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Regional Spotlight: Red River Delta (Hanoi)
May 7 – The Red River Delta constitutes the industrial heart of Vietnam and is one of the richest and most developed regions in the country. Hanoi, Vietnam’s capital city, dominates in terms of foreign investment and gross industrial output. It is also home to many manufacturing plants for big international names like GM, Nokia […]
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Vietnam to Create National Asset Management Company
May. 2 -The Vietnamese government is set to approve a decree that will officially establish a national asset management company to help with the resolution of bad debts in the country. The company has already received the Politburo’s in-principle approval. The central bank has submitted its detailed plans for the company, which will be called […]
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Vietnam’s Online Business Registration to be Completed This Year
Apr. 30 – Vietnam’s online national business registration platform, which will allow enterprises to register online and be able to verify the legitimacy of potential business partners and companies, will be fully completed by the end of this year. This new system is designed to reduce the risk of doing business in Vietnam. Le Quang […]
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FDI on the Rise in Vietnam
Apr. 26 – During the first four months of 2013, Vietnam attracted newly registered and additional foreign direct investment (FDI) capital worth over US$8 billion. The capital was injected into projects throughout 18 different sectors, with the processing and manufacturing industries topping the list, followed by the property, wholesale and retail sectors. Of this, US$4.9 billion of […]
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Vietnam’s Key FTAs: ASEAN, China, Japan
By Nguyen Huyen My, Business Advisory Services, Dezan Shira & Associates HANOI – Over the past 10 years, more than 300 free trade agreements (FTAs) have been negotiated and/or implemented across the globe. FTAs are not new to Vietnam, as the country has been a part of the ASEAN Free Trade Area since 1996 and […]
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Vietnam to Establish SME Development Fund
Apr. 22 – In a move to enhance Vietnam’s competitive capacity and to create additional jobs, the Vietnamese government will create a fund to assist with the development of small and medium enterprises (SMEs) in the country. The fund will officially function as a State financial organization under the management of the Ministry of Planning […]
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Trade Update: Vietnam Revises Import Duties
The Vietnamese Ministry of Finance has issued a new circular which amends its preferential import duties on various commodities. Currently scheduled to be implemented from May 19, 2013.
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Tax Update: Vietnam Gov’t Approves Amendments to CIT Law
In an effort to boost investment in Vietnamese businesses and to support struggling enterprises, Vietnamese lawmakers have approved the Government’s proposal to reduce the current general corporate income tax (CIT) rate from 25 percent to 23 percent.
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Regional Spotlight: Vietnam’s Northwest and Central Highlands
Apr. 17 – Vietnam’s Northwest and Central Highlands have recently gained prominence as increasingly important developmental regions. Only last month the Bank of Investment and Development of Vietnam (BIDV) pledged to provide VND 15 trillion (US$718 million) and VND 7.5 trillion (US$359 million) to the respective regions between 2013 and 2015. This presents itself as […]
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Vietnam International Trade Fair Opens
Apr. 12 – The 23rd Vietnam International Trade Fair (Vietnam Expo 2013) opened on April 10 at the Vietnam Exhibition Fair Center in Hanoi, Vietnam. Booths and products representing the agriculture, electronics, information technology, industrial machinery, equipment, construction materials, and trade and services sectors will be present and on display until April 13. Themed “Vietnam: […]