.
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Vietnam Delays Debt Classification Rules
May 29 – In order to give banks across Vietnam a greater period of time with which to handle their debts, a major issue in the Vietnamese economy at the moment, Vietnam’s central bank has announced that it will delay rules on the classification of bad debt and the requirements for provisions to deal with […]
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New Issue of Vietnam Briefing: Re-evaluating Your Vietnam Representative Office
This issue of Vietnam Briefing examines ROs - the processes of working with them, and the rationale for either upgrading or closing them. We explain not just how to close up your RO, but also list out the common reasons for doing so. In addition, we include detailed instructions and timelines on how long it takes to upgrade or close up shop.
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New TV Regulations Cause Loss of Foreign Channels
May 21 – Due to the enforcement of new restrictions on television in Vietnam, at least one Vietnamese TV station has responded by dropping worldwide news channels CNN and BBC. Foreign governments have already warned that various interpretations of the new restrictions could result in foreign media leaving the country altogether. Joint venture K+ Satellite […]
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Vietnam’s Taxes on Business
May 20 – In a tough global economy, major foreign investors continue to prioritize their investments into Vietnam. Many small-medium sized enterprises are following in step, acting on the business potential that Vietnam holds for companies of all sizes and a variety of industries. It is thus increasingly important to understand the taxes which Vietnam imposes on […]
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Construction Continues on Vietnam’s Thu Thiem New Urban Area
May 16 – Construction began last month on four main roads in the Thu Thiem New Urban Area, a development located near the heart of Ho Chi Minh City (HCMC). Construction of the Thu Thiem New Urban Area has been steady, with 99 percent of the seven square kilometer area already cleared, with the adjacent […]
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Vietnam Issues Regulatory Update Affecting Foreign Retail Enterprises
On April 22, 2013, the Vietnamese Ministry of Industry and Trade (MOIT) issued Circular No. 08/2013/TT-BCT (hereinafter referred to as "Circular 08") regarding the activities of selling goods and related activities by foreign invested enterprises (FIEs) in Vietnam.
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Construction of Mui Ne Airport Expected to Boost Regional Tourism
May 10 – The residents of Phan Thiet City in Vietnam’s central Binh Thuan province can soon expect an influx of tourists as a new airport is built in the area, scheduled for opening in 2017. Plans for the airport have already been submitted to the central government for approval. The airport, which reportedly will […]
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New Issue of Asia Briefing: An Introduction to Development Zones Across Asia
In this issue of Asia Briefing Magazine, we break down the various types of development zones available in China, India and Vietnam specifically, as well as their key characteristics and leading advantages. We then go on to provide a snapshot of the latest development zones across the rest of Asia. We hope that this issue will provide the basic fundamentals to understanding one of the most important business tools available to international businesses operating in Asia.
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Vietnam Resumes Exporting Fruit To EU After Hiatus
May 9 – After a 15-month hiatus, Vietnamese produce exporters are now allowed to resume shipments of fruits and vegetables to the European Union (EU) after Vietnam’s plant protection department agreed to re-issue quarantine certificates. Exports will resume as normal starting June 30. Vietnam’s plant protection department stopped issuing certificates in March 2012 in an […]