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Call for European Investors in the Oil and Gas Sector
By Le Thi Nhung Nov. 27 – Vietnam Oil and Gas Group (PetroVietnam) coordinated with Eurocham in Hanoi on November 14 to organize a conference covering partnerships with PetroVietnam exclusively for European investors. During the conference, the General Director of PetroVietnam Do Van Hau gave an introduction to the investment strategy and investment attraction targets […]
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Da Nang Offers Massive Tax Incentives for Dutch Businesses
Da Nang City is calling for foreign investment in its hi-tech park by promising attractive incentives.
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Vietnam 2012 CPI Estimated at 8%
Nov. 19 – Vietnam’s Ministry of Planning and Investment has just reported at the Third Session of the National Assembly XIII that if there is no major fluctuation during the last 2 months of 2012, and if policies affecting the economy and prices are managed actively, cautiously and drastically, then the country’s CPI for the […]
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Corporate Income Tax in Vietnam
Oct. 31 – Vietnam’s Corporate Income Tax (CIT) Law was approved by the National Assembly in 2008 and came into effect in 2009. CIT is a direct tax levied on the profits (gross revenue minus expenses) earned by companies or organizations. The standard CIT rate is 25 percent for both domestic and foreign-invested enterprises in […]
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Upcoming Vietnam Trade Fairs and Exhibitions
Oct. 30 – The coming month in Vietnam will bring in a fresh set of trade fairs, shows, expos, and exhibitions to try and satiate the growing demand for new business in the country. A sampling of November’s key events can be found below. Vietnam International Shop and Franchise Show 2012 When: November 1-3, 2012 […]
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HCMC Franchise Exhibition Set for November 1-3
Oct. 29 – The Vietnam International Shop and Franchise Show 2012 (VIETSF 2012) is marked as the biggest annual exhibition in Ho Chi Minh City, with over 130 companies and more than 234 booths set to participate this year. This year’s event looks to attract more than 20,000 visitors to the show floor.
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Vietnam Regulations for Foreign Investment in Education (2012)
Decree No. 73/2012/ND-CP regarding education management for foreign cooperation and investment was promulgated last September. Accordingly, the forms of foreign investment allowed in education include 100 percent foreign-capitalized educational institutions and associated educational institutions between domestic investors and foreign investors.
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Setting Up a Company in Vietnam
Sept. 27 – The first step in setting up a business in Vietnam is acquiring an Investment Certificate (IC), also known as a Business Registration Certificate. The time period required to acquire an IC varies by industry and entity type, as these determine the registrations and evaluations required: For projects that require registration, IC issuance […]
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Housing for Foreigners in Vietnam
In 2008, after a good deal of debate, the door was also officially opened for foreign individuals and organizations, as well as overseas Vietnamese citizens and organizations, to purchase apartments (not individual houses) in Vietnam. By the end of 2011 a total of 296 foreigners and overseas Vietnamese (mostly the latter) had purchased apartments in Vietnam. But as Vietnam’s real estate market has been relatively stagnant for the last three years and is currently a buyer’s market, an increasing number of foreigners are considering this possibility.
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Vietnam Promulgates Fiscal Stimulus Measures
On August 21, 2012, Vietnam’s Ministry of Finance promulgated Circular 140/2012/TT-BTC, clarifying the country’s 2012 fiscal stimulus measures which aim to resolve some of the present tax difficulties facing organizations and individuals.